Can the spiral down Dogecoin – Can the accumulation of whales save the price of the same?

• The same market and the dogecoin have inexorably downgraded since December
• A turnaround is not in sight at the moment, and investors may have to wait until summer before buying

The Memecoin market has been in the bottom mode only since December. Most popular same, unless Dogecoin (DOGE) and Shiba Inu (SHIB) have erased most or all of their earnings for nine months.

This trend is due to the flood of mecoins on the market. Given that the memes depend on the media threshing market rather than fundamentals, it was difficult for bulls to generate gains for memes tokens.

The 1 -day price table of Dogine has shown a clear decrease trend with its series of lower ups and lower stockings since the end of January. In fact, Doge fell near its November at $ 0.142. Although his OBV does not dive lower, the downward trend was visible. The MacD has also described the lowering momentum since February.

Ambcrypto has examined other measures to understand if investors should buy near $ 0.14 to $ 0.15 from November, hoping for a rally in the coming months.

The accumulation of whales gives a tiny flame of hope for the Doge bulls

The supply of profit (percentage) has been decreasing since December. This reflected prices’ action, as it should be. Metric went from 99.44% on December 8 to 70.95% at the time of the press.

The 90 -day MVRV report was also deeply negative, with a reading of 38.14%. Together, the measures highlighted the lowering point of view that the price table explored earlier.

Examination of the distribution of the offer can shed light if the whales accumulated or distributed their Dogecoin. The metric has revealed that the 100k-1m Doge cohort has been down slowly in recent months. The figures for the same thing saw a minor increase in March, but fell again in the last month.

On the contrary, smaller wallets have accumulated. More interesting, and with more impact potential on the market, is the 1m-10m DOGE cohort. These portfolios have increased their Holdings since March 7. This, despite their minor recording in recent days as well.

Here, it should be noted that Dogecoin is an inflationary, which means that more Dogecoin enters the offer over time. And yet, a certain accumulation among whales is a slightly full of hope.

On the other hand, the long -term net holder of profit / unrealized loss (LTH NUPL) was rather dark at the time of the press. He had a value of 0.4, translating into “anxiety” according to the graph. The metric deepened the same trends as the first half of 2024.

If the same thing continues, he could see Dogecoin collapse below $ 0.15 and continue lower in April. A consolidation phase during the summer could be necessary before the Bulls have the strength to drive another rally. This is what happened in July / August 2024, and something similar could be played in 2025.

Price action and NUPL have shown that the downward trend has remained in place. Long -term investors must wait for their time and wait for a consolidation phase, which extends at least for a few weeks.