Whales Accumulate 1 Billion DOGE Tokens in One Month
Dogecoin (DOGE) Update
- Currently consolidating after a 9% weekly increase, trading at $0.2235, down by 2% in the last 24 hours.
- Key on-chain metrics show bullish signals with increased network activity, active addresses, transaction volume, and whale activity.
- Whales accumulated over 1 billion DOGE tokens (worth over $223 million) in the past month, raising market cap to approximately $33.37 billion, up by $11 billion.
DOGE Price Outlook
- Resistance identified between $0.25–$0.26; five tests since December 2024 suggest potential for breakout.
- Analysts predict possible price movements to $0.40 if resistance is breached.
- Current RSI near 47 indicates neutral momentum; support levels around $0.217 and $0.20 may be tested if further declines occur.
- Bollinger Bands indicate reduced volatility; a breakout above $0.242 could signal bullish movement.
- The Balance of Power indicator at -0.34 suggests slight bearish dominance; recovery above zero needed for bullish support.
Meme Coin Market Trends
- The meme coin market cap surged by 50% in the past month as Dogecoin anticipates a bull rally.
- Mind of Pepe (MIND) is gaining attention with its presale, featuring an AI agent that provides market intelligence.
- MIND token acts as a gateway to the platform, with staking offering an APY of 256% and raising $9.3 million in presale funding.
Presale Details:
- Token price: $0.0037515
- Funds secured: $9.3 million
- Accepted currencies: ETH, USDT
- Symbol: MIND
- Blockchain: Ethereum
- Community incentives: 15% of total supply allocated for community activities and staking rewards.