Will the debate among Dogecoin holders about profittaking lead to a pullback

CoinJiexi.com reported:
Is Dogecoin at the forefront of a bearish pullback after its recent rebound?
On-chain data shows a continued demand despite signs of potential profit-taking.
Dogecoin [DOGE] has experienced its most optimistic two weeks in months.
However, its impressive performance has now entered overbought territory, raising doubts. Should traders take short-term profits or wait for further potential gains?
At the time of writing, Dogecoin is trading at $0.145, up 41.95% from its lowest point in October so far.
In other words, Dogecoin bulls have been busy launching strong attacks against bears.
But will the Dogecoin bulls rest? Based on historical performance, the meme-coin king is expected to face resistance above the $0.141 price range.
Bulls have broken through this price point, but in the past three days, they have clearly struggled to maintain momentum above this price.
DOGE’s RSI is already in overbought territory, indicating that bullish momentum is cooling off.
Similarly, a slight decline in institutional money flow after overbought conditions suggests that some traders are starting to take profits.
Despite increasing resistance, the bulls continue to show resilience, with no signs of rushing to take profits.
This indicates that the majority of Dogecoin holders expect prices to continue rising. At the time of writing, DOGE’s price trend is significantly below its high point since the beginning of the year.
Will Dogecoin trigger profit-taking?
Data from IntoTheBlock indicates that at the current price level, 80% of Dogecoin holders are in profit.
Only 16% are in the red, meaning there is significant demand within the range close to the bottom.
Large fund holders saw a strong bullish trend, with a rebound from 27.45 million DOGE on October 20th to 1.08 billion DOGE on October 21st.
On the other hand, outflows from large holders rebounded from 52.23 million to 392.2 million during the same period. This confirms a significant increase in selling pressure from whale category.
However, the inflow of funds into major shareholder accounts is significantly higher, explaining why prices have maintained recent gains.
Evaluation of Dogecoin exchange flow also shows that the peak of outflow reached 422.56 million DOGE on October 21st. Inflow slightly lower at 371.71 million DOGE.
Reality or not, this is the market value of DOGE under BTC conditions.
However, AMBCrypto pointed out that the influx of funds on October 18th surged significantly higher than the outflow during the same period.
This is the first possible indication of increased selling pressure. However, since then, outflows have once again taken the lead over inflows.