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The Dogecoin market is changing rapidly, and investors are keeping a close eye on large transactions!

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Attention, fellow cryptocurrency traders! Dogecoin has been very active recently!

Although Dogecoin has not yet broken through the $0.4602 mark, did you know? Those big guys (whales) are not idle, and are quietly buying and selling a large number of Dogecoins!

I heard that the Dogecoins in their hands have risen by more than $100 million. It seems that the market is still very interested in Dogecoin.

Have you heard about two big transactions recently? One is 131 million Dogecoins, which went from an unknown wallet to Coinbase; the other is 117 million Dogecoins, which went to another unknown place! Once these money move, the market may have a big move.

These large transactions are like thunder before a storm, which makes people feel itchy. Now that Dogecoin is selling for more than $0.4, everyone is watching with wide eyes to see if they can catch some good news.

Moreover, the trading volume of Dogecoin has increased by 77% recently, and the demand is very hot. Maybe there will be another big rise!

An analyst named Javin Marks also predicted that the price of Dogecoin can increase by 400%! If this is true, Dogecoin will have to soar to $2.28! He now thinks that Dogecoin is in its third bull market, which is very similar to the time in 2017 and 2021.

From a technical point of view, Dogecoin is now like a small flag that is about to rise, and the rise is quite obvious. However, it is resting at $0.42 now. If it can pass the two hurdles of $0.45 and $0.5, it may have to go to $0.65.

Now, everyone is watching the support and resistance levels of Dogecoin. 0.4 USD is the current support level. If it holds, Dogecoin can continue to rise; if it fails, it may have to return to 0.35 USD.

Dear investors, we still need to pay more attention to the movement of Dogecoin. Maybe one day, Dogecoin will soar!

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