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According to recent statistics, Dogecoin seems to be finally regaining its momentum: an increase of 3.3% in 24 hours and 18.5% in one week. This return can be explained by several favorable factors, including a resurgence of massive purchases of market “whales”. A recent transaction worth 1.4 billion DOGE coins has attracted the attention of investors and could reignite the bullish momentum of this crypto meme.
Dogecoin Whales: The Big Fish Resurface
Dogecoin whales, this memecoin is currently experiencing a spectacular rise, are return in the crypto arena and they didn’t come up empty handed. According to recent analysis shared by Ali Martinez, a colossal transaction of 1.4 billion DOGE, or $140 millionwas completed in 72 hours. Just that.
Of course, these massive transactions do not go unnoticed and strengthen hopes for a new rally for Dogecoin.
Whales are well known for their ability affect the crypto marketsand every large purchase forces investors to closely monitor the development of DOGE. 22% price increase. in the last month he could prove these big investors right.
As another would say, it is better to swim with the big fish than against the current.
- 122% increase in 24-hour trading volume;
- Up 10.63% in a single day;
- Price explosion up to $0.121.
Crypto DOGE: Towards a New Upswing?
Dogecoin’s fundamentals are strong today. Bolstered by this wave of large-scale transactions, DOGE displays impressive performance. In addition to a spectacular 14% increase in one week, Dogecoin also managed to do so break through significant technical resistanceespecially a breakout of the RSI (Relative Strength Index).
To top it all off, the super trend indicator shows clear buy signalswhich confirms the growing interest of investors in this memecoin. And in this universe, a good pointer is worth a thousand words.
As Martinez sums it up very well“The market is sending strong buy signals such numbers, DOGE could very well surprise us in the coming days.” Altcoin enthusiasts have reason to rejoice!
Moreover, Dogecoin miners are also playing their card in this bullish dynamic, which could lead to a real explosion of this memecoin.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.