Dogecoin experienced a price fake-out after a significant movement of 2.56 billion DOGE tokens, valued at $295 million, from Robinhood to private wallets. Despite this whale activity, Dogecoin's price failed to sustain a breakout from a descending triangle pattern on the 12-hour chart, briefly reaching $0.0927 before falling back into consolidation.The memecoin has been trading between $0.088 and $0.0930, with the recent price action suggesting a potential retest of the $0.088 support level. While whale accumulation indicates possible upward momentum, weak inflows into spot Dogecoin ETFs highlight limited institutional interest, contrasting with the activity seen in Bitcoin and Ethereum ETFs.BTC+0.79%DOGE+0.11%ETH+0.40%Source:Show OriginalDisclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
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