Dogecoin dips by 11% this week as whale balances shrink

Key takeaways Dogecoin traded near $0.085 on Friday after losing more than 11% this week. Two large-wallet cohorts reduced their combined holdings by 100 million DOGE since Tuesday. A close below $0.084 could expose $0.078 and $0.070, with resistance beginning at $0.086. Dogecoin traded around $0.085 on Friday, approaching a key trendline area after a weekly decline of more than 11%. Falling balances among some large holders and weakening technical momentum suggest continued downside pressure. However, derivatives positioning offers a more mixed picture, with long positions outnumbering shorts in CoinGlass’ tracked ratio.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinJournal.