CandleFocus Over 107 Whales Push Dogecoin Price to 3-Year High: Will More Whales Join the Rally?
2024-11-12
Author: Content Editor
Dogecoin is experiencing a surge in market activity, driven by increased interest from retail investors and a re-entry of whales into the market. While smaller retail wallets have increased significantly, larger wallet categories have decreased. The rally has pushed Dogecoin's price above $0.40, its highest level in over three years. The sustained momentum of Dogecoin depends on accumulation by both retail investors and large stakeholders. Data suggests increased interest from long-term holders, reflected in sharp increases in outflows from exchanges. Analysts are closely monitoring Dogecoin's price trajectory, with technical patterns suggesting the potential for a significant price surge.
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