Why Dogecoin whales are scooping up DOGE even as price falls

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Active Currencies 17178 Market Cap $2,784,059,826,469.70 Bitcoin Share 59.03% 24h Market Cap Change $2.66 AMBCrypto Home > Analysis > Bearish storm over Lido DAO – Will $0.88 hold or give way to more losses? Analysis Bearish storm over Lido DAO – Will $0.88 hold or give way to more losses? 2min Read Buying LDO at these levels went against the trend and technical indicators- is it better to wait for reversal signals, or chase higher potential returns?

Bearish storm over Lido DAO - Will $0.88 hold or give way to more losses? Avatar Akashnath S Journalist Edited By: Saman Waris Posted: March 12, 2025 Share this article ShareTweet

Lido DAO showed strong bearish signals, and another 38.3% plunge was likely. The price was at a key support that has only been tested twice in just over two years — a last stand for bulls? Lido DAO [LDO] has breached yet another support level. Since falling below the 3-month range in February, LDO has shed 43% in just over two weeks.

It has fallen below the $1 psychological level and was headed below the $0.88 support as well, which marked the low from September 2024.

Before September, the last time LDO was trading near $0.9 was in November 2022. Following the FTX implosion, the token fell to a low of $0.872.

As things stand, LDO could fall well below the $0.88 level if the current momentum persists.

What are the next targets for Lido DAO? Lido DAO 1-day Chart Source: LDO/USDT on TradingView

Usually, Fibonacci retracement and extension levels plotted based on significant swing points offer a good view of where asset prices can go next.

The current price drop was likely not at an end, meaning a swing point might not have formed. Hence, the November rally was used to plot these levels.

The price stalled for a couple of days at the 78.6% retracement level. Over the past two weeks, more selling pressure meant the 100% level has been taken out. The next target was the 23.6% level at $0.545.

If Lido DAO prices dropped that deep, it would make new multi-year lows. The $0.545 level lined up roughly with the $0.46 and $0.5 support levels that LDO bulls defended in June 2022.

Investors must be cautious. The risk is high, but so is the reward. Buying LDO at these levels went against the trend and technical indicators.

The market structure was firmly bearish, and the RSI was in oversold territory. This showed significant bearish momentum.

Moreover, the OBV made new lows alongside the price, signifying heavy sell pressure. The downtrend was not guaranteed to halt at $0.88 just because it has been a significant support level over the past two years.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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Read the Next Article Home > Ripple > Breaking down impact of 167M XRP whale action on Ripple’s prices Ripple Breaking down impact of 167M XRP whale action on Ripple's prices 3min Read XRP’s price action and market sentiment suggest potential bullish momentum, depending on key support levels. Whale transfer sparks interest: XRP’s $2.00 support holds key

Erastus Chami Journalist Edited By: Jacob Thomas Posted: March 12, 2025 Share this article ShareTweet XRP formed a head-and-shoulders pattern, with $2.00 as key support for a breakout. Market sentiment showed caution, with slightly more long positions and rising active addresses. The recent transfer of 167 million XRP, valued at approximately $367 million, has captured significant attention within the cryptocurrency community.

This large-scale move from one unknown wallet to another has sparked discussions about Ripple’s [XRP] future price potential.

As the market reacts to this transaction, it’s important to analyze the current price action, sentiment, and key indicators to assess whether XRP is poised for a breakout or facing further challenges.

XRP price action analysis: Is a breakout imminent? At press time, XRP was trading at $2.11, reflecting a 1.95% decline over the past 24 hours.

The chart displays a distinct head-and-shoulders pattern formed over recent months, with the left shoulder appearing in November 2024, the head in December, and the right shoulder in March 2025.

The neckline at $2.00 serves as a critical level to monitor. If XRP stays above this support, it may indicate a potential breakout, with resistance at $2.30 as the next target.

However, a break below the neckline could trigger further bearish momentum, driving the price down to the next support level at $1.99.

