Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level – Details
Author: Content Editor
Renowned crypto analyst Ali Martinez has shared on-chain data that shows whales actively accumulating Dogecoin (DOGE) during the recent market downturn. Over the past 48 hours, large holders acquired over 470 million DOGE tokens, indicating confidence in the asset's potential recovery and long-term value. This accumulation suggests strong institutional and whale interest in DOGE, even as the overall market remains uncertain. Dogecoin has shown resilience by maintaining its bullish structure above the $0.33 mark, which serves as a key demand zone for potential recovery and upward momentum. The surge in whale activity during a period of price consolidation is a positive sign for DOGE and could potentially lead to significant price movements. With smart money actively accumulating, Dogecoin may attract renewed retail interest and reclaim higher levels. However, the price needs to break above the $0.40 mark and hold it as support to inspire confidence among investors. Failure to overcome resistance levels could result in prolonged consolidation or a retest of lower support zones. The coming days will be crucial in determining DOGE's direction.