Whales Accumulate Dogecoin Amid Market Decline

Whales Accumulate Dogecoin Amid Market Decline

The recent market downturn has heightened market sentiment, with some seizing the opportunity to accumulate assets while others offload their holdings. Notably, whales have been actively acquiring Dogecoin (DOGE), the popular meme coin.

The recent market downturn has heightened market sentiment, with some seizing the opportunity to accumulate assets while others offload their holdings. Notably, whales have been actively acquiring Dogecoin (DOGE), the popular meme coin.

Whales Buy 750 Million DOGE

鯨魚購買了7.5億托馬

A respected crypto expert recently shared that crypto whales purchased 750 million DOGE coins during a recent market dip, demonstrating their confidence in the asset. This significant accumulation signals a bullish outlook for investors.

A respected crypto expert recently shared that crypto whales purchased 750 million DOGE coins during a recent market dip, demonstrating their confidence in the asset. This significant accumulation signals a bullish outlook for investors.

Despite this whale accumulation, DOGE has remained largely unaffected price-wise. Currently, the meme coin trades near $0.253, down 5.50% in the past 24 hours. This suggests a potential buying opportunity.

Despite this whale accumulation, DOGE has remained largely unaffected price-wise. Currently, the meme coin trades near $0.253, down 5.50% in the past 24 hours. This suggests a potential buying opportunity.

However, trading volume has declined by 30% during the same period, indicating caution among traders and investors.

但是，交易量在同一時期下降了30％，表明交易者和投資者的謹慎。

Long-Term Holders Accumulate

長期持有人積累

Despite the lower participation, data from Coinglass reveals that long-term holders and investors continue to add DOGE to their portfolios. Spot inflow/outflow data shows an outflow of over $25 million worth of DOGE from exchanges, indicating potential accumulation. This suggests that long-term holders are moving their assets off exchanges, which could create buying pressure and trigger a further upside rally.

Despite the lower participation, data from Coinglass reveals that long-term holders and investors continue to add DOGE to their portfolios. Spot inflow/outflow data shows an outflow of over $25 million worth of DOGE from exchanges, indicating potential accumulation. This suggests that long-term holders are moving their assets off exchanges, which could create buying pressure and trigger a further upside rally.

Dogecoin Price Action and Key Levels

Dogecoin Price Action and Key Levels

Technical analysis indicates that DOGE is in a bearish trend, trading below the 200 Exponential Moving Average (EMA) on a daily time frame.

技術分析表明，Doge處於看跌趨勢，在每日時間範圍內交易低於200指數移動平均線（EMA）。

Recent price action and historical momentum suggest a potential 10% price drop to $0.22 in the coming days.

最近的價格行動和歷史勢頭表明，在未來幾天，潛在的10％的價格降至0.22美元。

According to Coinglass data, if the DOGE price falls below $0.246, nearly $8 million worth of long positions will be liquidated, as bulls are currently over-leveraged at this level.

根據Coinglass數據，如果Doge價格低於0.246美元，則將清算價值近800萬美元的長頭寸，因為該水平目前在此級別上過度槓桿化。