CandleFocus Dogecoin Whales Pump Memecoin With $214.5 Million Purchase
2024-11-21
Author: Content Editor
Dogecoin (DOGE) whales have accumulated over 550 million DOGE, worth $214.5 million, in the past week, hinting at a potential bullish trend. This comes as DOGE approaches a crucial resistance level at $0.42. If it breaks above this level, it could set the stage for a new all-time high at $0.73 and potentially reach a target of $0.83. Additionally, there has been a surge in on-chain activity, with Dogecoin's daily active addresses exceeding 1.33 million, indicating growing demand and positivity for the cryptocurrency. DOGE is currently maintaining a strong position above the $0.36 support level and needs to establish $0.45 as a new support floor to continue its upward momentum.
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