Dogecoin, known as the “king of meme coins,” has seen a cumulative increase of over 54% in three months, but has retreated slightly by approximately 5% over the past 24 hours, sparking concerns among traders. However, whales are increasing their purchases, offsetting retail selling pressure. Data shows that exchange balances increased by 4.96 billion DOGE between September 7 and 15, marking a monthly high. Meanwhile, the RSI indicator has shown a hidden bullish divergence, suggesting a weakening of selling momentum and potential for a resumption of Dogecoin’s upward trajectory.

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