Dogecoin price hovers near $0.069 as whales add 1.7 billion coins

Dogecoin (DOGE) is trading around $0.069, remaining well above zero but stuck in a bearish technical pattern. The coin continues to make lower highs and lower lows, with the 20‑day, 50‑day, 100‑day and 200‑day moving averages all above the current price. The Relative Strength Index sits near 40, indicating modest oversold conditions but still below neutral. A death‑cross on the hourly chart and weakening momentum suggest further downside risk, with $0.068 identified as a key support level and the 50‑day average near $0.074 as the next resistance.

Despite the price weakness, on‑chain data shows large investors (“whales”) buying roughly 1.7 billion DOGE in a single day – about $119 million at current rates. Analysts such as KrissPax and the X user @dogegod note that this accumulation signals confidence and could precede a stronger upward move if the price can break the $0.070‑$0.071 resistance zone. The same technical outlook is echoed in Turkish‑language reports, which also highlight the whale purchases as a potential catalyst for a more sustained rally.