đš ALERT: 60.9 BILLION $DOGE SHUFFLED IN 24 HOURS â MASSIVE MOVE LOOMING! đš
Dogecoin ($DOGE) is making waves as whale activity spikes dramatically, with 60.9 billion DOGE worth over $3.47 billion traded in just 24 hours. This surge in large transactions, coupled with a 41.12% increase in whale activity, mirrors historical patterns that often precede explosive price rallies. Could $DOGE reclaim its all-time high of $0.7376 this bull cycle?
Key Insights Driving the DOGE Surge
Whale Activity on the Rise:
According to IntoTheBlock (ITB), Dogecoin has recorded 9,400 large transactions in the past 24 hours, each valued over $100,000. This uptick is a strong indicator of institutional and high-net-worth trader interest. Historically, similar spikes have triggered massive bullish runs for DOGE.
Price Struggle at $0.40:
Despite dipping by 2.04% to $0.3973, Dogecoin is poised for recovery as its large transaction volume reflects growing adoption and interest. Traders are closely watching the $0.40 resistance level as a key pivot point.
Daily Trading Volume Highlights Strength:
With $3.47 billion traded overall in the last 24 hours, DOGE is showing resilience amid thinning volumes across other digital assets. This strong metric suggests that Dogecoinâs recent dip may just be a pause before a potential breakout.
DOGE Price Levels to Watch
Resistance: Breaking above $0.40 is critical. A clean breakout could push DOGE toward its next targets at $0.50 and $0.60, paving the way for a bullish momentum.Support: The $0.37â$0.38 zone represents strong support. A breakdown below this level could trigger a short-term pullback, but whale activity suggests buying interest will cushion significant dips.
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