Yesterday morning, the media platform Odaily reported that whales had bought 590 million Doge. The purchase was made the day before yesterday.
Let's look at the graph
Apparently the purchase was made on the decline at a low price. (Almost as low as now😉)
For what?
Only they know this, but we can assume that this is an investment to make money on rising prices.
According to forecasts from popular analytical platforms, the price in 2025 may reach $0.75 per DOGE, that is, an increase of 100%.
Twitter's (X) Trader Tardigrage has a different opinion. Yesterday he published a post where, based on technical analysis, he suggested that the price will rise above $2 in 2025. 😲
Let's look at the chart again. Today the price has dropped again. Maybe this is a chance to buy for those who missed it?
I would buy and sell at the nearest resistance (gray line). But I know that there are those who are ready to take a risk and invest long-term to earn more. Which strategy is closer to you?