70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash

Quick Summary:

Given this development, Martinez states that a Dogecoin price correction should be expected, as widespread liquidations often lead to a downtrend.   Analyst Cautions Against Selling DOGE After breaking out of this Ascending Triangle, Dogecoin appears to have returned to the apex, testing it as a new support zone and aiming to bounce off this level to continue its upward trend.

Moreover, the lofty Dogecoin transaction comes on the heels of a recent10% price crash in the meme coin.  Whales Move Over 70 Million Dogecoin To Binance The recent Dogecoin price crash may have triggered fear among investors, as DOGE whales are suddenly selling off their holdings.

This is because investors often move their holdings to crypto platforms like Binance when they plan to liquidate their positions.  The recent 70 million DOGE transfer is a large-scale market movement that could lead to increased volatility, potentially triggering more downturn for Dogecoin.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Doge price Dogeusd Dogecoin price Dogecoin news Dogecoin Doge DOGE news Dogeusdt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 21:00:36 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24986988

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