Dogecoin Whale Dump Raises Correction Concerns Amid Rally

A massive Dogecoin whale just dumped 176.64 million DOGE ($25 million) onto Binance, sparking concerns of a potential correction despite a recent 4% price surge.

Dogecoin had been rallying, boosted by Elon Musk's $75 million donation to Donald Trump's campaign, but the whale sell-off has raised doubts about the coin's stability.

Currently trading at $0.1473, DOGE has jumped 32% in the past week. However, analysts warn of an overbought market, and the TD Sequential indicator suggests a short-term correction could be coming soon.

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