In the midst of the uncertainty of the current market, Dogecoin (Doge), the popular piece of memes, is ready for a massive rally rally because it has drawn generalized attention, the crypto-beaks betrayed strongly. Recently, an eminent crypto expert published on X (formerly Twitter) that the whales accumulated 560 million significant Doge last week.
Crypto whales buys 560 million DOGE coins
The position on X also pointed out that this significant accumulation comes after an intense sale, which is currently pointing out an increasing interest in long -term holders, whales and investors. In addition, long -term whales and holders have constantly been found by accumulating tokens.
Data from Quince The metrics of occasional entries / exits revealed that the exchanges experienced an exit of $ 13 million in Doge, indicating a potential accumulation and the possibility of buying pressure.
However, despite a substantial accumulation, the part of memes Doge has not witnessed major earnings or purchase pressure.
Traders increased interest
In addition to the strong accumulation by whales and long -term holders, intraday traders seem optimistic on the memes piece today, on February 1, 2025. At the time of the press, the long / short doge ratio is 1, 05, indicating a strong optimistic feeling among traders.
With all these metrics in chain, the memes Doge piece seems bullish, which could support the medal to obtain a massive rally.
Technical Dogecoin (DOGE) analysis and future level
According to an expert technical analysis, DOGE seems optimistic because it seems to form a double -lower brute -bottom price action model on the daily time.
Based on the recent price action and historical dynamics, if Doge is above $ 0.31 level, there is a strong possibility that it can rise by 25% to reach the level of $ 0.415 in the coming days.
DOGE is currently negotiating almost $ 0.33 and has experienced a modest price drop of 0.25% in the last 24 hours. During the same period, its negotiation volume increased by 35%, which indicates increased participation of traders and investors compared to previous days.