Are the market makers putting on a show again?

The market has been flat for two days without any movement, and the RSI has dropped into the oversold zone. Suddenly, there’s news on-chain—a whale swept up 480 million DOGE in 48 hours, pouring in over $70 million!

Is this an open invitation to jump on board, or are they digging a trap for you to fall in?

# Technical Analysis: Don’t Be Fooled by Appearances

Looking at the 4-hour chart, DOGE has been grinding between 0.145 and 0.152 for two days. The resistance above is like a steel plate, and it seems the bulls have given up.

But take a closer look:
- RSI has plunged into the oversold zone, meaning short-term selling pressure has basically been released and a rebound could happen at any time
- The lower boundary of the range at 0.145 has been tested multiple times without breaking—clearly, someone is buying up at the bottom
- The price is hovering around the 23-day moving average, with bulls and bears locked in a standoff

My take? This isn’t a real drop; the big players are shaking out weak hands and accumulating positions. Breaking 0.145? Not so easy.

# On-Chain Data: Smart Money Is Sneaking In

Numbers don’t lie.

Over the past two days, addresses holding between 1 million and 100 million DOGE have quietly accumulated 480 million DOGE, accounting for nearly 6% of the past 24-hour trading volume! These whales are putting real money on the line, signaling: this is a buy zone.

So why hasn’t the price taken off?

Because they’re suppressing the price while accumulating. They purposely don’t pump it, making retail investors think “there’s no hope, I’d better get out,” so they can scoop up more at cheaper prices.

# What’s Next Tonight?

My projection:

**Scenario One (70% probability):**