249 million Dogecoins transferred, Dogecoin may face a surge!
In particular, a big whale transferred Dogecoins worth over 100 million USD all at once, which is no small matter and has everyone thinking that Dogecoin might be on the rise! Although the price of Dogecoin previously spiked to 0.46 USD and then fell back a bit, this whale's activity has clearly stirred up the market.
These two large transactions total over 249 million Dogecoins, which is an astronomical number! The first transaction involved 131 million Dogecoins moving from a mysterious wallet to Coinbase, while the second transaction saw 117 million Dogecoins transferred from Binance to another secret wallet. Such a big move indicates that whales are quietly positioning themselves, possibly preparing for a major action, and the market is getting excited.
Experts, observing this situation, are predicting that Dogecoin is set to soar, with a potential price increase of 400%! An analyst named Javon Marks, based on previous trends and Fibonacci calculations, believes Dogecoin could reach 2.28 USD this time, which is much higher than the current price of 0.42 USD. He mentioned that Dogecoin is entering its third lucky period, similar to the previous two surges.
Not only do experts think so, but technical charts also indicate that Dogecoin may rise. The current chart resembles a small triangular flag, a shape that generally signifies an upward movement. Dogecoin is currently stabilizing around 0.42 USD, like it's gathering momentum for another surge.
If Dogecoin can break through the resistance levels of 0.45 USD and 0.50 USD, then reaching the expert-predicted price of 0.65 USD won't be far off. However, if the price cannot hold above 0.40 USD, it may drop back to 0.35 USD.
Right now, everyone is keeping an eye on Dogecoin, watching to see if it can hold its support level and break through the resistance level. Dogecoin truly evokes both love and tension, leaving us wondering what surprises it will bring next!
