Dogecoin Price Rally Loses Steam as Whales Quietly Dump Tokens

Despite Dogecoin's recent bounce of 3.02% over the last 24 hours to $0.090, analysts are warning that the rally may be losing its real buyers.

The price has reclaimed both the 50-day EMA near $0.076 and the 100-day EMA near $0.081, a structurally bullish setup on paper. However, momentum tells a different story, with the RSI reading near 77, deep overbought territory.

Whale behavior is also concerning, as wallets holding between 1 million and 100 million DOGE have shed a combined 280 million tokens since Friday, suggesting whales are quietly de-risking into strength, not a vote of confidence after last week's 34% rally.