Whales increase their holdings by 50%, Dogecoin rebounds strongly, is the next outlet coming?
The cryptocurrency market in early August was a disaster, and all kinds of coins fell sharply. However, the good news is that many coins are starting to rise slowly, especially Dogecoin, the star of the Internet celebrity coin world. Everyone says that it can create glory again and break historical records. But then again, to reach that height, Dogecoin still needs to work harder.
Speaking of Dogecoin, we have to mention those "whale" bosses, who hold a huge amount of Dogecoin in their hands. In the past month, the number of these bosses has directly increased by half, and they are all quietly increasing their positions. It seems that they are quite confident in the future of Dogecoin.
Now in the market, many people bought Dogecoin when the price was low, and now they have made a lot of money. But some people bought it a little early, the price was a little high, and now they are still losing money. But it doesn't matter, the market is always ups and downs.
From a technical point of view, although Dogecoin has some bearish signs, the on-chain data shows that it is slowly recovering. If more and more people buy it, the price of Dogecoin is likely to break through the current resistance level and rise to $0.13.
Moreover, Dogecoin has recently broken through an important pattern, which indicates that it may rise sharply to $0.5! Now Dogecoin's position in the market is becoming more and more stable, attracting the attention of many investors.
I am personally very optimistic about the future of Dogecoin. I think in the short term, as long as more people continue to buy, the price of Dogecoin will definitely rise again, and it may really reach $0.13. In the long run, the potential of Dogecoin cannot be underestimated, let's wait and see!
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