Dogecoin has seen accumulation from large wallets in the last few days. Still, overall activity has remained low despite these moves.
The overall trend remained negative despite a slight increase.has experienced price downtrends, concluding the previous month with a decline and continuing the same trend into the new month.Dogecoin needs more positive momentumdaily timeframe chart revealed that out of the last seven days, DOGE experienced positive price trends for only three days.
Additionally, an analysis of its Relative Strength Index indicated a shift from the bull trend. However, as of this writing, its bear trend remained weak, with the RSI just below the neutral line.Whale Dogecoin wallets accumulate morewallet activity revealed that despite the price decline, certain wallets have accumulated more of the memecoin.
Specifically, wallets holding between 100 million and 1 billion DOGE tokens have increased their holdings.Additionally, an analysis of wallets holding between 100,000 and 1 million DOGE showed a similar increase in accumulation., the number of holders did not see an increase. Analysis of the number of holders on Santiment revealed a flat trend over the past few weeks.
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