Dogecoin (Doge) whales made huge purchases by knowing the opportunity to decline the latest market. The large investors who bought approximately 460 million doge gave a new rise signal for the market. This movement led to a 7 percent increase in the price of Dogecoin. With increasing investor interest, is Dogge preparing for new summits?
Big purchases of Doge whales support the rise
According to crypto analyst Ali Martinez, large -scale investors collected Dogecoin when the market declined. This ‘purchase from the bottom’ strategy may be the harbinger of a upward movement for Dogge. Large purchases often indicate that the expectation of rise is high.
Doge experienced a slight decrease at the beginning of the week. However, when the whales came into play, the rise trend. Despite the general course of the market, the procurement pressure on Dogecoin points out that the price may go up even further.
Elon Musk effect is in the circuit again
It is impossible to ignore the effect of Elon Musk when it comes to Dogecoin. The famous billionaire recently offered a job to Shebatoshi Nakamoto, the founder of Dogecoin. Musk said, “Do you want to work in Dogge? This would be great! ” made a share in the form of.
Although Nakamoto deleted this sharing in a short time, the market quickly adopted this development. Such explanations excites the Dogecoin community. Musk’s support to Dogecoin has always been a strong signal for investors.
Can the Doge price reach $ 0.35?
Doge is currently trading at $ 0.3346. The lowest level during the day was 0.3092 dollars, while its highest level was 0.3386 dollars. Increased whale purchases show that the price can continue to rise. According to analyst Ali Martinez, if the cost of Dogecoin reaches $ 0.35, a $ 766.45 million Short will be liquidated. This can make the price up even further up.
With increasing investor interest, Dogecoin may be preparing for a new rally. The aggressive purchases of Dogecoin whales and the support of Elon Musk show that a strong rise for Dogecoin may be at the door. However, it is useful to pay attention to volatility. For investors who closely follow market movements, Dogecoin can offer great opportunities!
