Dogecoin, the largest meme cryptocurrency, records a 2.07% fall during Tuesday’s trading session to reach $0.155. The selling pressure followed continued trade conflict between the United States and China, which kept the broader market on edge.

Thus, Dogecoin risks prolonged correction below $0.15, but renewed accumulation of crypto whales opens an alternate opportunity.

Whale Accumulation Provides Hope for Dogecoin Reversal

In a three-day downturn, the Dogecoin price plunged from $0.169 to its current trading value of $0.155—an 8.87% fall. This downswing marks a new lower high formation in the daily chart, signaling a sell-the-bounce sentiment intact among traders.

However, on-chain data highlights renewed accumulation from high-net-worth investors, signaling a firm belief in DOGE’s future potential.

In a recent tweet, crypto analyst Ali Marteniz pointed out that whales purchased over 800 million Dogecoin within the last 48 hours. The surge in whale purchases counters the negative sentiment building out this asset, as the crypto market has often bounced amid wide market panic.

🚨WHALE ALERT🚨

>800M $DOGE purchased in the last 48 hours.

Whales are entering $DOGE big time. Could be a major indicator of a strong lower low forming for $DOGE.

Don't be surprised to see a massive green candle on the $DOGE chart very soon.

Stay tuned for more updates! #Dogecoin $Dogecoin $cryptocurency

— Ali Martinez (@ali_crypto_).