Dogecoin (DOGE) has been experiencing significant fluctuations over the last week, characterized by notable price swings and a burst in whale transactions.
Recently, DOGE climbed to a 20-day high of $0.3968. However, it quickly retraced by 10% within a mere 24 hours, currently trading at $0.3496 at the time of this report.
Despite this decline, DOGE is still 53% below its previous high, sparking discussions on whether this dip could be setting up for a future rally. Investors and traders are closely monitoring the activities of large holders and the broader market trends.
The situation suggests potential volatility, with opportunities for both gains and further declines. Stay tuned!
