Dogecoin

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Strong

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/dogecoin-whales-increase-activity" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Whales Increase Activity</a><br></p>
<p style="text-align: justify">Dogecoin, the leading meme coin, has been experiencing a surge in whale transactions. Recently, a well-known market analyst shared insights, highlighting critical levels for <a href="https://en.bitcoinhaber.net/dogecoin-rallies-as-bitcoin-treads-cautiously-in-volatile-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>. The spike in activity has been accompanied by significant price movements, attracting the attention of traders and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> alike.</p>
<h2 id="what-drives-whale-transactions">What Drives Whale Transactions?</h2>
<p style="text-align: justify">Increasing sell pressure on Dogecoin has coincided with heightened whale activity. Data from Whale Alert revealed the movement of DOGE worth over $61 million. Notably, on July 20, 400 million DOGE valued at $50.33 million were transferred from Robinhood to an unknown wallet. Similarly, on July 23, 77.65 million DOGE worth $10.82 million were moved from Robinhood to another unidentified wallet.</p>
<p style="text-align: justify">Such large transactions have put the spotlight on critical price levels for DOGE, particularly the $0.15 mark. At the moment, DOGE is trading at $0.1313, after a 6.54% daily decline. However, over the past week, the meme coin has seen a 4.38% rise in value.</p>
<h2 id="which-levels-are-key-for-doge">Which Levels Are Key for DOGE?</h2>
<p style="text-align: justify">Prominent market analyst RLinda identified crucial price points for DOGE on July 23. According to RLinda, the bottom range for Dogecoin is between $0.10 and $0.05, which previously served as an accumulation zone during the spring. Recently, DOGE dipped to $0.106, retesting this support level. Bullish defense at this price created optimism for an upward trend.</p>
<p style="text-align: justify">In daily analysis, the analyst indicated that Dogecoin might break its current formation and climb to $0.1437. If bulls remain resilient and uphold support levels at $0.126 and $0.12, the bullish sentiment could prevail in the market.</p>
<h2 id="investor-takeaways">Investor Takeaways</h2>
<ul>
 <li>Key resistance levels to monitor: $0.1437 and $0.1657.</li>
 <li>Critical support levels: $0.126 and $0.12.</li>
 <li>Increased whale activity could signify rising interest in DOGE.</li>
 <li>Strong defense at $0.106 suggests potential bullish trends.</li>
</ul>
<p style="text-align: justify">Based on these insights, RLinda advised traders to keep a close eye on these resistance and support levels. The bullish outlook could lead to a rally if the bulls maintain their strength, signaling potential upward movements in the Dogecoin market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/dogecoin-whales-increase-activity" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin Whales Increase Activity</a></h5>

Dogecoin Whales Increase Activity

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