Popular breast Coin Dogecoin (Doge) technical indicators point to a consolidation. At the same time, the future of the token remains uncertain due to some worrying developments. The last maneuver of a giant whale has created a decline tendency in the market. However, the increasing probabilities of Dogge ETF support breast coin.
MEM Coin whale process indicates the loss of interest in the market
On-Chain whale observer Whale Alert reported that a Dogecoin whale transferred 100 million dollars worth 25.42 million dollars to the crypto stock market giant Binance. Especially Whale Alert, anonymous “A8TDNDG3OXG” address has carried out the process, he said.
In terms of context, crypto whales are large -scale investors with significant experience in the market. In the light of this feature, traders and investors carefully monitor the processes of whales to take advantage of the emerging market trends and every trade opportunity. Therefore, the above mentioned transfer triggers market concerns about the future orbit of the breast coin price. This underlines the disappearance of market confidence in Doga’s potential.
Experienced analyst is worried about Doga!
Meanwhile, experienced crypto analyst Ali Martinez, Dogecoin whale activity remained calm in the midst of the last fluctuation. In this context, he said he showed that whales did not buy the fall. Analyst underlined that these whales do not show “very little or no important purchase or sale activity”. According to the analyst, the trades were a little relieved because a significant sales were not recorded outside the above. However, the indifference of the whales continues to be a source of concern, as the breast coin price lacks rise support.
Source: Ali MartinezWhat’s in front of us for breast coin price?
During the article, the Dogecoin price witnessed a slight increase of 0.6 %. Currently, the breast coin was traded for $ 0.2528. The lowest 24 -hour and highest value of Dge was $ 0.2504 and $ 0.2569, respectively. In addition, the weekly graph shows that there is a decrease of approximately 1.5 %. The big transfer of Dgecoin whale in the midst of this stagnant performance worried investors.
However, with the increase in the possibilities of Dogge ETF approval, breast Coin continues to hold an important place in the radars of market observers. Kriptokoin.comAs we have reported as, Nyse Arca recently presented a 19B-4 form to the US SEC to list Grayscale’s Spot Dogecoin ETF. Considering that ETF has been previously approved, market sensitivity around Dogge may witness a paradigm change.
Meanwhile, crypto analyst Trader Tardigrade says Dogecoin has entered the “boring stage .. In this respect, he said to market participants that they should expect a strict consolidation at the current level for the next few weeks before the great Doge Rally.
