In an apparently dull market, whales and cryptographic investors have found ideal conditions today, as evidenced by Dogecoin (DOGE) investors. An eminent expert in crypto on X (formerly Twitter) displayed that the crypto whales have bought nearly 110 million Doge purses in the last 48 hours.
Current price momen
Despite substantial purchases by cryptocurrencies, the Doge price remains unchanged, showing no significant movement. Currently, the same part is negotiated almost $ 0.25, with a modest increase of 0.80% in the last 24 hours.
However, during the same period, merchants and investors showed a strong interest in the memes room, which resulted in a 25% increase in the volume of trade.
DOGECOIN (DOGE) ACTION OF PRICES AND STANDS
Currently, DOGE is at a crucial level of support of $ 0.245, which has a history of high price reversals. According to an expert technical analysis, DOGE Seems to form a double bullish switch motif on the daily time, although the model is not yet finished. In addition, the same part is faced with slight resistance from the exponential mobile average (EMA) on the daily time.
On the basis of the impulse of historic prices, if Doge sets up and closes a daily candle above the level of $ 0.263, there is a high possibility that it can increase by 20% to reach $ 0.31 in the next days.
Chanting uptime metrics
Despite a low price action and the uncertainty of the market, investors and long -term holders have shown strong interest in assets, as reported by the chain analysis company Rinsing. The data from the occasional inputs and outputs reveal that the exchanges have witnessed a continuous and substantial Doge exit worth millions of dollars, indicating potential accumulation.
In the past 24 hours, the exchanges have recorded an exit of $ 9.25 million, indicating potential accumulation and possible purchase pressure.
In addition to the bullish prospects of long -term holders and investors, intraday traders also show optimism. At the time of the press, the major liquidation levels are $ 0.248 on the lower side and $ 0.263 on the upper side, with intraday traders over-placed at these levels. In addition, the data reveal that the bulls currently dominate the room even and could support its next rally.