Dogecoin’s price action tells a story of resilience and opportunity as DOGE trades at $0.1402, down 13.67% over the past month but holding firm at a critical support zone that’s attracted significant whale interest. The Buenos Aires tax payment approval triggered a defensive bid at $0.138, with whales scooping up 550 million tokens – a vote of confidence that helped establish this level as a potential floor. The main question for traders is: can this institutional accumulation and newfound utility catalyst spark the reversal that the inverse head and shoulders pattern suggests is building?

Dogecoin has tumbled 13.3% over the past month to $0.1408, erasing November’s gains as the broader crypto market cooled from its euphoric highs. The meme coin’s descent accelerated after rejection at $0.1857, but significant whale accumulation near current levels suggests institutional players see value at these prices – particularly with Buenos Aires’s groundbreaking decision to accept DOGE for tax payments. The main question for traders is: will this confluence of fundamental utility expansion and technical support hold, or are we headed for a deeper retracement to the $0.12 zone?