World Crypto Global Official Site | dogecoin whale activity

Author: Keshav Verma

Dogecoin Out Of Fashion? Volume & Whale Activity Plunges

On-chain data shows the Dogecoin volume and whale activity have plummeted recently, a possible indication that investors no longer have interest in the memecoin. Dogecoin Transaction Volume And Whale Transaction Count Have Declined As pointed out by analyst Ali in a new post on X, DOGE trading activity has become lower recently. There are two on-chain metrics of relevance here: the Transaction Volume and Whale Transaction Count. The former keeps track of the total amount of Dogecoin (in USD) involved in daily transaction activity on the network. A high value of this metric usually suggests that trading interest in the asset is high right now. Related Reading: Bitcoin Flies Above $47,300, But Watch Out For Extreme Greed On the other hand, the low metric implies not many traders are paying attention to the memecoin currently as little volume is transacted on the blockchain. The other metric of interest here, the “Whale Transaction Count,” measures the total number of transfers on the network that are at least $1 million. Unlike the Transaction Volume, which provides information about the network in general, the Whale Transaction Count specifically tells us about the activity being displayed by the whales. The whales are the largest entities on the chain, so they can hold some influence in the market. As such, their activity can affect cryptocurrency in one way or another. Now, here is a chart that shows the trend in the Dogecoin Transaction Volume and Whale Transaction Count over the last few months: Looks like both of these metrics have registered a decline in recent days | Source: @ali_charts on X As displayed in the above graph, both the Dogecoin Transaction Volume and Whale Transaction Count have recently seen a drawdown towards relatively low levels. This would imply that interest in the asset from both the whales and retail investors may have waned in the memecoin. Generally, when buying and selling activity is high, DOGE is likelier to display some volatility. The chart shows that the volatile moves the coin has observed recently all saw the metrics register spikes. Since Dogecoin isn’t observing that many transactions at the moment, it’s possible that the cryptocurrency’s price will continue to range in the coming days. Related Reading: Ethereum Breaks Above $2,400: This Metric Points To Further Upside Any ignitions in the indicators can be to look out for, however, as they may be a predictor for a sharp move in the price. As these metrics only track whether trading activity is occurring rather than if buying or selling is taking place, any volatility arising from these spikes can take the price in either direction. DOGE Price While Bitcoin and other top digital assets have enjoyed profits recently, Dogecoin has slumped sideways, with returns standing utterly flat in the past week. Currently, DOGE is trading around the $0.08 level, as the chart below shows. The price of the coin has been consolidating recently | Source: DOGEUSD on TradingView Due to Dogecoin’s recent poor performance, it lost its spot in the top 10 cryptocurrencies by market cap list to Chainlink (LINK). If the coin’s struggle continues, it might slip further down the list, as Tron (TRX) is lurking just behind the asset now. DOGE appears to have a market cap of $11.4 billion right now | Source: CoinMarketCap Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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Dogecoin Whales Bought Over 90 Million DOGE In 48H Details

