1 billion DOGE mysteriously transferred, are whales planning a big move?
On April 27, early in the morning, the blockchain monitoring platform Whale Alert issued an alert: an anonymous address suddenly transferred 1 billion DOGE from the exchange to a cold wallet. This unusual action sparked wild speculation in the market:
It could be institutions accumulating stock: whales usually accumulate at low prices and then push up with positive news.
Or it could be the project team locking up: reducing circulation, artificially creating scarcity to drive up prices.
Even related to Musk: he previously hinted that 'the X platform (formerly Twitter) may integrate DOGE payments.'
The candlestick chart shows the 'Golden Dog Paw' pattern, with technical indicators sending a strong buy signal.
On the 4-hour candlestick chart of DOGE on April 27, a special arrangement of moving averages formed a 'Golden Dog Paw' pattern — a rare bullish structure in the cryptocurrency market, characterized by:
Doubtful -- Public Account: Feng Baobao is roasting sweet potatoes.
Short-term moving averages (5-day, 10-day) crossing above long-term moving averages (50-day, 200-day), forming a 'claw tip,' indicating strong upward momentum.
The MACD histogram has turned red and continues to expand, indicating that buying power is gathering.
RSI breaks 60 but is not overbought, indicating that there is still room for upward movement.
Technical analyst @DogecoinSniper stated: 'The 'Golden Dog Paw' appeared before DOGE skyrocketed 1000% in 2021, history may repeat itself!'
The MACD bullish crossover for Dogecoin is another green light.
Dogecoin MACD golden cross reappears, analyst Tardigrade predicts a surge to $1.30!
Renowned Dogecoin trading and analysis expert Trader Tardigrade recently released a major analysis, pointing out that a bullish MACD crossover has appeared on the 3-day timeframe chart for Dogecoin. This strong signal undoubtedly adds fuel to the upward trend of Dogecoin! Tardigrade confidently stated in the blog post that Dogecoin has successfully completed its recent pullback, and the MACD golden cross is a clear confirmation of the bullish reversal. He further pointed out that the technical structure of lower time frames also supports this upward momentum, laying a solid foundation for Dogecoin's continued rise.
In the MACD chart shared by Tardigrade, three historical crossover points are clearly marked, each of which has invariably triggered explosive price increases for Dogecoin. After each crossover, Dogecoin entered a strong upward channel lasting for several weeks. Now, the latest MACD golden cross coincides with Dogecoin's recent strong price trend, giving Tardigrade reason to believe that as long as the current momentum is maintained, Dogecoin will experience an unprecedented surge, with prices even expected to break the $1.30 mark!
However, Tardigrade also reminds investors that despite the multiple bullish signals currently facing Dogecoin, achieving the $1 target still requires overcoming significant hurdles. The primary task is for the closing price to definitively break through the key resistance level of $0.20. Once this price level is successfully established, the cryptocurrency market will rejuvenate with strong bullish momentum, paving the way for further increases in Dogecoin.
As of the time of writing this article, the trading price of Dogecoin is hovering around $0.1862.
