Dogecoin Whales Purchase Over 80 Million DOGE in 24 Hours
Market Update on Dogecoin
Dogecoin (DOGE) has faced significant selling pressure recently, influenced by global tensions and macroeconomic instability. Key points include:
- DOGE has lost over 70% of its value since December highs.
- A recent uptick shows DOGE trading at $0.163 after a 25% rebound from a low of $0.13.
- Whales acquired over 80 million DOGE in the last 24 hours, indicating potential bullish sentiment.
- The price is testing critical resistance around $0.17, which is crucial for confirming short-term strength.
- If DOGE fails to surpass this level, it may revisit the $0.14–$0.13 support zone.
Current market conditions reflect heightened volatility across cryptocurrencies, with Dogecoin particularly affected by geopolitical risks and economic uncertainties.