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Dec 29, 2024 12:05

Dogecoin Whales Bought Over 90 Million DOGE In 48H Details

Dogecoin is currently trading around $0.31, a level that has left investors in a state of uncertainty. The price has been stagnant, neither breaking down nor rallying, as it consolidates and prepares for what could be a significant move. This period of indecision has fueled speculation among DOGE enthusiasts, with many wondering if the popular meme coin is poised for a breakout or further decline. Related Reading: Bitcoin $90K Level Is Crucial For Bulls Price Could Tag $79K If BTC Loses It Adding to the intrigue, crypto analyst Ali Martinez recently shared key data suggesting a potential bullish outlook for Dogecoin. According to Martinez, whales have accumulated over 90 million DOGE in the past 48 hours, a significant indicator of long-term optimism. Historically, whale activity has often preceded notable price movements, hinting at the possibility of renewed momentum. While the short-term outlook remains unclear, this whale accumulation could act as a strong foundation for Dogecoins next move. However, the meme coin must overcome its current indecision before any substantial trend emerges. Can Dogecoin rally and reignite its meme-driven hype, or will it succumb to further consolidation? Only time will tell as DOGE approaches a critical juncture. Dogecoin Whales Prepare For A Move Dogecoin has been navigating through a challenging phase, with its price experiencing significant drops in recent weeks. Despite the bearish sentiment dominating the broader market, whales have consistently taken advantage of the dip, signaling long-term confidence in the meme coin. This accumulation trend underscores the potential for a bullish reversal in the near future. Martinez recently highlighted compelling on-chain data, revealing that whales purchased over 90 million DOGE in the past 48 hours alone. This buying spree adds to a growing trend of whale accumulation during the current market pullback. Martinezs analysis suggests that large-scale investors are positioning themselves for a long-term rally, viewing the current price levels as an opportunity rather than a risk. Historically, whale activity has often foreshadowed significant price movements and Dogecoins current scenario appears no different. If DOGE can maintain its position above the crucial $0.31 level, the foundation for a massive rally will solidify. However, breaching this support could open the door to further downside, adding urgency to the current consolidation phase. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern Confirmation Could Take LINK To $14 As accumulation continues and key support levels hold, Dogecoins bullish outlook remains intact. Investors are now watching closely to see if this meme coin can capitalize on whale confidence and spark its next upward surge. Key Levels To Hold Dogecoin is trading at $0.31, reflecting a tug-of-war between bulls and bears. Recent price action saw DOGE fail to reclaim the $0.35 mark, a key resistance level that needs to be broken for bulls to regain control. On the downside, attempts to break below $0.30 have also been unsuccessful, signaling strong demand at this level. However, the indecision leaves DOGE at a critical juncture, with both bullish and bearish scenarios still in play. For bulls to reclaim momentum, Dogecoin must push above $0.37 and hold it as support. Breaking and sustaining this level would signal renewed strength, potentially setting the stage for a rally. Without this breakthrough, however, DOGE risks losing its current foothold. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support Top Analyst The broader market sentiment leans bearish, with many altcoins showing signs of vulnerability. If the market enters a deeper correction, DOGE could break below the $0.30 support. Such a move could trigger a cascade of selling, pushing the price as low as $0.20, a significant psychological level and historical support. Featured image from Dall-E, chart from TradingView

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Dogecoin Price Slides 18% But Whale Activity Suggests Bullish Outlook

Author: Jake Simmons

United Kingdom

Source: NewsBTC

Oct 03, 2024 12:05

Dogecoin Price Slides 18% But Whale Activity Suggests Bullish Outlook

The Dogecoin price experienced a significant drop this week, sliding down more than 20% at times, from a peak of $0.1321 on Saturday to a low of $0.1026 by Tuesday. Despite this decline, on-chain metrics and expert analysis suggest a potentially bullish future for the popular meme coin. Dogecoin Price Remains Bullish On-chain analytics firm Santiment has provided a detailed breakdown of Dogecoin’s activity via X today, indicating robust participation from large-scale holders, known as whales, in the cryptocurrency’s network. “Dogecoin has retraced -18% from its top back on Saturday. But on-chain activity indicates that whales may not be done with all the bullish momentum of crypto’s top meme coin. Though they took profit just before the top, their activity remains very high on DOGE’s network,” Santiment reported. The analytics firm also highlighted a surge in Dogecoin’s network activity, noting that Dogecoin just hit a 7-month high in address activity and 4-month high in whale transactions while retail transactions jumped out on the price dip. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts Is DOGE Primed For A Rally? Over the last three days, 63,689 DOGE addresses have transferred coins which marks the largest stretch since April 2-4. Moreover, 1,203 whale transactions (>$100,000) preceded the local Dogecoin price top on September 28th. This marks the highest whale activity since May 26-28. Crypto analyst Ali Martinez highlighted the massive activity within the network via X. Martinez stated: The Dogecoin network is experiencing significant growth! Over the past week, there’s been a 72% increase in new DOGE addresses, and just yesterday alone, 19,630 new DOGE addresses were created! The crypto analyst further bolsters the bullish sentiment surrounding Dogecoin with a technical analysis. Martinez points out that DOGE might be nearing a MACD bullish crossover on the weekly chart, a potential indicator of upcoming price increases. “The last two times Dogecoin DOGE had a MACD bullish crossover on the weekly chart, it rallied 90% and 180%, respectively. A new MACD bullish crossover could be forming soon!” he explained. The MACD, or Moving Average Convergence Divergence, is a crucial tool in technical analysis. It consists of two lines: the MACD line, which is the difference between the 26-period and 12-period exponential moving averages (EMAs), and the signal line, which is the 9-period EMA of the MACD line. A bullish crossover, where the MACD line crosses above the signal line, typically signals a shift from a bearish to a bullish market trend, often interpreted as a buy signal. Related Reading: Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesnt Know Why Another renowned crypto analyst, Luciano, has pointed to a breakout from a descending channel on the daily chart. He advises his 2.2 million followers on X: DOGE has had a decent run in recent times and looks like this will continue. In my opinion dips are for buying and DOGE will have a spectacular season this cycle. DYOR – NAFA At press time, DOGE traded at $0.1087. Featured image created with DALL.E, chart from TradingView.com

