Recent on-chain data reveals that large-scale DOGE ($0.40) whales have accumulated 200 million Dogecoin $0.388394 over the past 48 hours. This activity often signifies an optimistic price movement, as whales typically expect upward trends following such accumulation.
Whale Investments and Market Expectations
According to expert Ali Martinez, the addition of 200 million DOGE by whales signals a strong bullish trend. This accumulation is seen as a sign of growing confidence in the asset and may reflect a tendency to predict market movements proactively.
The increased accumulation of Dogecoin by whales indicates a positive market sentiment.
Dogecoin Price Targets and Technical Analysis
Currently, Dogecoin is maintaining a critical resistance level at $0.36, suggesting it may trend upwards. If the bullish trend continues, analysts indicate that the price could surpass $0.40 or even higher.
If Dogecoin exceeds the $0.40 level, it has…
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