Dogecoin

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
According to <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a> data, dog-themed cryptocurrency Dogecoin (DOGE) is reporting a staggering $1.1 billion in large transaction volume, indicative of whale activity.
Large transactions refer to those above $100,000, and the volume of these transactions might suggest how much was transacted by whales or institutional players on a specific day. <img alt="IntoTheBlock " data-entity-type="file" data-entity-uuid="3db81a64-431e-413e-b62f-771df65a0246" src="https://u.today/sites/default/files/inline-images/1000010623.png"><a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">Large Transactions Volume, Courtesy: IntoTheBlock</a>&nbsp; 
In the last 24 hours, <a href="https://u.today/dogecoin-death-cross-appears-but-hourly-charts-tell-different-story" rel="noopener noreferrer nofollow">Dogecoin</a> has seen a 29.27% surge in large transaction volume, amounting to 8.15 billion DOGE in crypto terms. Typically, a surge in large transaction volumes coincides with active buying or selling by whales or large holders.
The spike in large transaction volume coincides with a jump in activity on the Dogecoin network. According to IntoTheBlock data, Dogecoin is seeing a noticeable spike in the number of transactions in the last 24 hours.&nbsp;The number of transactions surged nearly 100% within this time frame, rising from 95,390 on July 26 to 196,300 on July 27.
<h2 id="dogecoin-price-action">Dogecoin price action</h2>
Eyes are on the <a href="https://u.today/dogecoin-key-demand-wall-appears-despite-market-slump" rel="noopener noreferrer nofollow">Dogecoin price</a> as it awaits its next major move. At the time of writing, Dogecoin had fallen 5.32% in the previous 24 hours to $0.13, matching the general market decrease. Dogecoin trading volume is up 87% in the last 24 hours to $1.28 billion as traders pile in and out of Dogecoin.
After declining for four days in a row, Dogecoin posted a strong rebound on July 26, although bulls were unable to sustain the move as Dogecoin encountered resistance at highs of $0.1389 on July 27.
Dogecoin subsequently retreated and is sustaining losses, on track to mark the second day of declines if today closes in red.
In the event of a rebound, bulls may attempt to push Dogecoin prices above $0.14. If they succeed, Dogecoin might surge above $0.18, where bulls might meet strong selling from bears.
On the other hand, if the Dogecoin price turns down from current levels, the $0.12 level is envisaged as support. A dip below this level might increase selling and send Dogecoin to $0.10, where bulls are anticipated to intervene.

$1.1 Billion of Dogecoin in 24 Hours: Here's What's Going On

Inhaltsverzeichnis

U_Today

Weitere Artikel, die am 28. Juli 2024 veröffentlicht wurden

Shiba Inu’s next move: Key SHIB signs point to a breakout above…

Bitcoin Conference increases BTC’s Fear and Greed Index to new highs

The promises and pitfalls of decentralized exchanges | Opinion

Meme Coins MOG and POPCOT Surge into The Crypto Top 100; Could Rollblock Be Up Next?

Was Trump's Bitcoin Speech at Nashville the Push Everyone Hoped For?

Crypto Whale Snaps Up $370,000 In WienerAI Tokens As Presale Nears $9 Million With Just 2 Days Left

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!