Very rich people have decided to play their favorite game again, 'let's buy billions of coins with the face of a cute dog and see what happens.' And, as usual, it all ended with ordinary people left guessing: is this a genius plan or just an expensive joke?
In the last 24 hours, whales bought Dogecoin for $200 million. Those same whales, not sea ones, but financial ones. Sea whales, by the way, wouldn't spend that much on pictures of a dog. Financial ones did, and raised the price of DOGE to $0.23.
But then the supply zone appeared. And no, this is not a new shopping center in Dubai. This is a place where everyone starts selling as fast as if they heard that Elon Musk switched to another crypto.
The price hit $0.23 like your old car going uphill — it seems to have the engine, but it pulls reluctantly. Institutions looked at the chart, said: 'Thank you, we'll take our profits,' and carefully dumped 35 million DOGE back into the market.
What about $0.22?
This is the sacred support level. The place where the price falls and then bounces back like a tennis ball. It has already been tested several times, and so far it holds. If we break down, we'll have to collect the tears of retail investors in a bucket.
The main question:
Will we break $0.23 and move to $0.25?
Whales can do everything, of course. But the question is, will they want to? After all, when half of all coins are concentrated in their hands, it's no longer a market but a party you showed up to without an invitation.
In summary:
Whales are eating.
Retail is waiting for a miracle.
$0.23 — a concrete wall.
$0.22 — the last line of defense.
And all of this revolves around a meme-coin that was once a joke. And now it's a serious financial asset... well, at least for those who believe in miracles and that dogs can really live on the Moon.
