Dogecoin in the last two weeks $0.204937 The rise in the price is associated with the intense purchases of large investors (whales). Market analysts, whales in the last 14 days 200 million dogecoin by taking the price of the price, he says. While the mobility in the futures market increases, the increase in transaction volume and open position rates attracts attention. Investors evaluate these developments with cautious optimism.
Big volume purchase from Dogecoin whales
The loaded purchases made by Dogecoin whales were influenced by the direction of the market. Analyst Ali Martinez, in a statement on his social media account, whales have received 200 million Dogecoin in just 14 days. This strengthened the expectations of rise in the market by increasing the procurement pressure.
The movements of whales in the crypto currency market are usually among the factors that determine the direction of the trend. The purchase of large investors at the same time gives confidence to small investors. For this reason, the last rise in the price of Dogecoin is not only technical, but also psychological factors.
While the price rose from $ 0.15 to $ 0.19, investors began to interpret this increase as the beginning of a long -term trend. Especially in recent weeks, the positive weather has increased the interest in Dogecoin.
There is an increase in futures and volumes
Not only on the spot market, but also on the futures side of the market, remarkable developments are experiencing. According to data, open positions in Dogecoin futures increased by 6 %. This increase shows that the number of investors who have opened a new position in the market has increased.
This mobility in the futures transactions was reflected in the general process volume. In addition to the rise in returns, the increase in volumes supports the interest in the market. These developments reveal that investors have positive expectations for Dogecoin.
Market Expert Trader Tardigrade said that the price of Doge came to the “final stage ve and gave signals of a great rise. Technical indicators also support this view.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
