What does a 50% increase in 30 days signify for DOGE in the Dogecoin whale market?


According to statistics compiled by IntoTheBlock, the number of Dogecoin wallet addresses containing more than 10 billion DOGE increased by 50% in the last 30 days.

Almost half of all Dogecoin wallet addresses are resting on losses that have not been recognized yet.

Doge may see gains of 12% and re-enter the $0.1145 range.

There was an increase in the number of whale wallet storing Dogecoin (DOGE), the biggest meme coin in the cryptocurrency ecosystem. The number of wallet addresses holding more than 10 billion DOGE has increased by 50%, according to data from the on-chain intelligence tracker IntoTheBlock.

The current price of DOGE is $0.10227.

The meme currency Dogecoin is being snatched up by whales during dips.
Large wallet investors amassed Dogecoin within the last 30 days, despite the crypto market fall. The number of wallets holding more than 10 billion DOGE coins has grown by 50%, according to statistics from IntoTheBlock.

Wallets containing varying quantities of DOGE tokens exhibit minor fluctuations in the aforementioned chart. When selling pressure decreases and whale wallet holdings rise, it's good news for the asset.

Nearly half of all Dogecoin wallet addresses (48%) have unrealized losses, according to data from the Global In/Out of the Money (GIOM) measure. Wallet holders usually don't lose much, which means the asset isn't under as much selling pressure.

The current price of DOGE is $0.10227.

Potential 12% Gains for Dogecoin

Starting at a high of $0.2288 on March 28, Dogecoin fell all the way to a low of $0.08050 on August 5. During its comeback, DOGE is anticipated to continue its ascent towards crucial support from February to July 2024, a 12% surge.

Green histogram bars flashing above the neutral line on the DOGE/USDT daily chart indicate bullish underlying momentum in Dogecoin price trend, according to the Moving Average Convergence Divergence (MACD) indicator.

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