Dogecoin risks further decline as whales dump 750 million DOGE

Key takeaways Dogecoin (DOGE) trades around $0.068 on Wednesday, recovering slightly after falling to a new yearly low of $0.066 during the previous session. Santiment data shows that whale wallets holding between 100,000 and 100 million DOGE collectively offloaded 750 million tokens since November 3. A breakdown below $0.065 could trigger further losses, while buyers must reclaim $0.077 and $0.079 to improve the cryptocurrency’s technical outlook. Dogecoin (DOGE) is attempting a modest recovery on Wednesday after falling to its lowest price of the year, but persistent whale selling and weakening market indicators suggest that the meme coin remains vulnerable to further losses. DOGE trades around $0.068, slightly above Tuesday’s yearly low of $0.066, as buyers attempt to stabilize the cryptocurrency following its latest decline.

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