$DOGE Update: Is the $0.10 Support About to Crumble?
Bearish sentiment is taking over Dogecoin as we test critical support levels. 🚨
We are seeing concerning on-chain metrics that traders need to watch closely:
1️⃣ Whale Movements: Reports indicate a massive transfer of ~280M $DOGE to exchanges recently. When whales move funds to exchanges, it often signals an intent to sell.
2️⃣ Liquidity Drain: Real payment demand appears to be fading, with data suggesting nearly 80% of on-chain volume is flowing into exchanges rather than active utility.
3️⃣ Institutional Interest: With major funds showing little interest in the meme coin sector right now, liquidity is becoming a concern.
Technically, if DOGE loses the psychological $0.10 mark, we could see a swift move to new lows.
Are you hedging your positions or waiting for a bounce? Let me know in the comments! 👇
#DOGE #CryptoNews #Trading #WhaleAlert #talhablogger
