The price of Dogecoin fell by 1.3% to $0.096 during the U.S. trading session on Thursday, reflecting the broader market sentiment influenced by Bitcoin's decline below $60,000.
With major cryptocurrencies struggling, September may see a continued downtrend. Despite this bearish outlook, large holders, or whales, remain optimistic and keep accumulating Dogecoin.
This accumulation trend by whales could be a buy signal, suggesting that DOGE might see a 40% price rally in the near future.
