DOGE Whales in action, Moves $200M of Dogecoin, What’s cook

Today, on March 26, 2024, the overall cryptocurrency market is up by over 6% after several days. Among the top cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, and others, there have been significant surges. Dogecoin, in particular, has attracted attention due to its recent involvement with the giant stock brokerage firm Robinhood.

According to a recent post by the Whale Alert transactions tracker on X (previously Twitter), nearly $200 million worth of

Currently, Dogecoin is trading near $0.18, and in the last 24 hours, it has experienced a price surge of over 8%. Over a longer period, DOGE has shown remarkable performance. In the last 7 days, the price of DOGE increased by over 42%, and in the last 30 days, it surged by over 114%.

However, with this recent surge, DOGE is nearing a resistance level. According to expert technical analysis, Dogecoin is looking bullish as it is trading above its 200 EMA (Exponential Moving Average). Additionally, this current price surge has brought DOGE close to a major resistance level at $0.185. This level has been a challenge for DOGE to break in the past.

Considering the current market sentiment, there is a high possibility that on March 26, 2024, or March 27, 2024, DOGE will break out of this major resistance level. If DOGE on the daily time frame breaks out and closes candles above $0.185, then in the coming days, there is a possibility that it will reach the $0.288 level.

Besides DOGE, other crypto-meme coins have also experienced a massive price surge, and the overall meme sector is up by 5%. The top meme coins SHIB, PEPE, WIF, BONK, and FLOKI have experienced a massive price surge of over 10%.