Dogecoin price dropped sharply over the past several days, triggering concern across the market. The meme coin fell 16% in four days, briefly breaking key psychological levels.
While the move unsettled short-term holders, the decline may support a healthier macro setup. Historically, similar pullbacks have created favorable accumulation zones for DOGE.
Dogecoin Holders Are Sharp
On-chain data shows Dogecoin holders moved quickly as price weakness emerged. Exchange net position change indicates rising accumulation during the sell-off. Buying pressure overtook selling as DOGE dipped below recent averages. This behavior suggests investors viewed the drop as an opportunity rather than a warning.
Such accumulation often reflects confidence among informed…
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Source beincrypto.com
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