According to CoinMeta, Doge Coin ( DOGE ) attempted a small rebound on Wednesday, with the current trading price at around $0.068, slightly higher than the year-low of $0.066 on Tuesday. However, continuous large-scale selling by whales and weak market indicators suggest that this meme coin still faces the risk of further losses. On-chain data shows that since November 3rd, three types of whale wallets have sold a total of approximately 750 million DOGE, including addresses holding between 100,000 and 1 million coins, 10,000 and 10 million coins, and 10 million to 100 million coins. The reduction in holdings indicates that market participants chose to reduce their positions rather than increase them during the decline. The technical outlook for Doge Coin remains bearish, and if it cannot hold above the $0.065 support level, it may continue to fall to new lows.