Dogecoin Whales Accumulate 310M Tokens Amid Dip, Suggesting Possible Breakout Near $0.25
Main Idea
Dogecoin whales accumulated 310 million $DOGE within 24 hours during a price dip, signaling potential confidence in a breakout above the $0.213 support level toward $0.250.
Key Points
1. Dogecoin whales purchased over 310 million $DOGE in 24 hours, indicating strategic accumulation at lower prices.
2. The price bounced from a critical support level at $0.213, with traders eyeing a breakout to the $0.240–$0.250 range.
3. Whale wallets now control over 72.6 billion DOGE, reflecting significant market influence and confidence in current price levels.
4. Breaking above resistance near $0.235–$0.243 could trigger a 28% rally, targeting the $0.240–$0.250 range.
5. The 24-hour trading volume exceeded $2.2 billion, supporting the potential for a breakout.
Description
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