DOGE is stuck in a tight spot at $0.08, below its 200-day moving average (SMA), as whale positioning reaches extreme long ratios.
The market context suggests that Dogecoin's struggles are not just consolidation, but an actual bleeding against its own history.
Whale traders are heavily positioned on the long side, with a staggering 73.9% of their bets in favor of DOGE reaching $0.09, according to Binance data.
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