#加密市场回调 Dogecoin (DOGE) suddenly hit hard by 'whales', plummeting 11%, will the dream of $0.95 shatter?

Recently, the sharp decline in Dogecoin (DOGE) prices has drawn significant attention from investors, especially after Whale Alert tracked a massive deposit of over 70 million Dogecoins, which sparked widespread discussion in the market.

According to related reports, the Dogecoins involved in this transfer were moved by an anonymous whale to the world's largest cryptocurrency exchange - Binance. The transaction was valued at over $27.6 million, indicating potential actions by whale holders in the market.

Typically, when large assets are transferred to an exchange, it often suggests that investors may be preparing to sell. Such large-scale capital flows can exacerbate market volatility and increase downward pressure. The quantity of Dogecoins transferred is substantial, coinciding with a market price decline, with DOGE's price dropping over 11.2% in the past 24 hours. Given Dogecoin's extreme sensitivity to market changes, sentiment among market participants regarding further declines is beginning to spread.

From a technical perspective, Dogecoin has shown sell signals on its daily chart, and based on TD sequence judgments, Dogecoin's price is expected to undergo a correction. This type of market liquidation typically triggers price declines, increasing the risk of Dogecoin continuing to fall in the short term. Despite recent indications of a technical correction, the long-term outlook for Dogecoin remains optimistic. Charts indicate that Dogecoin has broken through an ascending triangle and is retesting its vertex as a support area, a technical pattern suggesting that Dogecoin is likely to rebound after the breakout, potentially driving the price up to new highs of $0.95.

Although the market currently faces some uncertainty, investors should not rush to sell or short DOGE. Premature selling could miss out on the opportunity for Dogecoin to rise, especially as the market is still in a critical breakout phase. Investors should remain vigilant, waiting for DOGE's price to rise further or confirm support levels. Finally, I would like to share a potential coin that I have recently been watching; in the short term, I see a 5-10x opportunity. For those interested, you can check out the Ethereum chain's ͜p͜͡u͜͡p͜͡p͜͡i͜͡e͜͡s͡#美国非农数据即将公布 #DeFAI热点 #币安MegadropSOLV #BNB纳入不丹GMC加密战略储备 .