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Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip Time For A Breakout?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Jan 29, 2025 12:05

Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip Time For A Breakout?

Dogecoin (DOGE) has faced intense selling pressure since January 18, when it hit a local high of $0.43, leading to a significant price decline. However, the meme-inspired cryptocurrency has demonstrated resilience, finding strong support at the $0.31 level. This critical demand zone has prevented further downside, fueling optimism among investors and analysts that Dogecoin might be gearing up for a new surge. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists Analyst The recent dip has not deterred major players in the market. Top crypto analyst Ali Martinez shared compelling data indicating that whaleslarge holders of DOGEhave been actively accumulating during the pullback. In the last few days, these whales have purchased a staggering 460 million DOGE, signaling confidence in the asset’s long-term potential. Such accumulation trends often point to underlying strength, suggesting that the current consolidation phase might serve as a launching pad for an upward move. With sentiment starting to shift, market participants are closely monitoring whether Dogecoin can capitalize on this accumulation and build momentum for the next leg higher. Dogecoin Prepares For A Rally Dogecoin finds itself at a critical juncture after successfully holding key demand levels during yesterdays market-wide selloff, followed by a swift recovery. The resilience shown at these levels has sparked optimism among investors, with many now anticipating a potential shift in trend toward a bullish phase. Analysts are closely watching Dogecoin’s price action as it consolidates within a crucial range. Top analyst Ali Martinez has shared data that bolsters the bullish outlook for Dogecoin. According to Martinez, whaleslarge holders of DOGEbought an impressive 460 million DOGE during the recent price dip. This significant accumulation by smart money suggests growing confidence in Dogecoin’s long-term prospects and signals that whales see current prices as an attractive entry point. The broader market sentiment is also starting to shift as analysts expect the crypto market to experience an aggressive surge in the coming weeks, with new highs potentially on the horizon. For Dogecoin, breaking above key supply levels will be essential to confirm a bullish breakout. If DOGE can sustain momentum and push past these barriers, it could lead to a rally that tests and even surpasses its multi-year highs. Related Reading: Bollinger Bands Tighten On XRP Daily Chart Major Price Move Ahead? As Dogecoin consolidates and positions itself for a potential upward move, its performance in the next few weeks will likely be pivotal. Holding current demand and reclaiming key levels could pave the way for significant gains, securing its position as one of the markets top-performing assets. Price Action Details: Key Levels Dogecoin is currently trading at $0.33 after experiencing a 9% dip into the $0.30 level yesterday. This sharp decline was quickly met with buying pressure, resulting in a recovery that has left bulls with a slight edge in the market. The ability to hold above the $0.30 level suggests strong demand, and traders are now closely monitoring the next key levels for a potential trend reversal. To confirm a bullish shift, DOGE must reclaim the $0.41 resistance level, a crucial barrier that has held back the price in recent attempts to surge higher. A successful breakout above this level in the coming days would likely trigger a massive rally, with the potential to test higher ranges and possibly even multi-year highs. However, the market may require some time to build the necessary momentum. Consolidation within the current range is a possibility as bulls gather strength and attempt to maintain control. Such a phase would provide the foundation needed for the next leg up. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype For now, all eyes remain on Dogecoins ability to hold its recent gains and challenge the $0.41 level. A break above this resistance could reinvigorate bullish sentiment and set the stage for a significant upward move. Featured image from Dall-E, chart from TradingView

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