Despite a drop of 21.6% in the last seven days, Mastiff DOGE / USD Whales and traders remain optimistic, waiting A strong recovery.
What happened: Crypto Trader Master Kenobi compared The action of current Dogecoin prices in 2017 rather than 2021, which suggests that a similar model takes place.
If this historical trend continues, Doge could see a major summit by April 2025.
Another, late merchant echoes this feeling, declaring that Dogecoin has probably already hit a local background and could be on the right track for new heights of all time.
DOGE began to negotiate in early 2017 with three zeros in its price in early 2017 and managed to erase a zero by June 2017, marking its first Bull Run.
Benzinga’s technical analysis indicates that the Relative force index of Dogecoin (RSI) is 19 years, which implies that DOGE is occurring and could be ready for a short -term rebound.
The simple mobile graphic (SMA) suggests that DOGE is at a cross point, referring to a potential tendency reversal.
Read also: Exclusive: justified Dogecoin ETF, no more possible meter currency, says the ILO of the bit
Why is it important: Crypto Chart analyst Ali Martinez revealed that the whales took advantage of the recent drop in Dogecoin, accumulating 750 million Doge, a decision that signals strong confidence in the market.
Meanwhile, quince data shows a 38% drop in the negotiation volume for Dogecoin derivatives in a single day, while open interest dropped by 2%.
In the past 24 hours, Total Doge liquidations have reached $ 6.4 million, with $ 5 million in long liquidations.
Add to the case increased, Graycale recently launched a new trust To offer an exposure to institutional investors in Dogecoin, highlighting its low -speed transaction benefits.
Read then:
Image: Shutterstock
This content was partially produced with the help of AI tools and was examined and published by Benzinga Editors.
Do not miss a beat on the equity market. Get real -time updates on moving to superior actions and trading ideas on Benzinga India Telegram Channel.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.