#MarketSentimentWatch DOGE price takes hit

The timing is not great. The beloved meme cryptocurrency has been feeling the heat lately, dropping below $0.30 for the first time since November 2024. Then, right after this massive transfer, it slipped another 0.8%.

Just bad luck? Maybe. But moves like this tend to shake things up - especially as over 48,000 saw the report from Whale Alert.

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Dogecoin (DOGE) Price by CoinMarketCap

The psychology of numbers plays a role here, as round ones matter. When prices hover around key levels, traders get nervous. That is where DOGE is now - right on that line where people start making big decisions, sometimes pushing prices even more.