{"id":667840,"date":"2024-12-28T17:00:34","date_gmt":"2024-12-28T17:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=667840"},"modified":"2024-12-28T07:11:53","modified_gmt":"2024-12-28T07:11:53","slug":"dogecoin-whales-bought-over-90-million-doge-in-48h-details","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-whales-bought-over-90-million-doge-in-48h-details\/","title":{"rendered":"Dogecoin Whales Bought Over 90 Million DOGE In 48H \u2013 Details"},"content":{"rendered":"

Dogecoin is currently trading around $0.31, a level that has left investors in a state of uncertainty. The price has been stagnant, neither breaking down nor rallying, as it consolidates and prepares for what could be a significant move. This period of indecision has fueled speculation among DOGE enthusiasts, with many wondering if the popular meme coin is poised for a breakout or further decline.<\/span><\/p>\n

Related Reading: Bitcoin $90K Level Is Crucial For Bulls \u2013 Price Could Tag $79K If BTC Loses It<\/a><\/div>\n

Adding to the intrigue, crypto analyst Ali Martinez recently shared key data suggesting a potential bullish outlook for Dogecoin. According to Martinez, whales have accumulated over 90 million DOGE in the past 48 hours, a significant indicator of long-term optimism. Historically, whale activity has often preceded notable price movements, hinting at the possibility of renewed momentum.<\/span><\/p>\n

While the short-term outlook remains unclear, this whale accumulation could act as a strong foundation for Dogecoin\u2019s next move. However, the meme coin must overcome its current indecision before any substantial trend emerges.\u00a0<\/span><\/p>\n

Can Dogecoin rally and reignite its meme-driven hype<\/a>, or will it succumb to further consolidation? Only time will tell as DOGE approaches a critical juncture.<\/span><\/p>\n

Dogecoin Whales Prepare For A Move<\/span><\/h2>\n

Dogecoin has been navigating through a challenging phase, with its price experiencing significant drops in recent weeks. Despite the bearish sentiment dominating the broader market, whales have consistently taken advantage of the dip, signaling long-term confidence in the meme coin. This accumulation trend underscores the potential for a bullish reversal in the near future.<\/span><\/p>\n

Martinez recently highlighted compelling on-chain data<\/a>, revealing that whales purchased over 90 million DOGE in the past 48 hours alone. This buying spree adds to a growing trend of whale accumulation during the current market pullback. Martinez\u2019s analysis suggests that large-scale investors are positioning themselves for a long-term rally, viewing the current price levels as an opportunity rather than a risk.<\/span><\/p>\n

\"Dogecoin
Dogecoin Whale accumulation taking place | Source: Ali Martinez on X<\/a><\/figcaption><\/figure>\n

Historically, whale activity has often foreshadowed significant price movements and Dogecoin\u2019s current scenario appears no different. If DOGE can maintain its position above the crucial $0.31 level, the foundation for a massive rally will solidify. However, breaching this support could open the door to further downside, adding urgency to the current consolidation phase.<\/span><\/p>\n

Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern \u2013 Confirmation Could Take LINK To $14<\/a><\/div>\n

As accumulation continues and key support levels hold, Dogecoin\u2019s bullish outlook remains intact. Investors are now watching closely to see if this meme coin can capitalize on whale confidence and spark its next upward surge.<\/span><\/p>\n

Key Levels To Hold<\/span><\/h2>\n

Dogecoin is trading at $0.31, reflecting a tug-of-war between bulls and bears. Recent price action saw DOGE fail to reclaim the $0.35 mark, a key resistance level that needs to be broken for bulls to regain control. On the downside, attempts to break below $0.30 have also been unsuccessful, signaling strong demand at this level. However, the indecision leaves DOGE at a critical juncture, with both bullish and bearish scenarios still in play.<\/span><\/p>\n

\"DOGE
DOGE testing crucial liquidity | Source: DOGEUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

For bulls to reclaim momentum, Dogecoin must push above $0.37 and hold it as support. Breaking and sustaining this level would signal renewed strength, potentially setting the stage for a rally. Without this breakthrough, however, DOGE risks losing its current foothold.<\/span><\/p>\n

Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support \u2013 Top Analyst<\/a><\/div>\n

The broader market sentiment leans bearish, with many altcoins showing signs of vulnerability. If the market enters a deeper correction, DOGE could break below the $0.30 support. Such a move could trigger a cascade of selling, pushing the price as low as $0.20, a significant psychological level and historical support.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin is currently trading around $0.31, a level that has left investors in a state of uncertainty. The price has been stagnant, neither breaking down nor rallying, as it consolidates and prepares for what could be a significant move. This period of indecision has fueled speculation among DOGE enthusiasts, with many wondering if the popular meme coin is poised for a breakout or further decline. Related Reading: Bitcoin $90K Level Is Crucial For Bulls \u2013 Price Could Tag $79K If BTC Loses It Adding to the intrigue, crypto analyst Ali Martinez recently shared key data suggesting a potential bullish outlook for Dogecoin. According to Martinez, whales have accumulated over 90 million DOGE in the past 48 hours, a significant indicator of long-term optimism. Historically, whale activity has often preceded notable price movements, hinting at the possibility of renewed momentum. While the short-term outlook remains unclear, this whale accumulation could act as a strong foundation for Dogecoin\u2019s next move. However, the meme coin must overcome its current indecision before any substantial trend emerges.\u00a0 Can Dogecoin rally and reignite its meme-driven hype, or will it succumb to further consolidation? Only time will tell as DOGE approaches a critical juncture. Dogecoin Whales Prepare For A Move Dogecoin has been navigating through a challenging phase, with its price experiencing significant drops in recent weeks. Despite the bearish sentiment dominating the broader market, whales have consistently taken advantage of the dip, signaling long-term confidence in the meme coin. This accumulation trend underscores the potential for a bullish reversal in the near future. Martinez recently highlighted compelling on-chain data, revealing that whales purchased over 90 million DOGE in the past 48 hours alone. This buying spree adds to a growing trend of whale accumulation during the current market pullback. Martinez\u2019s analysis suggests that large-scale investors are positioning themselves for a long-term rally, viewing the current price levels as an opportunity rather than a risk. Historically, whale activity has often foreshadowed significant price movements and Dogecoin\u2019s current scenario appears no different. If DOGE can maintain its position above the crucial $0.31 level, the foundation for a massive rally will solidify. However, breaching this support could open the door to further downside, adding urgency to the current consolidation phase. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern \u2013 Confirmation Could Take LINK To $14 As accumulation continues and key support levels hold, Dogecoin\u2019s bullish outlook remains intact. Investors are now watching closely to see if this meme coin can capitalize on whale confidence and spark its next upward surge. Key Levels To Hold Dogecoin is trading at $0.31, reflecting a tug-of-war between bulls and bears. Recent price action saw DOGE fail to reclaim the $0.35 mark, a key resistance level that needs to be broken for bulls to regain control. On the downside, attempts to break below $0.30 have also been unsuccessful, signaling strong demand at this level. However, the indecision leaves DOGE at a critical juncture, with both bullish and bearish scenarios still in play. For bulls to reclaim momentum, Dogecoin must push above $0.37 and hold it as support. Breaking and sustaining this level would signal renewed strength, potentially setting the stage for a rally. Without this breakthrough, however, DOGE risks losing its current foothold. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support \u2013 Top Analyst The broader market sentiment leans bearish, with many altcoins showing signs of vulnerability. If the market enters a deeper correction, DOGE could break below the $0.30 support. Such a move could trigger a cascade of selling, pushing the price as low as $0.20, a significant psychological level and historical support. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":667841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,87298,90338,1803,1804,92024,91634,79600],"class_list":["post-667840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogecoin-doge","tag-dogecoin-accumulation","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-whale-accumulation","tag-dogecoin-whale-activity","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Whales Bought Over 90 Million DOGE In 48H \u2013 Details<\/title>\n<meta name=\"description\" content=\"Dogecoin consolidates around $0.31, with whales accumulating over 90 million DOGE in 48 hours. 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