CandleFocus $100 Million Crypto Whales Purchase Could Rescue Dogecoin (DOGE) from Rough October
2024-10-04
Author: Content Editor
Crypto whales have recently purchased around 1 billion Dogecoin (DOGE), potentially providing support and reversing its recent losses. The number of coins held by large DOGE addresses has increased by 1 billion in the last two days, worth about $100 million. This accumulation by whales may make DOGE more attractive to investors and drive prices higher. The surge in Coin Holding Time and positive sentiment in the memecoin space could further contribute to DOGE's price rebound. The current technical pattern suggests that DOGE may no longer experience a significant downturn, with the potential to reach $0.17 if it breaks above resistance at $0.11. However, if rejected at $0.11, DOGE could drop to $0.092.
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