We're thrilled to present a limited-time offer for the "Write to Earn" promotion on Binance Square! Sign up now to earn up to 30% commission rewards and share a daily prize pool of 1 BNB.
Campaign Period: 2024-12-03 00:00 to 2024-12-09 23:59 (UTC)
✅How to Participate:
1. Register on the “Write to Earn" promotion page.
2. Make a qualifying post with any coin cashtag (e.g., $BTC ) and at least 50 characters. Post every day to maximize your chances!
💰Rewards:
Share a daily 1 BNB prize pool by making a qualifying post. Post every day, win every day!Earn up to 30% in trading fee commissions from your readers' trades via your content.
Don't miss this chance—opt-in now and start posting daily to maximize your earnings!

Click here to check the full campaign announcement, terms, and conditions.
This campaign may not be available in your region. Creators who already registered for the "Write to Earn" promotion are automatically eligible for this campaign and do not need to register again.Each day runs from 00:00 (UTC) to 23:59 (UTC).

KEY POINTS:
- Dogecoin Whale Buys 470 Million DOGE, Signaling Bullish Momentum
- DOGE Price Surge: Whale Activity and Key Support Levels Point to Potential Rally
Amid the ongoing market recovery, Dogecoin (DOGE) appears promising as whales show strong interest and confidence in the world’s largest meme coin.
Whale Buys 470 Million DOGE
On January 11, 2024, a prominent crypto expert posted on X (formerly Twitter) that crypto whales have purchased a significant 470 million DOGE in the past 48 hours.

Looking at DOGE’s daily chart, it appears that this significant purchase of DOGE occurred between the $0.314 and $0.355 levels. This data indicates that the current price range might present an ideal opportunity to add or buy more meme coins.
Current Price Momentum
Currently, $DOGE is trading near $0.334 and has experienced a price surge of over 4.5% in the past 24 hours. During the same period, its trading volume jumped by 15%, indicating that more investors and traders are engaging with the token as sentiment appears to be quietly improving compared to the past few days.
Dogecoin (DOGE) Technical Analysis and Upcoming Level
However, DOGE has found support at the crucial $0.31 level and is poised for upside momentum. Historically, the meme coin has bounced off this support level multiple times, each time witnessing significant upward momentum. This time, experts and analysts are speculating a similar outcome for DOGE, which explains the reason behind the 470 million accumulation.

Source: Trading View
According to expert technical analysis, DOGE is currently facing minor resistance at $0.34 and appears to be struggling to breach this level. Based on recent price action, if DOGE surpasses this resistance and closes a daily candle above the $0.345 level, there is a strong possibility it could rally by 15% to reach the $0.40 level in the near future.
RSI Signals Recovery Potential
In addition, DOGE’s Relative Strength Index (RSI) is nearing the oversold area, indicating a potential recovery that could unfold in the coming days.
Bullish Trends with a Correction Phase
As of now, the sentiment across the cryptocurrency landscape is bullish, though it appears to be part of a price correction. However, significant upside momentum might be witnessed after the inauguration of President-elect Donald Trump information scheduled for January 20, 2025.
#DOGE #Share1BNBDaily #Altcoins! #Write2Earn

KEY POINTS:
- The crypto market experienced a significant drop in the past week, with most major cryptocurrencies declining.
- The market correction has sparked a rise in selling pressure and increased bearish sentiment among traders.
- Experts suggest that heightened bearish sentiment, as observed in previous bull rallies, could be a precursor to a market rebound.
The cryptocurrency market has faced a sharp decline this week, with its total market capitalization dropping by 5.86%. This sudden downturn has sparked a wave of selling activity and intensified bearish sentiment, leaving traders on edge. But could this be a blessing in disguise?
Historically, when the market leans too far into pessimism, it has often set the stage for unexpected rallies.
Let’s break down the numbers and explore what this could mean for the days to come.
Crypto Market Weekly Trends
The week started on a strong note, with the market reaching a high of $3.54 trillion on Monday, January 6. However, the optimism was short-lived. By Tuesday, January 7, the market had suffered a single-day loss of 5.69%.
The downturn continued, with the market bottoming out at $3.16 trillion on Thursday. Despite buyers attempting to recover ground on Friday, January 10, the market managed only a 2.21% rise—far below the 11.07% needed to reverse the earlier losses.

Major Cryptos Take a Hit
The downturn affected almost all leading cryptocurrencies:
- BTC dropped by 3.9%
- $ETH fell by 9.8%
- $XRP declined by 4.6%
- BNB lost 3.6%
- Solana plunged by 14%
- $DOGE and Cardano each tumbled by 14.9%
Rising Crypto Selling Interest: What It Means
Reports indicate that the crypto market decline has triggered a sharp rise in selling interest among crypto traders. Rising selling interest in the crypto market is something that requires extreme attention because it can strongly pull crypto prices downwards.

A Sign for Reversal?
Historically, periods of strong bearish sentiment have often preceded market recoveries. During past Q4 rallies, excessive pessimism among traders marked the beginning of price rebounds.
Experts point out that the current wave of negativity could be following a similar pattern. While the market remains volatile, the growing bearish sentiment may actually indicate a potential recovery in the near future.
Despite a challenging week for crypto traders, the heightened bearish mood might hint at a turnaround. History shows that when sentiment becomes overly negative, a market rebound often follows. For now, traders may find hope in the possibility of a bullish recovery ahead.
#Market_Update #MarketSentimentToday #Share1BNBDaily #Write2Earn