DOGE falls to $0.079: whales bought 240M coins, but exchange outflows weigh on price
- —DOGE fell 4% to $0.079, breaking below the 50-day EMA at $0.081
- —Whales bought 240 million DOGE from September 9 to 14 while the price fell from $0.091 to $0.081
- —Spot DOGE outflows exceeded inflows by $39 million over the same period
- —DOGE ETF inflows on September 16 totaled $248,500, all into Grayscale GDOG
Why it matters: The break below the 50-day EMA threatens a drop to $0.069 if the price closes below support for three consecutive days; a return above $0.086 would open the way to $0.093.
Source: CoinGape