Dogecoin (DOGE) has been consolidating around $0.10 over the past few days. The leading memecoin is trading around $0.105 on Friday after the bulls held the $0.102 support earlier this week. While on-chain activity shows large investors accumulating during the dip, derivatives data paints a more cautious picture. The mixed market signals continue to limit Dogecoin’s recovery in the near term. Whale accumulation, but derivatives data remains mixed Whales have been accumulating DOGE as the leading memecoin lost over 7% of its value in the last seven days. According to Santiment, whales have been actively buying into the recent price correction.
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