Dogcoin $0.229428an increase of about 14 percent in the last month, while an annual basis increased by more than 130 percent. In the short term, a 3 percent rise tendency continued, while a slight loss of value experienced in the last 24 hours. Experts, on the other hand, discuss whether the consolidation process or trend fatigue will come to the forefront in Dogecoin.
Purchases from whale accounts continue
Great investors in Dogecoin have recently considered decreases as an opportunity. The total assets of wallets, which have more than 1 billion dogcoin since August 14, have increased approximately 270 million Dogecoin. This development is interpreted as high -balance investors purchasing at existing levels and maintaining their confidence in the project. Experts say that such purchases may play a supportive role in moments when the market is weak.
In this analysis, “Big -balance buyers increase purchases when the market is weak and this strategy is reflected in the market as a signal of trust”.
Decrease signal in sales edition
Another important indicator, “Spent Coins Age Band” data pointed out that sales pressure on the market has decreased. This metric measures the mobility of the long -held Dogecoins. According to the figures obtained, yesterday, 429.77 million active Dogecoin amount, today decreased to 209.72 million today. This decrease shows that old coins were not sold, especially in the period when large investors were purchased, and that the sales pressure weakened is weakened.
In the assessment of the subject, “large investors are purchasing from the bottom levels, while the long -standing assets are seen to be on sale,” the statements of the statements were given.
Short -term ascension tendency and graphic analysis
In the technical analysis, the potential of rise in the short term in Dogecoin’s 4 -hour graphics stands out. Crypto currency has approached the critical $ 0.232 level of $ 0.232 in short -term rise. It is suggested that a permanent rise above this level can lead to the continuation of the rise of buyers.
The Bull Bear Power (BBP) index, one of the technical indicators, also shows that recipients are starting to increase the impact of buyers in a 4 -hour time period. The return of the BBP value to the positive supports the comments that the market gains strength.
Analysts say that whale accounts continue to purchase and the lack of long -term -hand -held coins can increase the likelihood of rise. However, a clear closing below the $ 0.216 level can reversed this optimistic table in the short term.
As a result, Dogecoin continues its positive course in the short term with factors such as purchases of large investors and weakening of sales pressure. However, technical levels and investor behaviors may determine the direction of the coming period.
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.
