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DOGE Plummets 8.17% Amid Whale Selling and Technical Resistance

Guavy AI Editorial Team
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DOGE DOG
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Dogecoin (DOGE) has seen an 8.17% price drop due to aggressive selling after heavy institutional inflows and whale activity.

The selling was reinforced by DOGE's prices stalling near immediate technical resistance and overbought signals, with strong underlying momentum conflicting with shorter-term downside pressure.

The influx of $900,000 in net institutional inflows into ETFs focused on Dogecoin, led by Grayscale's GDOG fund, and whale purchases reaching 360 million DOGE within 24 hours, contributed to the price drop.

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