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Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level – Details

NewsBTC LogoNewsBTC15h ago

Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level – Details - NewsBTC

Quick Summary:

Despite this setback, the meme coin leader still maintains a bullish structure, holding above a crucial demand zone.  Related Reading: Bitcoin Faces Major Deleveraging – Analyst Explains Price Crash Below $100K Renowned crypto analyst Ali Martinez recently shared compelling on-chain data, revealing that whales have been actively accumulating DOGE during this downturn.

With the broader market searching for direction, DOGE’s ability to maintain its bullish structure could pave the way for a substantial rebound.  Dogecoin Prepares For A Big Move Dogecoin is demonstrating resilience as it holds firm above the $0.33 mark, despite a notable drop from its recent local highs.

This surge in whale activity during a period of price consolidation underscores a growing confidence among large holders in Dogecoin’s long-term prospects.  Historically, such accumulation has often been a precursor to significant price movements, as institutional and high-net-worth investors position themselves for the next big move.


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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 02:00:49 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 66 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25072577

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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