Large investors have poured $718 million into Dogecoin recently, signaling strong support above $0.1. This trend suggests a potential rally, closely linked to Bitcoin's bullish surge past $60,000.
Key Insights
Whale investors have bought $718 million worth of Dogecoin in the last week.
Dogecoin has maintained a price above $0.1, showing strong support.
Whale buying is concentrated between $0.1 and $0.12, indicating expectations of a price increase.
Dogecoin's price movements are increasingly tied to Bitcoin, which is in a bullish trend after surpassing $60,000.
Analysts foresee a possible bounce off the $0.1 support level and a future rally, with some even targeting $1.
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