Dogecoin Whales Buy 230 Million DOGE in 24 Hours as Price Breaks Key Level
Main Idea
Dogecoin whales purchased 230 million DOGE in 24 hours as the cryptocurrency's price broke a key resistance level, signaling potential for further gains.
Key Points
1. The crypto market cap reached $3.87 trillion, with altcoins like Ethereum and XRP outperforming Bitcoin.
2. Whales bought 230 million DOGE in a day, following a previous surge of 1 billion DOGE on August 6.
3. Dogecoin's price broke a key resistance level, with potential to target $0.28–$0.29 if it clears the $0.216 barrier.
4. DOGE held above a critical support zone ($0.165–$0.202), which is essential for maintaining its bullish trend.
5. If DOGE fails to surpass $0.216, it may face selling pressure and a potential drop to $0.16.
Description
Crypto market cap climbs to $3.87T, altcoins outperform Bitcoin’s gains. Whales buy 230M DOGE in a day, following August 6’s 1B DOGE surge. DOGE eyes breakout above $0.22, could target $0.28–$0.29 next. The crypto market shows a strong recovery rally today, with its total market value climbing to $3.87 trillion, up 3.59%. Altcoins surged over Bitcoin’s modest gains of just over 2%, as Ethereum jumped more than 7% to cross $3,900, and XRP surged nearly 13% on lawsuit dismissal news. Dogecoin, Car...
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