Now that the market is warming up, Dogecoin (DOGE) seems to be on the rise again. Why do I say that? Because a big shot, the so-called whale in the cryptocurrency world, bought 470 million Dogecoins in one go! That's not a small amount. On January 11, 2024, this big shot showcased the purchase on X (the former Twitter).
Look at this, the big shot had his eyes on Dogecoin when it was between $0.314 and $0.355. This price is simply a bargain; it feels like a great opportunity to buy at the bottom.
Currently, Dogecoin's price is hovering around $0.334, and it has risen by 4.5% over the past 24 hours. The trading volume has also increased by 15%, indicating that more and more people are starting to pay attention to Dogecoin, and the market atmosphere is gradually improving.
Looking at the technical analysis, Dogecoin is standing firm at the key position of $0.31, and it seems poised to rise. In the past, every time it reached this position, Dogecoin rebounded, and this time is likely no exception. Those experts and big shots probably see this opportunity too, which is why they dared to buy so much.
Additionally, Dogecoin is currently facing a minor resistance level at $0.34, but if it breaks through, a rise to $0.4 will be just around the corner, and it might even rise by 15%.
Looking at Dogecoin's Relative Strength Index (RSI), it's close to the oversold zone, indicating that Dogecoin might be about to rebound.
Overall, the atmosphere in the cryptocurrency market is still quite positive, although there is some pullback, it looks more like preparation for a rise. Especially after President Trump's inauguration on January 20, 2025, Dogecoin might just experience a significant surge.
So, friends, if you are interested in Dogecoin, now might be a good opportunity. However, investing carries risks; proceed with caution and remember to do your own research!
#非农数据大幅超出预期
As for the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, expecting a space of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market layout.
u post this after i just entered a postion .. lol 😆
TeeWildRift
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Bearish
$HBAR I read many posts in Square that traders, investors said that HBAR is going up, recover soon.
However, I don't think so. There are 2 reasons:
1. Traders worries about after heavily drop, remaining traders are buying will take profit even small amount. 2. Current long positions are still high that not good for dealer for a dump.
Furthermore, whales might sell remaining tokens to make a panic market to get lowest price.
Let's trade safe! Time will answer (of course I want it rises up)
Current price: 0.27864 Possibility reset marks: 0.255-0.260, even lower, keep an eye on the chart
I commented earlier to a YouTuber (who's always saying "buy the dip").you're buying for more profit (e.g., his XRP was at a $1.4 entry price). We're buying to mitigate the loss 🤣
Crypt_Studio
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I'm over the endless "Buy the Dip" mantra.
Here’s how it usually goes: you're told to "Buy the Dip," but no one mentions whether it's the last dip before a major crash. You invest, the market dips again, and now the advice is to "HODL."
HODLing might work for early adopters, but what about those stuck at a loss? They’re left holding on for years just to break even.
Meanwhile, the influencers urging you to buy? They're profiting by selling while you're buying the dip. Once the market recovers, the cycle begins anew: "Buy the Dip" all over again.
This oversimplified advice needs to go.
Instead of chasing dips blindly, a smarter strategy involves understanding market cycles, timing profits wisely, and learning how big players influence the market.
If you're done with repeating past mistakes, I’m here to share actionable, no-hype crypto investing strategies.
I think Elon from the beginning was doing a social experiment and wanted to show us that most people in this world are like a herd of sheep that can be easily led here and there.
Every time he mentions a meme token, many people flock to FOMO, and predictably the end result is that 90% of them experience losses. But still, those who only get a small hit will continue to do it by making people suddenly rich as their motivation. This is all not much different from gambling.
Only those who are really bankrupt will finally realize it, or those who are really sane from the start do not participate.
Investors will actually only invest in assets that have real uses. While gamblers only follow their lust to get rich quickly without thinking further.