Shiba

Dogecoin

Million

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-price-surge-attracts-whale-investors/" data-wpel-link="internal">Dogecoin Price Surge Attracts Whale Investors</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/shiba-coin-shib-ve-dogecoin-doge-yorumlari-boynuz-kulagi-gecti-mi" data-wpel-link="internal">Dogecoin</a></strong> (<a href="https://coin-turk.com/elon-musk-neden-bitcoin-btc-yerine-dogecoini-doge-tercih-ediyor" data-wpel-link="internal">DOGE</a>) saw its price surge above $0.20 in the early hours of March 5th, reaching this level for the first time in years. During this period, <a href="https://en.coin-turk.com/dogecoins-struggle-and-speculation-amidst-market-changes/" data-wpel-link="internal">DOGE</a>‘s weekly gain rate rose to 150%. Onchain data reveals that DOGE whales are still purchasing millions of dollars worth of DOGE even as prices hit a 3-year peak. Could these activities by DOGE whales push the price to the $0.30 level?</p> 
<h2 style="text-align: justify" id="dogecoin-price-increase">Dogecoin Price Increase</h2> 
<p style="text-align: justify">The meme coin market continued to reflect gains this week, following last week’s surge led by newcomers like PEPE and BONK, which brought triple-digit gains. Following this rise, meme coins with massive market volumes like <a href="https://en.coin-turk.com/shiba-inus-token-burn-rate-surges-sparking-interest-among-crypto-investors/" data-wpel-link="internal">Shiba</a> Inu (SHIB) and <a href="https://en.coin-turk.com/is-dogecoin-poised-for-a-price-surge/" data-wpel-link="internal">Dogecoin</a> (DOGE) also joined the rally.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-323117" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-yukselis-coin-turk-com.jpg" alt="" width="1200" height="456"></p> 
<p style="text-align: justify">While all this was happening, DOGE’s price also seems to have experienced triple-digit gains. Looking at the graph above, between February 29 and March 5, DOGE showed a 140% increase as its price rose above $0.20.</p> 
<h2 style="text-align: justify" id="whales-make-a-250-million-move">Whales Make a $250 Million Move</h2> 
<p style="text-align: justify">The recent price rally in Dogecoin culminated with the price reaching a 3-year high. Interestingly, onchain data reveals a notable whale investor continues to buy DOGE instead of taking profits at current prices.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-323118" src="https://coin-turk.com/wp-content/uploads/2024/03/santiment-3-yil-coin-turk-com.jpg" alt="" width="1200" height="570"></p> 
<p style="text-align: justify">The Santiment graph above indicates real-time changes in DOGE holdings controlled by whales with at least 1 million DOGE (approximately $200,000).</p> 
<p style="text-align: justify">The red line shows that whale wallets had a cumulative balance of 53.41 billion DOGE as of February 29. However, by March, this number had reached 54.75 billion DOGE.</p> 
<p style="text-align: justify">Interpreting this situation, it could be said that whales bought approximately 1.34 billion DOGE worth about $250 million last week.</p> 
<p style="text-align: justify">The fact that whales continue to buy DOGE even as it reaches a 3-year peak shows that the buying power is still firmly in the hands of bullish investors.</p> 
<h2 style="text-align: justify" id="dogecoin-and-the-0-30-level">Dogecoin and the $0.30 Level</h2> 
<p style="text-align: justify">On-chain data analysis suggests that the buying frenzy by Dogecoin whales amid a 140% price surge could potentially drive DOGE towards $0.30 in the coming weeks.</p> 
<p style="text-align: justify">As of the time of writing, Dogecoin is currently finding buyers just above the Upper Bollinger Band indicator, at the $0.18 level. A move above the psychological support level of $0.25 could remove barriers for a further 50% increase in DOGE price.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-323119" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-0-25-coin-turk-com.jpg" alt="" width="1203" height="467"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-price-surge-attracts-whale-investors/" data-wpel-link="internal">Dogecoin Price Surge Attracts Whale Investors</a></h5>

Dogecoin Price Surge Attracts Whale Investors

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