*Whales Are Moving the Dogecoin*đ¶đ¶
Martinezâs post says that in the last 48 hours alone, whales have accumulated nearly 1.40 billion worth of Dogecoins.
Usually, when a large whale accumulation occurs, the market tends to react positively with bullish signals.
Whales are large investors, who are considered long-term players in the market.
They only employ the strategy of accumulation when they are confident about its future.
In that sense, we can assume that long-term investors expect the price of Dogecoin to go up in the future.
In the last 24 hours, the DOGE price has experienced a positive change of 4.9%, as expected.
Looking at the daily chart of Dogecoin, we see a long bullish candlestick today.
At the start of the day, the price was just $0.10850. Right now, it stands at $0.11395, which is a considerable rise compared to other recent candlestick price movements.
At the beginning of the month, the price was around $0.09505. In the initial days of the month, the market appeared very dull.
It even slipped to a low of 0.09252 on September 6. However, things reversed on September 7, when a strong buying pressure emerged.
In the last seven days, the market has reported a rise of 8.6%
