Dogecoin

bullish

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The biggest meme cryptocurrency on the market,&nbsp;<a href="https://u.today/dogecoin-growth-canceled-doge-price-saga-takes-unexpected-turn" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a>, is once again in the spotlight, with some serious activity behind the scenes, or more precisely in the on-chain realm.
Thus, in the last 24 hours, one of the most important indicators of whale activity - the metric "Large Holders Netflow" of&nbsp;<a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> - saw a rapid increase from the negative zone of -2.23 million DOGE to 20.66 million DOGE. The latter figure is the net amount of meme coins added by whales in the last day alone.
It is worth mentioning that only those wallets that hold no less than 0.1% of the circulating Dogecoin supply made the cut. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f3cf4b39-7914-47cb-aa63-47216693a677" src="https://u.today/sites/default/files/inline-images/dogeitb_0.png">Source: <a href="https://app.intotheblock.com/coin/DOGE/deep-dive?group=ownership&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Digging deeper, it becomes obvious that the total inflow of&nbsp;<a href="https://u.today/dogecoin-founder-spills-beans-on-his-epic-draining-doge-sale" rel="noopener noreferrer nofollow">DOGE</a> to whale wallets in the last 24 hours amounted to 76.33 million coins, while the outflow totaled 55.67 million. It is interesting to note that both metrics increased over the period, but inflows still outnumbered outflows.
<h2 dir="ltr" id="dogecoin-doge-price-outlook">Dogecoin (DOGE) price outlook</h2>
More context to the actions of large&nbsp;<a href="https://u.today/dogecoin-doge-on-verge-of-epic-breakout-per-this-analyst-prediction" rel="noopener noreferrer nofollow">Dogecoin</a> investors is provided by the price outlook of the popular meme cryptocurrency.&nbsp;
Over the past few days, DOGE's price action has been centered on the dynamic resistance level, which is also the upper boundary of the falling wedge pattern that has been forming there for the past nine months. It is no secret that the price of DOGE is forming a bullish pattern, and the outcome is being closely watched by traders and enthusiasts. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="ac895b16-ee06-4736-8078-9de448f10733" src="https://u.today/sites/default/files/inline-images/DOGEUSDT_2024-09-23_16-18-38.png">Source: <a href="https://www.tradingview.com/x/nBlUYSL8/" rel="noopener noreferrer nofollow">TradingView</a>
However, the last barrier has not yet been broken. At the same time, whales are accumulating as they know that the breakout from the pattern will still happen.
The activity is bullish, and if the price of DOGE proves it, we may see some serious disturbances with the popular meme coin.

Dogecoin Rockets 926% in Bullish Whale Activity: What About DOGE Price?

목차

U_Today

2024년 9월 23일에 게재된 다른 기사

5 Mind-Blowing Gala Games Set to Dominate the Blockchain Gaming Scene in 2024

FTX/Alameda Wallet Unstakes $24M SOL Amid Ongoing Investigations: Report

Fuse Wallet Launches Fuse Pay Virtual Visa Card

Indodax Exchange Loses $20.5M in Suspected Lazarus Group Cyberattack

Charles Hoskinson Surprised by Bitcoin-Cardano Bridge

Solana’s New Web3 Smartphone "Seeker": What You Need to Know

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!