TL;DR
- Whales, those cunning leviathans of the crypto sea, gobbled up 130M DOGE as the price took a nosedive. 🤑
- Charts are whispering about a “double bottom” pattern, which sounds like something you’d find in a dodgy pub rather than a financial analysis. 🍻
- RSI is in the “oversold” zone, which is financial speak for “time to panic buy or sell, depending on your level of caffeine intake.” ☕
Whales on a DOGE Shopping Spree During Market Tantrum
In the last 24 hours, wallets heavier than a hippopotpotamus with a glandular problem have hoovered up 130 million DOGE. According to Ali Martinez, this happened as Dogecoin‘s price plummeted below $0.23, a drop so dramatic it could make a soap opera blush. 📉
These whales, ever the opportunists, seem to be betting that DOGE will bounce back like a rubber chicken at a comedy show. Their steady accumulation during the price dip suggests they’re either geniuses or have a really good crystal ball. 🔮
Whales bought the dip! They have accumulated 130 million Dogecoin $DOGE in the last 24 hours. 🐳💰
— Ali (@ali_charts) July 29, 2025
A Double Bottom? Sounds Like a Bad Bar Trick
Trader Tardigrade, a name that sounds like it belongs to a microscopic superhero, pointed out that Dogecoin might be forming a “double bottom” on the 4-hour chart. This pattern involves two low points near the same price level, separated by a brief rally. It’s like the crypto equivalent of a “two steps forward, one step back” dance. 💃
$Doge/H4 #Dogecoin might be forming a Double Bottom Pattern. Or maybe it’s just doing the cha-cha. 🕺
— Trader Tardigrade (@TATrader_Alan) July 29, 2025
The first low came near $0.2160 on July 25, followed by a second dip on July 29, slightly above the first. Both are capped by a resistance level at $0.2435, which DOGE has been eyeing like a cat staring at a laser pointer. If it breaks through, the next stop could be $0.27. But if it drops below $0.22, the pattern fizzles out like a damp firework. 🎆
Oversold? More Like Over-dramatic
In another post, our microscopic hero shared a 1-hour chart showing a 10% price drop over 17 hours. The RSI (Relative Stress Indicator, as I like to call it) plunged below 30, which is financial code for “time to panic.” Or not. 🤷♂️
$Doge/H1 #Dogecoin has dropped almost 10% in the last 17 hours. The RSI says it’s oversold, which means it’s either time to buy or time to hide under the bed. 🛏️
— Trader Tardigrade (@TATrader_Alan) July 28, 2025
When the RSI hits these lows, it often means the selling pressure is about as sustainable as a chocolate teapot. The chart suggests DOGE might pause or reverse, but as always, further confirmation is needed. Because, you know, crypto. 🚀
Meanwhile, Glassnode data shows Dogecoin addresses growing steadily, with 109.14 million active addresses at press time. That’s up from 108.5 million a month ago, proving that despite the price rollercoaster, people are still hopping on the DOGE train. 🚂
So, while prices may be taking a dip, network participation is on the rise. It’s like a party where the music’s getting louder, but the drinks are getting cheaper. 🥳
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2025-07-29 18:25