Whales Acquire 470 Million Dogecoin in 48 Hours Amid Price Testing Key Level
Dogecoin has declined by 20% from recent highs but remains above a critical demand zone. Despite market volatility, large holders have accumulated over 470 million DOGE in the last 48 hours, indicating confidence in the asset's recovery.
Key Points
- Current price of Dogecoin is $0.33, with support at $0.31.
- Resistance exists around the $0.40 mark; breaking this level is essential for bullish momentum.
- Whale activity suggests strong institutional interest amid broader market uncertainty.
- Failure to surpass resistance levels could lead to further consolidation or declines.
- A breakout above $0.43 may lead to new price highs.
