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

Whales Buy 750 Million DOGE

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.

尽管积累了鲸鱼，但总体上仍然不受影响。目前，Meme硬币的交易价格接近0.253美元，在过去24小时内下跌了5.50％。这表明潜在的购买机会。

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

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

Long-Term Holders Accumulate

长期持有人积累

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.

尽管参与度较低，但Coinglass的数据表明，长期持有人和投资者继续将门槛添加到其投资组合中。现货流入/流出数据显示，从交易所中流出了价值超过2500万美元的道路，这表明潜在的积累。这表明长期持有人正在将其资产从交易所移出，这可能会造成购买压力并触发进一步的上涨集会。

Dogecoin Price Action and Key Levels

Dogecoin价格行动和关键水平

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

技术分析表明，Doge处于看跌趋势，在每日时间范围内交易低于200指数移动平均线（EMA）。

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

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

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.

根据Coinglass数据，如果Doge价格低于0.246美元，则将清算价值近800万美元的长头寸，因为该水平目前在此级别上过度杠杆化。