Dogecoin: New Wallet Opens $2.25M 10x Long

Dogecoin drew fresh leveraged interest after a newly created wallet opened a 10x long on 20 million DOGE valued at $2.25 million over the past six hours, according to on-chain data from lookonchain. The position carries a liquidation price of $0.10284, placing it just below current levels near $0.11.

Traders tracking DOGE price prediction and crypto whale movements note the timing coincides with neutral momentum readings. Price trades inside Bollinger Bands with upper resistance at $0.12 and lower support at $0.11, while the 50-EMA and 200-EMA sit at $0.11 and $0.10 respectively.

With price testing the upper Bollinger resistance at $0.12 while RSI(14) flashes neutral at 49.57 and MACD prints a death cross at 0.0, a healthy retracement toward the 50-EMA support at $0.11 appears probable before any continuation higher in this leveraged setup.