Dogecoin Price Prediction: Why Whales Add 130M DOGE After a 7.7% Drop?

Do DOGE whales know something? A post says large holders bought another 130 million DOGE in two days, and a trader says DOGE has broken out of its downtrend. The daily chart shows something else. In this Dogecoin Price Prediction, the Dogecoin price today is $0.07165 after a 7.7% drop on November 5, and longs took about 87% of the $12.38M liquidated in 24 hours. Why is Dogecoin price down today? The dogecoin price today is down 6.64% to $0.07165 in 24 hours, closely tracking a broad crypto market sell-off. The move was primarily driven by a sharp drop in Bitcoin, which fell over 5% as a tech stock slump and concerns over AI sector risks triggered over $1 billion in leveraged position liquidations across the market. Primary reason: Beta-driven sell-off following Bitcoin's decline amid a broader tech/AI risk repricing. Secondary reasons: Amplifying liquidations of leveraged long positions across crypto derivatives. Dogecoin News Today: Whale Accumulation of 130 Million DOGE Dogegod posted that Dogecoin whales have acquired another 130 million DOGE in just 2 days, equivalent to $10 million. Whale accumulation means large holders keep buying, and their trades can move the market. At today's price, 130 million DOGE is about $9.3M. The post's $10M works out to about $0.0769 per coin, near the price before yesterday's drop. Source: Data From X It names no wallets or data source, so CoinGabbar could not verify it. Dogecoin Price Outlook: Breakout Claim Under Review Sweep posted on X about that DOGE has broken out of its downtrend. He adds that an RSI breakout has happened, MACD has crossed bullish, and this looks good for a rally. RSI is a momentum gauge from 0 to 100. MACD is an indicator built from two moving averages, and a bullish cross is when its faster reading rises above its slower one. His charts were not shown, so both signals are unverified. The downtrend claim does not match our daily chart. Why Are Whales Adding 130M DOGE After a 7.7% Drop? Dogegod posted that Dogecoin whales bought another 130 million DOGE in two days. That is about $9.3M at today’s price. The post names no wallets or data source, so CoinGabbar could not verify it, and it does not say why they bought. The timing may be a dip purchase. $DOGE fell about 7.7% on November 5, and longs made up about 87% of the $12.38M liquidated over 24 hours. Large holders sometimes buy after forced selling, since prices can be lower. Others may be buying for different reasons, and a purchase does not mean the price will rise. For now, $DOGE still sits inside its falling channel, and $0.07010 is the level to watch.