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Whale of Dogecoin sweeps 210 million DOGE! Is a bull market coming again?

#DeFi全线飙升

Dogecoin ($DOGE) is on fire again! At the beginning of the year, it surged by 220%, then pulled back by 25%. Retail investors are still pondering, but the whales are not hesitating, taking advantage of the dip to buy 210 million DOGE in one go!

With this "smart money" move, is DOGE about to welcome a new wave of rebounds? Let's take a look at the story behind this!

Whales' big move: 210 million DOGE in hand!

According to data from Santiment, Dogecoin whales have been busy lately, buying in at low prices and accumulating 210 million DOGE. This shows that even though DOGE's price is fluctuating, the big players still have confidence in it.

When whales move, it often indicates good news, suggesting that major players are planning big moves. It has been like this in the past; during economic downturns, if whales increase their holdings, they are betting on future price increases.

Is DOGE poised for takeoff?

Currently, the price of DOGE is $0.41, with $0.36 being strong support and $0.48 as resistance. The price fluctuates, reflecting the tug-of-war between bulls and bears, waiting for a catalyst to drive the next big market trend.

If it rises: If DOGE can break through $0.48, it would be impressive, and it might return to previous highs.

If it falls: If the support at $0.36 breaks, it could be troublesome, and market confidence would be shaken.

Why are the whales' actions so important?

Dogecoin has always been a favorite among retail investors, but this time the whales' actions show that institutions are starting to pay attention. Big players buying at low prices is a long-term bullish signal.

This trend is like "smart money" preparing for a big rise. Is Dogecoin about to transition from small-time antics to a serious asset?

What’s next for Dogecoin?

Now everyone is watching the whales, to see if they can lead a new wave of enthusiasm for Dogecoin:
Resistance level of $0.48: If it breaks through here, a new bull market may just be coming!

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