Something pretty unusual happened recently—on-chain data shows that within two days, certain addresses accumulated about 480 million DOGE, which translates to over $70 million. Normally, such a massive buy order should have pushed the price up, right? But what actually happened was DOGE only briefly spiked to around 0.153 before it started dropping, and now it's just hovering there.

What does this mean? The market simply isn't keeping up. Retail investors aren't buying in, there's still heavy selling pressure, and a few whales throwing in money just isn't enough to shift overall sentiment.

From a technical perspective, things don't look optimistic either. The price has already dropped below several key moving averages, and short-term momentum is clearly lacking. On the upside, 0.152 is the first hurdle, with the real resistance at 0.155. On the downside, holding the 0.148 line is crucial—if that breaks, the next stop could be the 0.143 to 0.140 range.

My personal take is that this trend hasn't reversed yet—the price is more likely to keep testing lower support levels. Whether it can hold above 0.148 is pretty critical.

How to trade this? I don't recommend chasing at the current price. If you really want to enter, wait for the price to drop to the 0.143-0.140 area and then try scaling in with small positions—don't go all in at once. For those already holding, consider trimming some positions if there's a rebound to around 0.152. Whatever you do, remember to set stop-losses in advance and don't over-leverage your positions.

Bottom line, the whale buying is definitely something to keep an eye on, but it doesn't mean you should rush in right now. Wait for the market to really stabilize and for volume to pick up. Staying on the sidelines for now is actually the safer move.