Is it still worth taking the risk with doge?

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Since mid-November, retail buying and selling of DOGE has stagnated as large HODLers have tightened their grip on the market, as shown in the chart below.

The control of major players and large shareholders continues to strengthen, impacting the DOGE market, which is a trend we are highlighting for the first time on AMBCrypto.

However, an interesting shift is occurring: retail buying activity is fading, and the focus is shifting back to DOGE's weak fundamentals. Therefore, we may see the recent surge as whales profiting from the “dip” rather than a genuine shift in market sentiment.

In the short term, whale-driven purchases may push DOGE back to the $0.40 mark. But the real test will come after that.

To see the memecoin soar to $0.48-$0.50, it requires more than just wishful thinking. The bullish momentum of Bitcoin, a new influx of retail capital, and whales relinquishing their manipulation are key.

If all these factors align, then DOGE is likely to break through. But without them, investing in this memecoin may still be a risky bet.

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