In the midst of continuous market uncertainty, the largest Dogecoin (Doge) whale started to show interest and take a big step. On March 10, 2024, a prominent crypto analyst shared a message about X (formerly Twitter), which showed that the largest doge -walvis has collected significant coins of 1.7 billion in the past three days.
Dogecoin whale eyes on large rally
This substantial accumulation by the largest whale was observed when the price of doge had fallen considerably and reached a crucial level of support. It also seems that there is a big move to come for. After this massive accumulation, the Meme Munt again regained its crucial level and shows the drawing of a further price jump.
Current price momentum
DOGE currently acts almost $ 0.174 and has registered a price decrease of 8% over the past 24 hours. In the same period, trade volume increased by 150%, indicating an increased participation of traders and investors, because the price reached a crucial level of support.
Dogecoin (Doge) Technical analysis and upcoming levels
According to the technical analysis of experts, DOGE remains in a bullish condition and is close to the crucial level of $ 0.18, which has a history of strong price -rises. Based on recent price action and historical patterns, if the meme currency owns this level of $ 0.18, there is a strong possibility that it could rise by 36% in the coming days to reach $ 0.24.
Despite the continuous price recovery, Doge’s Relative Strength Index (RSI) remains low at 33, indicating that it actively lacks the strength to rise. However, if sentiment improves and the accumulation continues, its power can recover quickly.
$ 63 million in doge outflow
In addition to the enormous accumulation by the largest whale, data from Coinglass It appears that investors and long -term holders have moved to doge from fairs for the past 24 hours for $ 63 million, which indicates potential accumulation.
When accumulation and outsource of stock exchanges begin to act, this may indicate a price increase instead of a decrease.
Credit : coinpedia.org
