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Home»EXCHANGE NEWS»Can Dogecoin Price lose $ 0.20 support in February?
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Can Dogecoin Price lose $ 0.20 support in February?

By Crypto FlexsFebruary 9, 20252 Mins Read
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Can Dogecoin Price lose $ 0.20 support in February?
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On Friday, February 7, Dogecoin prices fell 0.46%, reaching $ 0.24. Bitcoin may be due to wider market corrections, as another failed attempt maintains more than $ 100k. However, DOGE sellers can further accelerate the current correction trend as the onchain data records a significant decrease in whale activities.

According to Coingecko, Doge’s market cap is $ 36.7 billion and the 24 -hour trading volume is $ 1.92B.

Main highlights:

  • The 1m+ Weekly Doge transaction plummet from 3,490 to 840, indicating the decrease in participation of major investors.
  • Dogecoin price category of DOBER TOP REXERSAL Pattern is 30% ahead.
  • Doge correction can be seen between $ 0.22 and $ 0.173.

Doge WHALE transactions decrease by more than 60%.

Once a lively Dogecoin whale activity decreased rapidly as a big deal was built at an amazing speed. According to Santiment, an on-chain analytics company, the number of $ 100K+ DOGE transactions dropped from 20.2K to 6.2K per share and large-scale exercises have greatly reduced.

Similarly, the $ 1m+ weekly Doge transaction plunged from 3490 to 840, emphasizing that major investors were excited or paused.

Whale Activities | Forest

The tweets of the analyst platform suggest that the surge in whale activities in Doge can show a new accumulation trend.

Dogecoin Price is a breakdown of $ 0.2 in the reversal pattern.

In the first week of February, Dogecoin Price expected 28%to $ 0.34 to $ 0.248. According to the daily chart analysis, the Falling Meme Coin Price has weakened in support of $ 0.26 of the double floor pattern.

Theoretically, the chart setting is characterized by two main reversal, such as the character “M”, which indicates the presence of a high supply pressure from the above.

On the upcoming weekend, you can reinforce Doge Price and test the $ 0.26 level with potential resistance. If the pattern is true, the assets can be reduced by 29% after destruction, which can record $ 0.174.

Dogecoin price Dogecoin price
Doge/USDT -1D chart

On the contrary, buyers need to support the neckline to regain control of their assets.

Also read: The decision delay of the Ethereum ETF option, the analysts say, are as follows.

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