Dogoin (DOGE) price is gaining attention because senior investors have accumulated 150 million dusks in only 72 hours. This increase in whale holdings indicates an increased confidence between investors, which may affect future price movements.
Analysts note that this accumulation is a basis for gathering, with technical patterns indicating an upward outbreak. Some expectations indicate even that the price of DOGE reaches $ 5 if the main resistance levels are broken.
Dogoin price prediction: Can it be $ 5 after that?
The price of Dogecoin shows marks on a march, as technical analysis indicates a continued pattern of plans. Analysts note that DOGE is currently forming a cup and handle, a preparation that is often associated with long -term upward momentum. The pattern, which extends for several years, indicates that the price of Dogoin may be in the final stages before collapse.
It seems that the falling trend line, in its place from its previous peak in 2021, was broken, indicating a possible transformation in the momentum. This round base of the cup indicates that the accumulation has occurred over time, with a slight decline (expected handle) before a strong upward move. If the penetration is achieved, analysts expect that the price of Dogoin can exceed the main resistance levels and accelerate about 5 dollars.
More than that, recently, Dogoin wallet addresses It rose to the highest level at 83.48 million, which reflects an increasing interest in Mimi. This height in activity, along with the accumulation of whales, indicates a strong bullish momentum.
Doug whale promoting accumulation
In addition, what Dog bought 150 million icons in the past 72 hours, according to the data that analyst Ali Martinez is participating. The accumulation of the whale often indicates a bullish direction, as the largest investors themselves in anticipation of the increase in prices.
The effect of the accumulation of the whale can affect the market, as the constant purchase pressure helps determine stronger support levels. If this trend continues, it may enhance the possibility of a march, as the price of Dogecoin may exceed its immediate resistance.
The main resistance levels of viewing
In order for the price of Dogecoin to continue in its upward path, it must overcome the main resistance levels. Analysts set the main price goals at $ 0.75, $ 1.50 and $ 2.70. These levels are possible points of sale, as investors may get profits before the next stage.
if Mimi Alawite currency He managed to penetrate $ 0.75, momentum can carry the price about $ 1.50. A continuous gathering outside this level would increase the possibility of reaching $ 2.70. Analysts speculate that the continuation of accumulation by whale dodge, the price of the DOGECOIN can extend its gains about 5 dollars.
At the time of writing this report, the price of DogCoin is $ 0.20, with a market price of $ 29.7 billion and 24 -hour trading volume of $ 1.75 billion, which reflects the growing market activity.
Ronnie Mogndi
Ronny Mugendi is a four -year experienced encryption journalist, as he contributed greatly to the various media in cryptocurrencies and technologies. With more than 4000 articles published through various media, it aims to inform and teach more people to the Blockchain world and Defi. Outside his career in the press, Rooney has a bicycle riding and exploring new paths and landscapes.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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