The DOGE chart indicates a breakthrough for many years, and the price level of dog coins is worth paying attention toThe dormant dog coin whale also woke up after nine years of inactivity, which sparked the curiosity of dog coin investors.The world's largest memecoin has shown a good trend, with dog coin prices rising by over 10% last week
The DOGE chart indicates a breakthrough for many years, and the price level of dog coins is worth paying attention to
The dormant dog coin whale also woke up after nine years of inactivity, which sparked the curiosity of dog coin investors.
The world's largest memecoin has shown a good trend, with dog coin prices rising by over 10% last week. As of the time of publication, the trading price of DOGE was $0.068, with a market value of $9.75 billion, making it the ninth largest cryptocurrency by market value.
Price Breakthrough of Dog Coin
The recent weekly candle pattern indicates that Dogcoin is attempting to break through its multi-year low and decline. Popular cryptocurrency analyst Ali Martinez also stated that Dogcoin is showing positive indicators as it breaks away from years of declining triangles on the weekly $DOGE chart. The buying signal confirmed by the TD sequence indicator within this time range further enhances the bullish outlook of DOGE.
On the other hand, the dogcoin price chart also suggests a possibility of a 20% rebound from the current level. As reported by CoinGap, in the sideways trend of Doggie Coin, supported by the rebound in the market, an optimistic "double bottom" pattern has emerged, driving the current trading value of Doggie Coin to be $0.69.
Although the sustained recovery looks good, the token encountered a slight setback after hitting the resistance level of $0.075. If the asset remains above the initial support level of $0.067, buyers may extend the recovery by 20%, with the goal of reaching the neckline of $0.085 in this form.
DOGE Whale Movement
WhaleAlert is a well-known cryptocurrency tracking platform specializing in high-value transactions. It has discovered that a long-term dormant address has been reactivated, holding 5392984 dog coins, currently worth $372461. This wallet has been idle for about 9.8 years, dating back to 2013, when Billy Markus and Jackson Palmer introduced DOGE as an interesting side project to the market.
WhaleAlert reported that just over three hours ago, this resurrected wallet transferred 392000DOGE to a newly created blockchain address, indicating that the whale may have allocated a large amount of dog coins it held to various wallets.
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