Read more % Dogecoin fell 9%: what's going on?
Santiment data shows that the whale bought £140 million worth of #DOGE in 24 hours over 56 hours.
Analysts see values between 0 and 0.34 as a potential entry point for long positions, expecting a bounce next week.
According to an optimistic #cryptocurrency trader on social media, the 9% pullback in #Dogecoin DOGE/USD price represents a potential buying opportunity.
What happened: Dogecoin fell 1% in trading on Friday after rising 88% over the past 9 weeks.
According to online tracker Lookonchain, over the past 2 days, Keith transferred all funds from the SPX #meme coin to DOGE, selling 1,060 million SPX for 620 million yen and using the proceeds to buy 1,395 million yen worth of DOGE for 488 million yen.
Despite the downturn, Dogecoin remains one of the most popular meme coins 1:
Trader's Note: Cryptocurrency miner Ali Martinez predicts a 22% move in the price of DOGE, depending on the closing price outside the 0.42-0.38-22 hour range.
Scient trader is expected to hold a long position in DOGE at 0.34, indicating a possible pullback to the possible 0.32 level, but if the next 0.34 level holds, we expect prices to rise next week. Another trader, GUANGDONG CAT, analyzed and predicted the weekly chart of DOGE,
"We need 3-4 more weeks at this level before we start to see a rise, possibly to rise4? "
Crypto trader Kevin identifies 00.30-00.26 as the main support zone for Dogecoin, which is consistent with the Golden Pocket fixation. This 30-40% correction from the local peak is considered a significant pullback during a bull market.
Statistics: IntoTheBlock data shows that the volume of large transactions increased by 41.1% and the daily active address increased by 34.9%. The number of transactions over 100,000 increased from 3,230 to 4,997 in a single day.
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