XRP price action analysis Source: TradingView

XRP taker buy/sell ratio analysis: Slight bullish sentiment The taker buy/sell ratio has seen a small increase of +1.04% over the past 24 hours, suggesting a shift towards a slightly bullish sentiment. The current ratio is 0.9888, meaning that buying volume marginally outweighs selling volume.

This shift could be attributed to the large whale transfer, signaling that larger investors might be positioning themselves for a potential upward move.

This change in sentiment, while modest, suggests that traders are becoming more optimistic about XRP’s potential.

XRP taker buy sell Source: CryptoQuant

Daily active addresses analysis: Growing network activity XRP’s daily active addresses have surged to 201.76K, indicating a notable rise in network activity. This increase suggests that more users are engaging with XRP, potentially anticipating a significant price movement.

Consequently, such surges in active addresses have often preceded upward price action, making this a positive signal. The growing number of active addresses highlights the rising interest in XRP, which could further support its price.

Source: Santiment

Long vs. short positions: Mixed sentiment in the market The data on long vs. short positions reveals mixed sentiment among traders. Long liquidations have slightly outweighed shorts in the past 24 hours, indicating some cautious optimism.

While traders remain generally positive, the presence of shorts shows that market uncertainty persists.

This balance between long and short positions underscores the indecision in the market, with many traders unsure of whether XRP will break to the upside or continue its consolidation.

Source: Coinglass

In conclusion, XRP appears poised for a potential breakout, driven by whale transfers, increased network activity, and shifting market sentiment. However, maintaining the critical $2.00 support level will be essential.

If XRP successfully holds above this level, an upward movement could likely follow. While bullish signals are becoming apparent, XRP’s future trajectory will heavily depend on how the market responds to key support levels and the balance between long and short sentiment.

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Olayiwola Dolapo Journalist Edited By: Saman Waris Posted: March 11, 2025 Share this article ShareTweet Dogecoin accumulation has intensified in the past 24 hours as the market established a new low. DOGE has reached a critical point on the chart and could witness a significant bounce to the upside. In the past 24 hours, the bearish wave in the market has intensified, leading Dogecoin [DOGE] to decline by 9.83%, bringing its monthly decline to -36.13%.

A close analysis of several market metrics suggests that DOGE’s current condition is likely temporary and that a rally could begin soon as sentiment shifts.

Massive whale accumulation of DOGE There has been significant investor accumulation of DOGE in the last 24 hours, as recorded by Santiment.

Whales—addresses controlling a notable supply of an asset, typically between 100 million to 1 billion units—have been actively acquiring DOGE.

Source: Santiment

Over the past 24 hours, this cohort has accumulated a total of 1.40 billion DOGE, indicating strong demand. A market rebound could be imminent, especially if DOGE begins to record even minimal gains.

This bullish sentiment comes at a time when Santiment data shows DOGE has hit its most negative social volume and weighted sentiment in the market—historically a sign of a potential bottom.

Source: Santiment

As demand grows and key metrics reach a bottom, DOGE could be poised for a major reversal, with its price trending higher from its current levels.

Spot buys vs. derivative sells—What’s next? In the spot market, traders have been aggressively accumulating DOGE over the past week and in the last 24 hours.

In the past day alone, traders have purchased a total of $8.05 million worth of DOGE, with $44.34 million bought over the past week.

Rising demand suggests that traders see DOGE’s recent low as an opportunity and are accumulating ahead of a potential rally.

However, AMBCrypto found that while several metrics indicate bullish sentiment, derivative traders remain bearish. Instead of going long, they are opening short positions, expecting DOGE’s decline to continue.

At the time of writing, the Open Interest Weighted Funding Rate—a metric combining open interest and funding rate to predict market trends—suggests DOGE could trend even lower.

Source: Coinglass

With a negative reading of -0.0077%, this indicates more short positions in the market, with short traders paying a premium to maintain their positions.

Such sentiment could delay DOGE’s potential rally. Until the funding rate shifts to a positive region, DOGE may remain under pressure