Dogecoin Surges 10% as Whales Accumulate and Technical Breakout Confirmed
Main Idea
Dogecoin (DOGE) surged 10% due to significant whale accumulation and a confirmed technical breakout, indicating a bullish trend.
Key Points
1. Approximately 1.14 billion DOGE (around $227 million) was acquired by whales during the rally, with 800 million DOGE added since May.
2. Dogecoin surpassed the key $0.188 resistance level, confirming a technical breakout.
3. DOGE traded above its 100-hour simple moving average, reinforcing the bullish momentum.
4. The broader cryptocurrency market's positive sentiment contributed to Dogecoin's gains.
Description
Dogecoin (DOGE) has experienced a significant upturn, recording a 10% surge in the past 24 hours and decisively breaking above crucial resistance levels. This impressive rally is largely attributed to a combination of massive accumulation by large-scale investors, often referred to as “whales,” and a confirming technical breakout on its price chart, signaling renewed bullish … Continue reading "Dogecoin Surges 10% as Whales Accumulate and Technical Breakout Confirmed" The post Dogecoin Surges 10...
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