Whales accumulate 240 million DOGE amid price decline

Dogecoin has seen a 9% decline in valuation over the past week, currently trading near $0.08. Despite the downturn, large investors have accumulated over 240 million DOGE, now controlling 12% of the circulating supply. Analysts point to an extreme oversold RSI of 9 and reduced exchange netflows as potential indicators of a forthcoming rebound, with some projections targeting $0.093.