Can Dogecoin be bought? Check out this big news!
Now that the market is warming up, Dogecoin (DOGE) seems to be on the rise again. Why do I say that? Because a big shot, the so-called whale in the cryptocurrency world, bought 470 million Dogecoins in one go! That's not a small amount. On January 11, 2024, this big shot showcased the purchase on X (the former Twitter).
Look at this, the big shot had his eyes on Dogecoin when it was between $0.314 and $0.355. This price is simply a bargain; it feels like a great opportunity to buy at the bottom.
Currently, Dogecoin's price is hovering around $0.334, and it has risen by 4.5% over the past 24 hours. The trading volume has also increased by 15%, indicating that more and more people are starting to pay attention to Dogecoin, and the market atmosphere is gradually improving.
Looking at the technical analysis, Dogecoin is standing firm at the key position of $0.31, and it seems poised to rise. In the past, every time it reached this position, Dogecoin rebounded, and this time is likely no exception. Those experts and big shots probably see this opportunity too, which is why they dared to buy so much.
Additionally, Dogecoin is currently facing a minor resistance level at $0.34, but if it breaks through, a rise to $0.4 will be just around the corner, and it might even rise by 15%.
Looking at Dogecoin's Relative Strength Index (RSI), it's close to the oversold zone, indicating that Dogecoin might be about to rebound.
Overall, the atmosphere in the cryptocurrency market is still quite positive, although there is some pullback, it looks more like preparation for a rise. Especially after President Trump's inauguration on January 20, 2025, Dogecoin might just experience a significant surge.
So, friends, if you are interested in Dogecoin, now might be a good opportunity. However, investing carries risks; proceed with caution and remember to do your own research!
As for the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, expecting a space of over 10 times is not a problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market layout.
