Dogecoin Erases 6-Month Downtrend as Whales Go on a Buying Spree after Amassing DOGE Worth a Whopping $140 Million

Dogecoin Erases 6-Month Downtrend as Whales Go on a Buying Spree after Amassing DOGE Worth a Whopping $140 Million
фото показано с : zycrypto.com

2024-10-8 20:47

As Dogecoin (DOGE) continues to stamp its authority as the apex meme coin, the altcoin recently made a major milestone after breaking out of a downtrend that started in March this year.

Market analyst Mikybull Crypto pointed out this development after DOGE surged past $0.118.

Source: Mikybull Crypto

Renowned market analyst Ali added, “Dogecoin looks strong! DOGE got an RSI and price breakout from multi-month downtrends, and $DOGE also got a buy signal from the SuperTrend indicator.”

Source: Ali Martinez

Therefore, this is a welcome move for Dogecoin since breaking above this vital downtrend line will trigger bullish momentum as long as the ninth-largest cryptocurrency stays above major support at the $0.105 zone.

Per CoinGecko data, DOGE was hovering at the $0.1099 level at the time of writing. 

Based on this analysis, Dogecoin will be primed for a major upward move if it breaches $0.12 and breaks above the 200-day exponential moving average (EMA).

Martinez shared similar sentiments that Dogecoin was primed to hit $0.15 if it surged past the $0.111 resistance since no major supply walls were in sight.

Dogecoin Whales are Igniting the Fire

Dogecoin whales have been on a buying spree, which has played an instrumental role in triggering the present upward momentum. 

Reportedly, whales recently purchased 1.4 billion DOGE worth a whopping $140 million, depicting heightened accumulation.

Source: Santiment

Meanwhile, due to its resilience, Dogecoin is being primed as one of the altcoins set to hit new all-time highs (ATHs).

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.3819 (-0.41%)
Объем 24H $8.41b
Изменеия 24h: -2.67 %, 7d: -4.76 %
Cегодня L: $0.3729 - H: $0.3865
Капитализация $56.093b Rank 7
Цена в час новости $ 0.1074 (255.59%)

doge dogecoin downtrend meme major made coin

Источник: zycrypto.com

doge dogecoin → Результатов: 126


Dogecoin Community Celebrates DOGE Day – What Is It All About?

Today, the Dogecoin community, including investors, traders, and enthusiasts, are rallying to celebrate “DOGE Day,” an annual event dedicated to the beloved doggy-themed meme coin, Dogecoin (DOGE). Related Reading: Kraken Sacks 15% Of Staff—A Strategic Pivot For Growth Or A Risky Gamble? As an unofficial holiday for the Dogecoin community, DOGE Day brings together different […]

2024-11-3 02:30


Фото:

Crypto Experts Believe This New ICO Will Surpass Dogecoin (DOGE) Becoming The Biggest Memecoin

Dogecoin (DOGE) has long held the title of a leading memecoin, captivating both investors and the general public with its unique blend of humor and financial potential. However, a new ICO, Mpeppe (MPEPE), is generating significant buzz and is being heralded by crypto experts as a potential challenger to Dogecoin (DOGE)’s dominance.

2024-8-20 21:43


Expert Forecasts 700% Growth For Dogecoin (DOGE) As It Sets Sights On $1 Target

Dogecoin (DOGE), the popular meme-based cryptocurrency, has demonstrated its resilience in the market with a 2. 5% price increase over the past 24 hours, reaching a trading price of $0. 1607.   Analysts, including Altcoin Sherpa and Ali Martinez, have recently shared optimistic predictions for DOGE’s future, suggesting further gains and potential for outperformance compared to other tokens.

2024-4-23 05:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can Dogecoin reach $1? THESE factors could be key!

Dogecoin’s 140% rally in November reignited discussions on reaching the $1 mark. Analysts debated the path to $1 for DOGE and the potential for a $100B market cap. Dogecoin’s [DOGE] recThe post Can Dogecoin reach $1? THESE factors could be key! appeared first on AMBCrypto.

Dogecoin tests critical support as 2 key areas see a rise

DOGE stabilized above $0.35 support zone amid increased whale transactions. Dogecoin's active addresses surged by 35% alongside its rising liquidation levels. Dogecoin [DOGE] has been hoveriThe post Dogecoin tests critical support as 2 key areas see a rise appeared first on AMBCrypto.

Dogecoin update: Why $0.42 is key for DOGE's next target

Dogecoin breaks below wedge pattern, but there's a potential double bottom at $0. 38 mark. DOGE's social sentiment rises as funding rates spike to new peaks. Dogecoin [DOGE] recently showed iThe post Dogecoin update: Why $0.