249 million Dogecoin massive transfer, Dogecoin may usher in a surge!
Especially since a big whale transferred over 100 million dollars worth of Dogecoin at once, this is no small matter, making everyone feel that Dogecoin might be on the rise! Although the price of Dogecoin previously surged to 0.46 dollars but couldn't hold, it has retreated a bit, but this wave of whale activity has clearly stirred up the market.
These two big transactions add up to over 249 million Dogecoin, which is simply astronomical! The first transaction of 131 million Dogecoin moved from a mysterious wallet to Coinbase, while the second transaction of 117 million moved from Binance to another secret wallet. Such a big movement indicates that whales are quietly positioning themselves, possibly preparing for a major move, and the market is getting excited along with it.
Experts see this situation and are predicting that Dogecoin is about to soar, with a potential price increase of 400%! An analyst named Javon Marks believes that based on previous trends and Fibonacci analysis, Dogecoin could reach 2.28 dollars this time, significantly higher than the current price of 0.42 dollars. He said Dogecoin is entering its third lucky period, similar to the previous two surges.
Not only do experts say this, but technical charts also indicate that Dogecoin may rise. The current chart looks like a small triangular flag, which usually signifies an upward trend. Dogecoin's price is currently relatively stable, oscillating around 0.42 dollars, as if gathering strength for another surge.
If Dogecoin can surpass the two resistance levels of 0.45 dollars and 0.50 dollars, then it won't be far from the 0.65 dollars that experts mentioned. However, if the price cannot hold above 0.40 dollars, it may have to drop back to 0.35 dollars.
Now everyone's eyes are on Dogecoin, watching to see if it can hold the support level and break through the resistance level. Dogecoin truly keeps people both excited and anxious, and we don't know what surprises it will bring us next!
