Recently, a transfer of more than 100 million Dogecoins has attracted widespread attention from the market.
The transaction involved more than 249 million Dogecoins, which were transferred from a mysterious wallet to Coinbase and Binance. The market reacted strongly to this, and everyone speculated that Dogecoin may usher in a new round of increases.
Although the price of Dogecoin once rose to 0.46 mg and then fell back, this whale operation has obviously brought new heat to the market.
Some analysts predict that Dogecoin may rise sharply, and it may even rise to 2.28 mg. The technical chart shows that the current trend of Dogecoin is similar to a bullish triangle flag, with prices stabilizing around 0.42 mg. If it breaks through the resistance of 0.45 mg and 0.50 mg, the target price may reach 0.65 mg. However, if the price falls below 0.40 mg, it may fall back to 0.35 mg. The market is paying attention to whether Dogecoin can break through the current bottleneck, and there may be surprises next.