Dogecoin (DOGE) price regained the $0.068 zone on Tuesday with a weekly increase of 20%. Experts discussed how the rising whale demand could impact the future price movement of the cryptocurrency.

Dogecoin(DOGE) 가격은 화요일에 주간 20% 상승으로 $0.068 영역을 회복했습니다. 전문가들은 증가하는 고래 수요가 암호화폐의 향후 가격 변동에 어떤 영향을 미칠 수 있는지 논의했습니다.

DOGE Falls Behind its Competitors

DOGE는 경쟁사보다 뒤처집니다.

After dropping to its lowest level of $0.057 on October 14, Dogecoin fell behind Solana before whale investors took action to prevent historical losses. Will the ongoing DOGE price recovery process take it to new dimensions?

Dogecoin은 10월 14일 최저 수준인 0.057달러로 떨어진 후 고래 투자자들이 역사적 손실을 방지하기 위한 조치를 취하기 전에 Solana에 뒤처졌습니다. 진행 중인 DOGE 가격 회복 프로세스가 이를 새로운 차원으로 끌어올릴까요?

Between October 14 and October 23, Dogecoin saw a 20% improvement in its price. On-chain data reveals that renewed whale interest in the largest meme coin by market cap is a significant factor.

Furthermore, while the DOGE price weakened at its lowest level, Dogecoin recorded a low whale transaction of 599 on October 15. However, since then, whales have been making purchases to prevent further losses.

더욱이 DOGE 가격이 최저 수준으로 약세를 보이는 동안 Dogecoin은 10월 15일 599건의 낮은 고래 거래를 기록했습니다. 그러나 이후 고래들은 추가 손실을 방지하기 위해 구매를 진행해 왔습니다.

On October 24, Dogecoin witnessed 1,420 whale transactions, the highest figure since July 25. The whale transaction metric can indicate the total number of daily transactions exceeding $100,000. The increase in whale transactions is considered a bullish signal due to various reasons.

Critical Indicator for DOGE

DOGE에 대한 중요 지표

Firstly, it indicates an increased interest in whale investors’ purchases, boosting individual investors’ confidence. Moreover, the liquidity provided by these large transactions can allow investors to carry out their transactions more efficiently and at favorable prices.

During this period, Dogecoin’s price rapidly recovered by 20%. However, it is still uncertain whether whales will solidify their positions or continue to push for further gains. Additionally, Dogecoin is currently trading at a 60-day price high, and a critical indicator on the chain may suggest that holders may still strive for more profits.

이 기간 동안 Dogecoin의 가격은 20% 빠르게 회복되었습니다. 하지만 고래들이 입지를 확고히 할 것인지, 아니면 계속해서 추가 이익을 추구할 것인지는 여전히 불확실합니다. 또한 Dogecoin은 현재 60일 최고 가격으로 거래되고 있으며 체인의 중요한 지표는 보유자가 여전히 더 많은 이익을 위해 노력할 수 있음을 시사할 수 있습니다.

As an indicator, the latest data obtained from the order books of 10 crypto exchanges, including Binance and Coinbase, can indicate that there is still high demand for DOGE in the market despite the current high prices. Investors have placed active orders to buy 782 million DOGE, while there are only active sell orders for 740 million DOGE.

계속 읽기: https://en.coin-turk.com/dogecoin-price-rebounds-with-increased-whale-demand-whats-next/