Whale activity surrounding DOGE has fallen to its lowest level in the last 60 days, even as the token shows signs of a short-term bounce.
This unexpected drop in large transactions is raising questions about the strength of the move and puts the Dogecoin price prediction under fresh scrutiny.
The trend was first flagged by well-known crypto analyst Ali Martinez, who shared the data with his followers on Sunday.
The latest chart reveals a sharp decline in high-value Dogecoin transactions, with the number of $1 million+ whale transfers dropping to just 4, down from a recent peak of 38.
This marks the lowest level in two months and suggests that large holders are staying on the sidelines, even as price action picks up.
The lack of whale participation casts doubt on the strength of the recent rally and lowers the probability of a sustained recovery.
Dogecoin Price Prediction: DOGE at Risk of 25% Drop as Key Support Weakens
Dogecoin is once again clinging to its $0.14 support zone, a level it has already tested twice this year.
This third retest raises the stakes, and if buying pressure fails to hold, the chances of a decisive breakdown grow sharply, potentially sending DOGE another 25% lower.
The Relative Strength Index (RSI) confirms the pressure is mounting, showing persistent negative momentum ever since the June to September rally faded.
Adding to the bearish picture, DOGE is now trading 31.5% below its 200-day exponential moving average.
In previous cycles, major rebounds only kicked in when the price had stretched more than 40% below this trendline, suggesting there could still be room to fall before a recovery begins.
As top meme coins like DOGE face mounting headwinds, many investors are shifting focus to high-upside presales.
One new project in particular is catching serious attention.
Catch the Maxi Doge Presale Before it Lists on Exchanges
Maxi Doge ($MAXI) is an Ethereum meme coin that brings together people who want to share alpha, discover early opportunities, and take part in fun competitions.
$MAXI holders can take part in fun competitions like Maxi Ripped and Maxi Gains, where participants climb the leaderboard by showcasing their biggest wins.
To boost exposure and keep things exciting, up to 25% of the presale funds will be used for bold YOLO trades.
Profits from these trades will go toward marketing to help make $MAXI a name everyone knows.
It’s early, it’s active, and it’s designed for anyone who wants to be part of the next big meme coin wave.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and connect your favorite wallet (e.g. Best Wallet).
You can swap USDT or ETH for $MAXI, or just use a bank card to complete your purchase in seconds.
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The post Dogecoin Price Prediction: The Biggest DOGE Holders Just Stopped Moving – What Are They Waiting For? appeared first on Cryptonews.
