๐ฟ๐ค๐๐๐๐ค๐๐ฃ ๐๐ง๐๐๐ ๐๐ฉ๐๐ก๐ก๐จ ๐๐จ 200๐ ๐ฟ๐๐๐ ๐๐ก๐ค๐ค๐๐จ ๐๐ญ๐๐๐๐ฃ๐๐๐จ
Dogecoin price is stalling in the $0.17 to $0.20 consolidation range as a whale looks to sell 200M DOGE after moving the tokens to OKX.
Dogecoin (DOGE) has stalled since the May 11 swing high of $0.25. At press time, Dogecoin price trades at $0.17, representing a 32% drop from this level as daily trading volumes on July 14 reached $936 million. However, the price faces the risk of dropping further as 200M DOGE tokens move to exchanges, increasing the likelihood of selling activity increasing in the near term.
Dogecoin has been trading within a consolidation for the last two weeks, as the price fluctuates between $0.16 and $0.20. The volatility of this top meme coin has
dropped significantly, which signals indecision from both buyers and sellers. However, as the price tests support at the lower boundary of the consolidation range, past trends hint that selling activity may surge.
