- DOGECOIN (DOGE) experienced a strong activity of whales, with 460 million DOGEs purchased during the recent drop, reflecting significant interest in investors.
- DOGE could undergo a rebound if the price increases to $ 0.35, which potentially triggered the liquidation of $ 766.45 million in short positions.
- The MacD of Dogecoin on the 4 -hour board shows a bullish crossover, signaling a passage from the downward momentum to the optimistic momentum.
- Doge follows the Gaussian canal model, with two potential races expected.
DOGECOIN (DOGE), the cryptocurrency of the peak meme, is currently facing turbulence on the market while it is trying to maintain key support levels. Despite the recent stabilization of Bitcoin after a net accident, the wider cryptography market remains in a neutral phase, leaving Dogecoin vulnerable to price fluctuations. During last week, DOGE experienced a drop in value of 16%, reflecting the instability of the recent market.
To date, the DOGE price is $ 0.3216, with a $ 3.97 billion negotiation volume and a market capitalization of $ 47.51 billion. The token has seen a decrease of 3.11% in the last 24 hours. Despite the short -term slowdown, Doge’s performance could move as key market factors are at stake.
Whale activity signals the rebound potential
Crypto analyst Ali Martinez has highlighted A significant accumulation of dogecoin by large investors, also known as “whales”. Martinez revealed that these whales bought 460 million DOGE during the recent drop in prices, indicating that some institutional investors consider current price levels as a purchase opportunity. This purchase pressure could support the price and help Dogecoin stay above critical support areas.
In addition, Martinez noted That if Dogecoin bounces $ 0.35, around $ 766.45 million in short positions could be liquidated. This could cause a “short pressure”, resulting in additional purchase activity and potentially lead to an increase in prices.
Haussiers technical signals for DOGE
Technical analysis also shows promising signs for the future action of Dogecoin prices. Tardigrade trader, a noted crypto analyst, high -end A potential macD bruise crossover on the 4 -hour graph. This crossover suggests that a short -term change in the mully of the bull’s bullshit could be on the horizon, signaling an opportunity for merchants to seize long positions because Doge can be started for a rally.
In addition, Tardigrade noted This Dogecoin currently follows the Gaussian canal model, which is considered a strong bullish signal. After leaving the canal during a red phase, Doge retests the average channel line, an action often associated with the start of a new upward trend. According to Tardigrade, two potential races could follow.
What is the next step for Dogecoin (Doge)?
While the cryptocurrency market is trying to regain stability, the future of Dogecoin remains uncertain but optimistic. The accumulation of whales and bullish technical indicators suggest that DOGE could undergo a short -term rebound if market conditions align. Despite the current volatility, the solid levels of support from Dogecoin and the key technical signals offer hope for a price reversal.
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