CandleFocus 312,375,048 DOGE Hits Major Crypto Exchange Coinbase, What's Going On?
2025-02-26
Author: Content Editor
Over 312 million Dogecoin (DOGE) has been transferred to Coinbase, sparking speculation in the crypto community. The transactions were executed in three separate transfers, each carrying about $21.33 million worth of DOGE. It is unclear whether this move implies buying or selling, but it could be a strategic move by a major player or whale. The price of DOGE has rebounded slightly amidst a broader market crash, but it has been declining since reaching highs of $0.287 on February 14. The RSI suggests that sellers have an advantage, and if support at $0.195 is broken, DOGE may drop to $0.15. However, if the price rises and breaks over the $0.24 barrier, it could ascend to $0.31.
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