💥💥Dogecoin Regains $0.1 Support with a 15% Increase Despite Whale Selling💥💥

Dogecoin is making a significant recovery, regaining the critical $0.1 support level.

This rise comes after prominent Dogecoin whales made significant sales in the market. A notable increase of up to 15% in Dogecoin price has sparked discussions about future market movements.

Whale Sales and Market Dynamics

Two major transactions where Dogecoin whales were active were detected by Whale Alert. In the first transaction, 370 million DOGE worth approximately $39.34 million was transferred to Binance. In the second transaction, 137 million DOGE worth approximately $13.9 million was moved to Robinhood. These large-scale transfers have caused various speculations in the crypto community about the whales' intentions.

Market Impacts and Comments

These whale activities caused intense speculation in the crypto market, leading to over 500 million DOGE being sold during a broad market correction. However, Dogecoin quickly returned to the $0.1 level, indicating that Dogecoin has strong resistance and support from small retail investors.

Dogecoin Market and Highlights

Currently, Dogecoin is trading at $0.1082, up 14.68%. Trading volume fell 35% to $1.06 billion. Over the last 24 hours, DOGE's price has fluctuated between $0.09415 and $0.1092, highlighting the volatility of the market. CoinGlass data shows open interest in Dogecoin futures increased by 7% to $523.3 million, indicating increased interest in Dogecoin.

Dogecoin's strong recovery reflects its resilience following the whale sell-off and finding solid support in the market.