Dogecoin whales accumulated over 240 million DOGE over the past week, increasing their holdings from 18.72 billion to 19 billion tokens, as the memecoin continues its correction that began three weeks ago. DOGE is currently trading around the 0.618 Fibonacci retracement level, with critical support at $0.080 and resistance at $0.085. Despite this accumulation, the price continues to fall due to profit-taking on leveraged positions, declining open interest across major exchanges, and persistent selling pressure on derivatives. The Bull Bear Power indicator remains in negative territory and the RSI at 40 suggests that selling pressure has not yet exhausted itself.
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