- Dogecoin shows signs of exhaustion but gains interest from crypto whales, hinting at a potential favorable trend in 2025
- The currency is currently trading at $0.4042, experiencing a decline of 2.74% over the last 24 hours and 6.61% over the past seven days
- Despite recent bearish trends, crypto whales are acquiring Dogecoin, anticipating a new surge as Donald Trump takes office
Dogecoin’s incredible bullish trend in November is showing more than enough signs of exhaustion. But despite this, crypto whales appear to be turning their attention to the memecoin, brewing rumors of a new favorable trend in 2025.
The currency is currently trading at $0.4042, down 2.74% over the last 24 hours. The scenario is not more favorable on the weekly charts, as CoinMarketCap data reveals a 6.61% depreciation over the past seven days.
For the first time since the post-U.S. Election crypto rally—Dogecoin’s performance is bearish also on the 30-day charts. Over the last month, the asset is down by 3.22%.
However, not all is lost for the world’s first dog-themed currency. While is relatively far from its near-fifty cent margin it reached during the recent peak—buyers appear keen on not letting go of the forty-cent resistance.
This is great news for investors who are anticipating a new surge in January when Donald Trump takes office as the new President of the United States. In fact, blockchain data analysts are reporting a growing movement from crypto whales to acquire $DOGE in the last few days.
Recent reports from blockchain analyst Ali Charts show that a crypto whale just bought over $65 million in DOGE. While no one knows what the investor intends on doing with these funds—it likely points out to a bet that the memecoin will continue its ascension in the next months.
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