DOGE Price Rallies Over 6% After Whales Buy 1B Dogecoin – Is $0.30 Likely?
Main Idea
Dogecoin (DOGE) price surged over 6% in 24 hours, driven by whale accumulation of 1 billion DOGE and speculation around a potential Dogecoin ETF approval.
Key Points
1. Dogecoin price increased by 6% in 24 hours and 17.75% in the past week, trading at $0.2365.
2. Whales accumulated 1 billion DOGE ($200 million), with large-holder ownership nearing 50% of the supply.
3. Bloomberg ETF analysts raised the odds of a spot Dogecoin ETF approval to 90%, citing potential altcoin ETFs including DOGE and XRP.
4. Key resistance levels are at $0.263, with a breakout above $0.242–$0.245 potentially leading to further gains toward $0.25–$0.26.
5. Dogecoin has reclaimed its 30-day simple moving average (SMA), with RSI indicating bullish momentum.
Description
Dogecoin (DOGE) has surged more than 6% in the past 24 hours, sitting above a resilient $0.2307–$0.227 support zone. The crypto has rallied 17.75% in the past week, despite a small retrace. Doge is trading at $0.2365 at press time according to CoinMarketCap data . Source: Trading View If bullish momentum continues, the chart signals a potential 18.19% surge, targeting the $0.26 zone. Besides, the rally is spurred by strong institutional interest, following whale accumulation of 1 billion DOGE ($...
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