Recently, Dogecoin ($DOGE) is making moves again! 🐶💥
In the past 30 days, whales (large holders) have quietly bought over 1 billion DOGE, and these actions perfectly coincide with the price increase, making the community excited🔥
🐋 The giant whales are buying, and the community is excited!
Crypto analyst Ali Martinez revealed on X (formerly Twitter) that some wallets have recently been on a buying spree, especially large holders with 100 million to 1 billion DOGE, continuously increasing their positions since April 15.
And then guess what?
On May 8, Dogecoin suddenly surged, rising 45.5% in just three days, peaking at $0.25049! 📈
This operation left the community stunned: "Whales buying like this, it's strange if it doesn't rise!" 😮💨
📉 But good times don't last long? A 'triple top' signal appeared...
However, everyone should not be too impulsive—there is a technical pattern called 'triple top' appearing on the chart, where the price has surged three times but failed to break through, which may indicate 'unable to rise and needs correction'.
Sure enough, Dogecoin dropped 11% in the past two days, falling to a low of $0.21823, then rebounding slightly today, currently priced around $0.223.
So will it continue to push forward? Or take a break? The key depends on...
Wei Zhou Jia zh113
🧱 "Life and death resistance level": $0.25 ~ $0.26
Ali Martinez specifically pointed out that the $0.25-$0.26 level is an important resistance level that Dogecoin has repeatedly failed to challenge, serving as a psychological + technical 'iron threshold'.
In the past few instances, Dogecoin was pushed down every time it reached this level and couldn't hold its ground. Whether it can successfully break through this time is crucial! 🔑
If the breakthrough is successful ✅: It may welcome the next wave of bull market rhythm🔥
If it gets blocked again ❌: It may continue to consolidate or even correct😓
💡 On-chain data is also shining: activity surged 📊
But don’t rush to conclusions; there are still some positive signals worth noting:
The daily active address count is increasing → More people are using DOGE
The volume of transactions in dollars is rising → Capital inflow is becoming more active
Whale trading volume is also up → 'Smart money' may be positioning again 🧐
These on-chain actions are often signals before a major market movement in history, so it can now be viewed as a potential positive sign👍
✅ To summarize, suitable for beginners to understand:
🐋 The giant whale swept up 1 billion DOGE in a month, a basic bullish signal ✔️
🧱 The current biggest hurdle is the $0.25~$0.26 resistance zone
📈 On-chain data supports activity, trading volume, and large holder actions are all increasing
❗Whether the price will continue to rise depends on whether it can break through this iron threshold!
What do you think? Is it the night before takeoff, or preparing for a washout?
Dogecoin is at a critical moment again, tonight's trend may determine next week's rhythm, let's wait and see👀 public
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