Dogecoin could dip lower as large whales sell 120m DOGE

TL;DR Dogecoin trades near $0.075 on Monday after five consecutive weeks of declines. Wallets holding 10 million to 100 million DOGE have shed 120 million tokens since Thursday. The next major support sits near $0.068, while a recovery faces resistance from $0.079 to $0.090. Dogecoin (DOGE) is struggling to find its footing on Monday, trading around $0.075 after five straight weeks of losses. The meme coin has attracted some dip-buying from smaller whales, but larger holders are heading in the opposite direction, leaving the market without a clear signal that the selloff is over. The split in whale behavior comes as on-chain trading indicators remain weak and DOGE continues to trade below its major moving averages. With sellers still active, the $0.068 support level could soon come into focus.

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