Dogecoin (DEGE) is preparing for a large price movement with the purchase of 910 million Doge of whales in the last 48 hours. This sudden accumulation created a strong expectation among investors that Dogecoin could reach a $ 1 level. Technical indicators and market data show that rise is possible.
Whales are accumulating dogs, is the rise signal?
On-Chain Analysis Platforms confirm that major investors’ interest in Dogecoin has increased. Big processes of millions of domes indicate that whales expect a long -term rise.
Intensive purchases made by large investors can reduce the Dogge supply in the market and create upward pressure on the price. Recent purchases correspond to the same period as Dogecoin maintain critical support levels, and analysts believe that these levels can be an important jump point in the coming days.
Can Dogecoin rise?
Doge has currently found strong support at $ 0.185. Analysts say that if the resistance levels of 0.25 and $ 0.33 are broken, the price may move upward rapidly. According to technical analysis, the Doge price experienced a recovery of 12.46 %in the last 24 hours. The RSI value is 43 and can give a strong bull signal if it increases above 50. In addition, the formation of a double foot formation draws attention, which can be a harbinger of a new wave of ascension for Doge.
Doge investors should closely monitor whale movements and technical indicators! Is 1 dollar road opening?
Critical Days for Doge! Will the purchase of whales support the rise?
Dogecoin’s latest movements support the expectation of future rise of major investors. Whale purchases and technical indicators indicate that Doge can initiate a strong rally if they maintain $ 0.185 support.
In particular, the stability of the price after the purchase of 910 million doge increases investor confidence. If Doge exceeds the resistance of $ 0.25, the price is expected to accelerate towards 0.33 and then $ 1. However, if sales pressure increases, falling below $ 0.185 may trigger a new correction process. Therefore, the next few days will be critical to determine the direction of Dogecoin. If whales continue to make purchases and the market momentum strengthens, the Dogue price may rapidly move upward. However, if the volume remains low or the sales pressure increases, the support of $ 0.185 may be re -tested and a risk of decrease may arise.
