Dogecoin (Dogecoin) is trading around $0.0850 on Monday, holding steady after a 5% rebound from its recent low below $0.0800. The modest recovery follows a volatile stretch in which the meme coin briefly tested its weakest levels since early February before buyers stepped in around the key support zone. The momentum indicators suggest that the bearish momentum is not over yet, with the bulls still struggling to regain control. Whale wallets reduce holdings to multi-month lows On-chain data suggests weakening conviction among larger investors. According to Santiment, wallets holding between 100 million and 1 billion DOGE have reduced their exposure to about 22.95% of the circulating supply, down from 24.63% in late April.
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