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Whales abandon ship at the top as Dogecoin and Shiba Inus bleed.

At their peak, Shiba Inu and Dogecoin both had significant price corrections brought on by whales collecting enormous profits.
The value of the two dog-themed cryptocurrencies, Dogecoin and Shiba Inu, dropped as whales sold their holdings.

If certain criteria are satisfied, analysts claim that the dogecoin price could turn positive and recover its losses.
After giving holders double-digit profits over the weekend, Dogecoin and Shiba Inu values abruptly decline. The decline looks to be related to widespread profit-taking before the most recent collapse. Whales abandon ship

 

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Shiba Inu and Dogecoin values have experienced significant drops.
Prices for Shiba Inus and Dogecoin dropped after reaching a peak locally over the previous weekend. Shiba Inu price dropped 12% overnight, while Dogecoin lost 13%. DOGE reached its local peak over the weekend at $0.087.

Through the decrease of the two cryptocurrencies through July 2022 and the first week of August, whales accumulated Dogecoin and Shiba Inu. On August 15, whale activity on the Shiba Inu network peaked, and the price of SHIB also reached a high point at that time. Whales abandon ship

According to statistics from the crypto intelligence portal Santiment, after reaching their price peaks on Sunday and Tuesday, respectively, Dogecoin and Shiba Inu both underwent significant market corrections. Whales abandon ship

Large wallet holders anticipated the best times to take profits in the two cryptocurrencies. A rise in transactions with a value more than $100,000 and a drop in DOGE and SHIB prices are related. Whales abandon ship

The debut of Libdogecoin, a C-library containing Dogecoin building pieces, last weekend helped Dogecoin reach a rallying point. A core Dogecoin developer named Michi Lumin introduced the library that enables Dogecoin to be directly integrated into DeFi, NFT, and dApps.

Similar to this, the advent of Shiba Eternity was a factor in the price increase of Shiba Inu. Shiba Inu and Dogecoin price increases are thought to be influenced by the accumulating activity of Ethereum whales and huge wallet investors. Nevertheless, on August 15, both assets are bleeding, with double-digit drops overnight, after providing gains of about 30% during the previous week.

The price of Dogecoin began to decline after reaching a three-month high, and it has already fallen to the $0.07 mark. The particular parameters that must be met for the Dogecoin price to turn positive were established by analysts at FXStreet.

The following circumstances will result in a bullish turn for dogecoin price.
The more than a year-long decreasing trend line for Dogecoin has been analysed by FXStreet analysts. Despite the broad bad trend, if DOGE price breaks out of its downtrend, it is likely to rise 6-14%. Check out the video below for specific price targets Whales abandon ship

Whales abandon ship

Similar to this, the advent of Shiba Eternity was a factor in the price increase of Shiba Inu. Shiba Inu and Dogecoin price increases are thought to be influenced by the accumulating activity of Ethereum whales and huge wallet investors. Nevertheless, on August 15, both assets are bleeding, with double-digit drops overnight, after providing gains of about 30% during the previous week.

The price of Dogecoin began to decline after reaching a three-month high, and it has already fallen to the $0.07 mark. The particular parameters that must be met for the Dogecoin price to turn positive were established by analysts at FXStreet.

The following circumstances will result in a bullish turn for dogecoin price.
The more than a year-long decreasing trend line for Dogecoin has been analysed by FXStreet analysts. Despite the broad bad trend, if DOGE price breaks out of its downtrend, it is likely to rise 6-14%. Check out the video below for specific price targets

The following circumstances will result in a bullish turn for dogecoin price.
The more than a year-long decreasing trend line for Dogecoin has been analysed by FXStreet analysts. Despite the broad bad trend, if DOGE price breaks out of its downtrend, it is likely to rise 6-14%. Check out the video below for specific price targets