Dogecoin News Today: Dogecoin Falls 10% as Whale Accumulation and Oversold RSI Signal Possible Rally

Dogecoin (DOGE) has seen a 10% price decline in the last 24 hours, trading at $0.23 as of July 15, 2025, per CoinGecko data. Despite the drop, key market indicators suggest a potential reversal. Whale investors have accumulated over 310 million DOGE in 48 hours, signaling renewed confidence. This purchase, valued at approximately $73.5 million, adds to existing holdings of 25.42 billion tokens—16.6% of the circulating supply—worth over $6 billion [1]. Such accumulation reduces available supply and could drive upward momentum if demand remains stable. Smaller investors may follow, injecting liquidity into the market.

Exchange outflows further support a bullish outlook. CoinGlass data reveals sustained movement of DOGE from centralized exchanges to long-term custodial solutions over recent months. This trend reflects reduced immediate selling pressure and aligns with broader investor behavior favoring self-custody during bullish cycles [1]. Additionally, technical indicators point to a potential rebound. Dogecoin’s 14-day Relative Strength Index (RSI) has fallen to nearly 30, nearing oversold territory. Historically, an RSI below 30 suggests undervaluation and a higher likelihood of a price reversal, though it does not guarantee immediate action [1].

Analysts remain cautiously optimistic. X user Galaxy views the pullback as a retest of a prior breakout, forecasting a potential rise to $0.52 if key resistance levels hold [1]. Ultimae GL highlights a “high probability” of DOGE reaching $0.35, contingent on maintaining $0.21 as support and breaking through $0.28 resistance. Meanwhile, CryptoELITES has set a more ambitious target of $5, seeing the current decline as part of a prolonged bull cycle [1]. These projections vary, reflecting both short-term technical optimism and long-term speculative bets.

The market dynamics highlight a divergence between immediate technical conditions and speculative narratives. Whale accumulation and exchange outflows provide tangible evidence of conviction, while the RSI dip adds analytical weight to a potential rebound. However, price targets like $5 from CryptoELITES rely on assumptions of sustained speculative inflows and macroeconomic tailwinds not explicitly detailed in the data. Investors should weigh these factors against broader crypto market trends and risk tolerance.

Source: [1] [310000000 DOGE in 2 Days: Is Dogecoin Ready to Rally After 10% Drop?] [https://cryptopotato.com/310000000-doge-in-2-days-is-dogecoin-ready-to-rally-after-10-drop/]