Amid the continuous declining price momentum, Dogoin (Doge), the largest and most popular MIM, has gained great interest in encryption enthusiasts due to its remarkable low prices in recent days.
Curved whales buy 530 million dusks
On February 28, 2025, a prominent encoding expert shared a post on X (formerly Twitter), and reveals that during the past three days of the low prices of DOGE, the whales bought the decrease, and the accumulation of 530 million Dog.
Whales bought the dip, accumulating more than 530 million #Dogecoin $DOGE in the last 72 hours! pic.twitter.com/0cRGqxLoXw
— Ali (@ali_charts) February 27, 2025
Dog’s data on the series shows that it witnessed a decrease in prices more than 17 % during the period in which the whales bought the decline. They seem to have started accumulating after the decisive support level collapsed at $ 0.238.
Dogecoin (Doge) The procedure and the next level
According to expert technical analysis, DOGE appears to be fell, but it has been combined in a narrow range near the level of decisive support of $ 0.175 in the past two days. Based on the modern measures of historical prices and patterns, Doug still seems to be decreased and can decrease by another 15 % in the future.
As of now, the origin is traded without the 200 -day SIA moving average (EMA) on the daily time frame, indicating a declining direction.
Current price momentum and open interest declining
DOGE is currently trading near $ 0.206 and has witnessed a modest increase in prices of more than 1.75 % over the past 24 hours. However, during the same period, the trading volume decreased by 30 %, indicating a decrease in participation from merchants and investors, perhaps due to the large price fluctuations in the Mimi currency in recent days.
With the expenses of the Hubudian market, data from the analysis company on the series Coinglass She revealed that merchants inside the day and derivatives seem to be abandoned by Duji, as her open attention (OI) decreased to its lowest level in 2025.
Since the presidential opening, Doge’s OI has decreased from 5.25 billion dollars to $ 1.79 billion, reflecting the cheap trading department, and perhaps due to uncertainty in the market and low momentum.
