$DOGE
Is the Dogecoin explosion imminent? Whales are sweeping up goods + bullish signals are flying, targeting $0.45!
Dogecoin (DOGE), the popular meme coin, hasn't moved much in the past week, but everyone thinks it might skyrocket soon.
Why? Because those big players, namely whales and institutions, tend to quietly buy a lot at times like this.
A company called IntoTheBlock has found that large transactions of DOGE have recently increased by 42%, indicating that the big players have been active lately, possibly optimistic about the future.
Looking at technical analysis, DOGE seems to have broken through a pattern called the "bullish descending triangle," but is currently stuck at $0.38.
If it can break through and hold this price for a whole day, it might jump 15% to reach $0.45. If it can stabilize, it might even reach $0.57!
Moreover, DOGE's price is now quite close to something called the 200 exponential moving average (EMA), which is also a good sign, suggesting it may continue to rise.
It's not just technical analysis suggesting this; a company called Coinglass has looked at on-chain data and found that everyone is quite optimistic about DOGE. On the Bina platform, there are significantly more buyers than sellers, with a ratio of 3.45.
Additionally, among the top traders, 77% believe DOGE will rise, while only 23% think it will fall. This is the most optimistic sentiment towards DOGE since early October this year.
Currently, DOGE's price is about $0.37, having risen 4.15% in the past 24 hours. The number of traders has also increased by 8%, indicating that everyone is eager for it to continue rising.
I have also identified a potential dark horse coin that is about to soar; doubling is just a hop away! My broader goal is to carefully select a batch of potential coins that are likely to explode by the end of the year. I will share specific moves internally; click on my profile to find me and share directly!
