While Dogecoin has seen recent price increases, large transaction activity from whales has decreased significantly. The number of high-value transactions now stands at just four, a 60-day low according to data shared by cryptocurrency analyst Ali Martinez. This decline coincides with the token testing key support levels in early 2024 and trading below its 200-day Exponential Moving Average (EMA). Although recent price gains have been observed, momentum has weakened since the June-September rally as evidenced by persistent negative RSI readings. Despite this price fluctuation, large-holder activity is at its lowest level for 60 days according to Martinez’s analysis.