Dogecoin Price Prediction: Whales Dump $440M – Is This the Final Warning Before a Full-Scale Collapse?
Whales offloaded $440 million DOGE in the 72 hours main as much as Halloween, dampening bullish Dogecoin price predictions for November.
Hopes of an “Uptober” for the meme coin have didn’t materialize, carrying bearish sentiment into the new month as its most satisfied holders take flight.
The strain from Doge’s most influential gamers has left bulls unable to defend a key demand zone at $0.18, successfully invalidating an ascending channel setup that after focused $0.26–$0.33.
The subsequent structurally essential help lies far decrease, around $0.07, a zone that will symbolize a deep unwinding of latest beneficial properties, and a return to pre-bull market ranges.
Dogecoin Price Prediction: Is a Full-Scale Collapse Next?
Dogecoin could possibly be in for an early bailout from Ali’s bearish outlook, with historic demand zones hinting at a potential backside.
Past robust demand zones at $0.12 and $0.09 could also be a extra pure cool-off level, limiting losses to 30% or 50% respectively, significantly as momentum indicators present promote strain fading.
While the MACD histogram’s transfer under the sign line factors to a contemporary downtrend, the RSI nears the 30 oversold threshold, a zone that has traditionally marked bottoms for Dogecoin value corrections.
A bounce right here might invalidate the present breakdown, restoring Dogecoin’s ascending channel construction and establishing a potential 190% rally towards $0.50 if momentum turns bullish once more.
Fundamentals help the state of affairs, with continued U.S. rate of interest easing to stimulate threat urge for food and new contact factors for demand by way of spot DOGE ETFs.
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