CandleFocus How 270M Dogecoin Whale Buying Spree Hints at Near Price Bounce
2024-12-25
Author: Content Editor
Dogecoin whales, or large holders of the cryptocurrency, have been accumulating coins during the recent price downturn, indicating potential confidence in the future of Dogecoin. The crypto market has experienced uncertainty due to the Federal Reserve's projections, causing Dogecoin to drop by as much as 34%. However, whales have acquired 270 million Dogecoins worth around $90.4 million over the past four days. This accumulation suggests a possible bounce in price, and Dogecoin has already shown signs of recovery. Some analysts believe that the recent correction was expected and could set the stage for a larger rally. One analyst predicts a potential target of $18 for Dogecoin, while another suggests a more conservative target of $4.
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