Whales Accumulate 100 Million Dogecoin In 24 Hours – Demand Signals Growing Confidence
As uncertainty in global markets began in February, Dogecoin faced increased volatility and sales pressure. Meme coins strive to exceed $0.25, reflecting wider concerns about fears of the U.S. trade war and macroeconomic instability. Investors are cautious, and many are waiting for clear signals before returning to the market. However, key chain data shows that big players are taking advantage of current price levels.
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Top analyst Ali Martinez shared insights showing that whales have accumulated another 100 million thresholds in the past 24 hours. Despite the continued struggle of prices, this trend indicates growing confidence and demand for Dogecoin. Historically, whales’ accumulation has often been preceded by strong changes in prices, as large investors position themselves at potential rallies.
The next few days will be It is crucial for the Governoras it must resume key resistance levels of bullish momentum. Although short-term sentiment remains different, the growing demand among whales shows that smart money is preparing for the next move. If Dogecoin can stay supportive and push up $0.25, a breakthrough could be made in the coming weeks. Investors are watching closely to see if whales accumulate will push the next thigh to Doge.
Dogecoin struggles below key levels
Dogecoin faces challenges as it struggles between $0.29 and $0.25, and its price shows signs of exhaustion. The wider crypto market remains uncertain, Bitcoin remains relatively strong, while Altcoins and Meme Coins continue to bleed. Dogecoin’s price action reflects this instability as the bulls did not recoup critical levels and raised prices down.
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Analysts and investors are increasingly concerned about market conditions. The meme coins that have historically performed well in the bull cycle have performed poorly this time, which has raised questions about their strength in the coming months. However, a key indicator suggests that domycin may be making strong moves.
Martinez shared Link data on X Revealing that whales have accumulated another 100 million thresholds in the past 24 hours. This consistent trend in cumulative signals enhances confidence and rising demand for Dogecoin, even if prices remain weak. Historically, similar cumulative periods ahead of major rally suggest that large players may be positioned for breakthroughs.
If Doge can recoup the $0.25-$0.29 range and turn it into support, the next step is higher probably big. However, not holding key levels may lead to further declines. The next few weeks are crucial to determine whether Dogecoin can recover or pull it into a downward trend.
DOGE price analysis: key levels to watch
Dogecoin has traded at $0.24 after being under enormous sales pressure, down more than 39% since the beginning of February. Price action remains bearish, and as long as the signs of dock are below $0.26, there is no sign of immediate recovery. The bull lost control and every high attempt was strongly resistant.
Now, the key demand level to be maintained is about $0.228, which is consistent with the 200-day moving average. Historically, this level has been a key support zone, and losing it could trigger a further decline of $0.20. If Doge fails to recover $0.26 and convert it into support, the downward trend is expected to continue in the coming days.
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On the other hand, a strong rebound at current levels and a push above $0.26 may mark a reversal, opening the door to retesting the supply zone at $0.29. However, as market uncertainty still values meme coins and altcoins, Dogecoin needs to increase demand to recover momentum. The next few trading sessions are crucial to determine whether Dooger can stabilize or further shortcomings are coming.
Featured images from DALL-E, charts from TradingView
