When valued at the current prices, it implies that the Dogecoin whale have offloaded over $46 million worth of DOGE over the last 4-days. Due to whales financial muscle and influence on the community, DOGE price has unsurprisingly dropped 10.61% during that period.
If the whales intensify the selling pressure, Dogecoin price could slide further downward in the days ahead.
Dogecoin (DOGE) Price Forecast: $0.15 Support at Risk
Dogecoin price has lost considerable traction this week, with whale investors offloading $46 million worth of DOGE shutdown in the last 3 days. This puts DOGE price at risk of losing the $0.15 support level in the near-term.
With DOGE price currently trading at $0.16, the Bollinger band technical indicators also shows that bears are now on the verge of a downswing below the critical support level at the 20-day SMA price of $0.153