As the crypto money market passes through a period full of fluctuations, Dogecoin (Dge) continues to attract the attention of major investors. Especially in recent days, the great purchases made by whales, Dogecoin’s future price movements give hope. Here are the analyst views and details…
The last move of Dogecoin whales
According to the data shared by Analyst Ali Martinez, whales have recently purchased 100 million DOME. This purchase took place after the previous accumulation of 750 million Dogs. Such large purchases often have the potential to create upward acceleration in price movements.
In addition, the Canadian -based Blockchain company Neptune Digital Assets also bought a strategic move and bought 1 million Dogge Tokeni. This acquisition shows that Dogecoin is increasingly attracting more and more corporate attention and its long -term potential is noticed.
Critical levels in the price of dogecoin
The price of the Dogecoin managed to hold above $ 0.20 after the last decline. Currently, the price is testing $ 0.342 resistance to a upward movement. A permanent movement above this level may increase the likelihood of the price up to $ 0.60.
If the level of $ 0.60 is passed, the next resistors are determined as 0.77 and $ 0.84. However, the inability to break the resistance of $ 0.342 may cause the price to fall to $ 0.19. In this case, the level of $ 0.17 will be a critical support point.
Technical Indicators and Analyst Opinions
An analyst said that there are positive signals in Dogecoin’s technical indicators. According to Elliott Wave Theory, a large ABC formation occurs in Dogge/USD and Dogge/BTC parities. This formation indicates that the price may increase by 2 to 3 times in the short term.
Dogecoin’s payment systems and usage areas on e-commerce platforms continue to expand. These developments contribute to the fact that Dogecoin goes beyond being a breast coin and becomes a stronger being. The purchases of the whales and the increasing institutional interest will play an important role in determining the direction of the price in the coming period.
