Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal?

Quick Summary:

According to Martinez, Dogecoin whales took advantage of the recent price correction, accumulating an impressive 210 million DOGE.  This activity underscores the growing interest in ‘smart money’, as large holders often accumulate during dips in anticipation of future price increases.

Related Reading: Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6 As Dogecoin remains within this range, traders and investors closely monitor the price action for signs of a breakout or breakdown.

On the other hand, failure to hold the $0.36 support level would likely lead to a deeper correction, with the potential to test lower demand zones as investors lose confidence in the short-term outlook.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Dogeusdt Dogecoin news Doge Dogecoin whales Dogecoin Dogecoin technical analysis Dogecoin price Dogecoin ATH Dogecoin Whale Accumulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 16:00:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 72 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24381577

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Main Topics: Crypto

Official Website: newsbtc.com

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