Among the developments that attract attention in the crypto market are the major transfer transactions of DEGE. A whale transferred 478 million Doge (72.9 million dollars). This process and other similar activities are evaluated that it can increase price mobility in the market.
Doge whale movements
Following the big transfer, other investors took 800 million dors in 48 hours. This signals that the market is actively traded and some investors tend to increase their assets on Dogge. There is no clear information about the welding and outgoing wallets of transactions.
Crypto analyst Master Kenobi evaluated that the price of Dogecoin may be out in the light of existing graphic formations. The rising rectangular formation observed in the graph indicates that the output may be experienced.
Master Kenobi: “The output in the price of Dogecoin is expected to take place in a short time, and the graph has a rising rectangle.”
Trader Tardigrade on the same platform, the 1 -hour graph, said the departure signals and excessive sale zones were taken from the downward trend. Analysis suggested that a longer consolidation in the symmetrical triangle formation could cause the price to gain upward acceleration.
Doge Expectations
Other analyst Ali Martinez pointed out that the preservation of certain critical support levels will be important for the continuation of the rise trend in the Doge price. Martinez said that the protection of 0.13 and 0.17 levels is necessary for the price to reach the targeted levels.
According to graphical analyzes, if the upper limit of the existing rectangular channel is reached, the price is expected to rise up to around $ 0.8. Investors evaluate that formations and designated support levels may be decisive in the short term.
Market observations give the impression that there is a mobility parallel with other large subcoins on Dogecoin.
In the light of investor reviews and technical analysis, it is possible to observe short -term fluctuations in the Dogge price. It is stated that monitoring of formations and support levels may be important for investment strategies.
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.
