Bitcoin

Dogecoin

<ul>
 <li>Dogecoin’s price is currently around $0.055, down from its all-time high of $0.73.</li>
 <li>Crypto trader Ali Martinez noted a large multi-year triangle pattern forming for Dogecoin.</li>
 <li>The official Dogecoin Twitter account urged community members to withdraw DOGE from centralized platforms and use self-custody wallets.</li>
</ul>
<p>A whale-sized transfer of the popular meme cryptocurrency <a href="https://thenewscrypto.com/?s=dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) has caught the attention of the crypto community. According to blockchain tracker <a href="https://twitter.com/whale_alert/status/1713929207783260448" target="_blank" rel="noopener noreferrer nofollow">Whale Alert</a>, an anonymous wallet moved 110 million DOGE, worth around $6.1 million, to leading U.S. exchange Coinbase on February 5th.</p>
<p>The massive transaction comes as Dogecoin hovers near $0.055, down significantly from its all-time high of $0.73 last year. Some analysts believe DOGE may be primed for a new bull run towards the psychologically important $1 level if it can hold key support.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 110,000,000 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DOGE</a> (6,623,846 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a><a href="https://t.co/8MmAEKpCLN" rel="noopener noreferrer nofollow">https://t.co/8MmAEKpCLN</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1713929207783260448?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 16, 2023</a>
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<h2 class="wp-block-heading" id="h-dogecoin-is-approaching-a-large-multi-year-triangle-pattern">Dogecoin is approaching a large multi-year triangle pattern</h2>
<p>Crypto trader Ali Martinez <a href="https://twitter.com/ali_charts/status/1712916304850493469" target="_blank" rel="noopener noreferrer nofollow">noted</a> that Dogecoin is approaching the apex of a large multi-year triangle pattern. He advised traders to watch the $0.0482 support level closely for signs of weakness that could lead to new lows. The transfer itself did not immediately impact DOGE prices.</p>
<p>Meanwhile, the official Dogecoin Twitter account recently urged community members to withdraw DOGE from centralized platforms. Citing the common phrase “not your keys, not your coins”, they advised using self-custody wallets instead.</p>
<p>The warning follows similar guidance from Bitcoin advocate Samson Mow to secure holdings in personal wallets. Crypto projects often encourage such custody to reduce counterparty risk.</p>
<p>While the motivation behind the mega Dogecoin transfer is unknown, it has brought renewed attention to the long-running meme coin as investors evaluate both its price outlook and the team’s caution about holding on exchanges. The coming weeks may determine whether DOGE can break its current lull.</p>

Massive Dogecoin Transfer to Coinbase Sparks Speculation

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