Dogecoin price It continues to trade below $ 0.17 caused by continuous declining pressure. With a strong fluctuation that constantly hinders the upward DOGECOIN movements, the main investors and traders have become very careful about the mem -header. Modern reports showed a decrease in accumulation between these main players.
Low whale activity in Dogecoin
The continued fluctuations of prices have been positive feelings about Dogecoin and its near -duration prospects. Ali Martinez, technical expert and on the series, It was identified A disturbing shift in feelings between Dogecoin investors in the past few days, raising concerns about a possible extension of Correct correction.
The big investors, who are usually classified as whales, have dramatically reduced their activity in terms of accumulation over the past 96 hours. Ali Martinez stated that investors carry at least a million Dodge She remained calm during this period, with no large mutations in buying or selling.
Low whale activity may lead to low market liquidity and uncertainty about the short -term prices in Dog. Since the market has been strongly volatile in the past few weeks, the sharing of whales may mean a strategic position among big players.
Before the inactive whale activities, these main investors who were making huge sales were observed when the price of Doug witnessed a sharp recovery from a $ 0.13 brand to $ 0.16 in hours. On April 9, the veteran expert Mentioned The whales have emptied more than 1.32 billion dusks within two days.
These large sales of big investors raised concerns about the sustainability of the assembly. It comes in a decisive time to Mimi currency Because it is struggling to overcome the main resistance levels and maintain an ascending path.
While the dust was selling, the headlines of the wallet bearing between 100,000 dusks to a million dusks were gradually buying the Mimi currency. In another mail In X, Ali Martinez revealed that the two whales acquired more than 80 million dokin within one day when Dog is trying to recover from the long, long trend.
This is amazing accumulation During a brief price increase, it means that these investors were benefiting from growth in anticipation of more gains. Moreover, it reflects the increasing confidence and interest in the Mimi currency despite the constant correction.
Dog’s price on the lifting lift
The activity of the Dukwin whale may have decreased, but it does not mainly prevent the original price from growth. Defense in Action’s Dogss’s PRICE, Javon Marks, Javon Criphy specific A potential upward transmission to New levels in all ages.
Javon Mark’s analysis depends on the previous upward trends, which led to a noticeable rise to its highest level in 2017 and 2021. With the emergence of the direction, the expert believes that Dogecoin is preparing for “the other magic up to the new highlands ever.”
If similar results are revealed in 2017 and 2021, the Mimi currency is likely to witness to lift From at least 200 % to +300 %, raising its price to $ 0.73 and above.
Distinctive image from Unsplash, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
