Dogecoin whales move 160 million coins: Will the price reach $0.13?

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move Whale Dogecoin has been going strong recently; During the 96-hour window that ended on May 4, major shareholders acquired about 160 million DOGE shares, worth about $18 million, pushing the meme above the $0.11 resistance level that had kept its price down for months.

Analyst Ali Martinez was the first to show these clusters on the X platform, which were later confirmed by on-chain data from the Santiment platform.

The levels of the top owners increased from 17.82 billion to 18.15 billion DOGE in those 96 hours, the whales now control about 11% of what is circulating.

The price responded strongly, with DOGE rising from $0.1075 to $0.1119 in one operation following the volume of trading. like I went up Open interest in DOGE futures rose nearly 30% to $1.77 billion over the past week, with a long/short ratio of 1.8, indicating that the emerging market is relying heavily on optimism.

While Bitcoin’s recovery to $80,000 provided tailwinds to the market as a whole, DOGE’s move appears to be self-driving. Both MACD and Stochastic RSI showed buy signals on TradingView at the same time, an agreement that traders ignore.

Can Dogecoin price reach $0.13 this week?

DOGE has a strong short-term outlook at the moment, as it maintains its position above several key Exponential Moving Averages (EMAs), which is a bullish indicator. The sudden increase in trade volume of about $2 billion adds to the weight of this movement, showing the real participation of the market and not just passing through the noise.

But the missing piece remains the 200-day EMA; Unless DOGE resumes at this level, the situation is improving but still not changing.

The level of $0.109 is currently the main support, and as long as the price remains above it, the system remains stable and the channel is opened to higher levels.

As for the upper targets, $0.12 is the next important level, and breaking it opens the way to $0.13.

The danger is that the risk will reach the peak, as the Relative Strength Index (RSI) is already there, so the return to $0.10 may not go above.

The most likely scenario is for DOGE to enter a consolidation zone between $0.109 and $0.12, or pull back a bit before trying to rise again. In short, we are looking for a bullish setup with a strong trading volume, but it needs a cooling period or a clean explosion to continue the growth.

Maxi Doge’s function may be interrupted if DOGE’s power is extended

DOGE trading at $0.11 is good, but the truth is that the asymmetric profit opportunity is over. It’s a market worth $16 billion, although the dynamic movement is deliberate rather than explosive.

This is why some traders move quickly to other things, looking for opportunities that haven’t started their big journey.

They attract the project Maxi Doge Be careful on this path. It is a meme brand that is built around the culture of business, and it consists of innovative strategies, competitions, and resources that are designed to support economic growth and development. The pre-sale price was about $0.0002816 and about $4.76 million raised, indicating continued demand.

The appeal here is clear; The project is in its early stages, guided by the story, and is in a place where entrepreneurs are looking for a big profit.

However, the project is still in the sales phase, funding is not guaranteed, execution plays a critical role, and volatility can increase once launched.

The trade-off is simple: DOGE offers a sustainable solution with limited potential at this time, while a project like Maxi Doge offers an opportunity with high growth potential, but with high risk.

You can go to Maxi Doge from here.

A note Dogecoin whales move 160 million coins: Will the price reach $0.13? appeared for the first time Cryptonews Arabic.



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