DOGE Price Falls as Whales Sell Over 1 Billion Tokens
Dogecoin (DOGE) Market Update:
- Over 1 billion DOGE tokens were sold by whales in a week, leading to increased selling pressure.
- The price of DOGE dropped nearly 7% in the past 24 hours and about 40% over the last month.
- Trading volume surged to $3.81 billion as DOGE fell from $0.1843 to $0.1697.
- Wallets holding 10-100 million DOGE significantly reduced their balances.
- Technical analysis indicates a breakdown from an ascending parallel channel, suggesting further bearish movements.
- If selling persists, DOGE might test support levels at $0.16, $0.145, $0.125, and potentially $0.11.
- A move above $0.18–$0.19 is needed to counter the bearish trend.
Emerging Crypto Project: PEPENODE
- PEPENODE, a new meme coin project, has raised over $2 million in its presale.
- It offers a gamified mining experience through a virtual mining simulator.
- The native token utilizes a deflationary model, burning 70% of tokens used in node purchases and upgrades.
- Early contributors receive bonus tokens and can earn up to 630% in staking returns.
Presale Details:
- Ticker: PEPENODE
- Blockchain: Ethereum
- Current Price: $0.0011317
- Funds Raised: $2.05 million