What are the price predictions for Dogecoin after one of its whales sold 170 million DOGE coins, and why could the $1 mark be on the horizon?

The price of Dogecoin (Dogecoin-DOGE) has recorded a decline of 3% over the past week, currently settling around $0.2205, coinciding with the calmness of the meme coin recovery wave following its strong launch and trading volumes that exceeded the average. Meanwhile, DOGE recorded trading volumes of $1.8 billion in the last 24 hours, indicating a 37% decline compared to the previous day, possibly signaling a decrease in selling pressure, which supports positive price predictions for Dogecoin in the near term.

On the other hand, Santiment data indicates that one of the Dogecoin whales (large investors) sold 170 million DOGE coins worth over $40 million in the past few days, significantly contributing to the increased pressure on the price of the leading meme coin. This is likely a natural step to take profits after Dogecoin's strong launch, and it may positively impact its upward momentum given that the market has recently reached extremely high levels on the daily chart.

Dogecoin price predictions are optimistic as its movements form a bullish flag pattern, preparing to touch $0.35.