🚨 Whale Alert & Price Analysis
Dogecoin Price Is ‘Super Bullish’ As Whales Pour An Extra £149M Into DOGE 🐳 🚀
$DOGE 🧧🧧🧧
Dogecoin price looks incredibly bullish as large investors, known as “whales”, have poured an additional £149 million into the meme coin in the last 24 hours. This massive capital influx signals strong confidence among influential market players, boosting optimism about DOGE price recovery.
DOGE price increased by 6.9% in the last 24 hours to trade at £0.1764 as of 00:48 a.m. GMT. This includes an incredulous 27.8% weekly gain and a 50.9% bi-weekly uptick. Although Bitcoin has played a huge part in the current rally, the upcoming U.S. election is also likely a contributor to the rise of Dogecoin.
Data from ITB shows that large investors are betting more on Dogecoin, which is surging higher. Over the last 24 hours, large holder inflow has surged to 861 million DOGE from 3.08 million, signaling whales’ increased confidence in the crypto asset.
DOGE price has surpassed the past resistance (1) well and now faces the second resistance (2). This level has been tested once before but still presents a significant hurdle. If Dogecoin breaks above this resistance, the next major barrier is around £0.22, which coincides with the yearly high and marks a 29% increase from the current price.
Bears can invalidate the current bullish thesis by pushing the price of DOGE below £0.142 (Resistance 1). This would show market weakness and result in a cascade effect of panic selling, pushing the price further lower to £0.105 support.
The crypto-charged U.S. elections are coming up in five days, and the crypto markets, especially Dogecoin, should expect high volatility.