Whale Activity: Dogecoin Transferred to Robinhood Platform

• A whale sent 150 million Dogecoin to the exchange as the price fell to $0.17.
• DOGE dropped below the 20 EMA, suggesting a decline to $0.14
• A buy signal appeared at $0.15 and the Open Interest indicated a possible bounce.

According to Whale Alert, 150 million Dogecoin (DOGE) worth $26.44 million, was transferred from an unknown wallet to Robinhood on March 12.

Although Coin Edition could not confirm if the 150 million coins had been sold, the deposit to the exchange suggested that liquidation was the intention.

Selling that amount of Dogecoin could be profitable considering how the coin has performed over the last few weeks. At press time, DOGE changed hands at $0.17, representing a 109.93% hike in the last 30 days. However, the memecoin’s bullish momentum has slowed down in the last 24 hours as the price traded sideways.

From the 4-hour DOGE/USD chart, the red candlesticks indicated that some traders had booked profits. Furthermore, the Relative Strength Index (RSI) was close to falling below the 50…

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