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QQ: 3845655336 There is no charge to enter the community, no exchanges, no recommended links The recent market situation of Dogecoin (DOGE) is, to be honest, a bit "buoyant but somewhat weak". Since plummeting from a high of $0.30 a month ago, the king of memes has been humming along, falling 13%+, and is now sitting around $0.1969, with a daily decline of -0.88%. The market is deserted, retail investors are cutting their teeth, and even the K-line has begun to yawn. but! Just at this moment - the whale woke up! The dog whale that had been sleeping for 11 months suddenly climbed out of the water!According to the latest on-chain data from Onchain Lens, a DOGE whale that has been sleeping for 11 months has finally woken up! This "big brother" directly withdrew 15.115 million DOGE from Binance, worth approximately US$2.95 million. You know, this is not a small act of transferring money casually. When whales take action, it usually means one thing: "Smart money is starting to come back, and the market may really be turning." ”  What's even more interesting is that this whale had previously sold a mere 7,473 DOGE, making a profit of about US$1,450, just like "dumping some chips" symbolically, and then - snapping it back with a full position. Currently, it still holds 15.19 million DOGE in its wallet, worth almost US$12.96 million. To sum up in one sentence: retail investors are on the run and whales are collecting. And every time a whale "wakes up", it often means the prelude to a big market. Retail investors are selling, whales are picking up, and faith is beginning to waver?CryptoQuant’s data truly reflects the current situation – since October, DOGE’s spot trading CVD (cumulative transaction difference) has been negative, which means: “More selling, less buying. ”  Coinalyze also made up for it: in the past 30 days, the net sales of DOGE reached 1.79 million, and the selling pressure was significantly stronger than the buying. This scene is like: retail investors are blaming: "It's over, it's over, if it falls again I won't have money to buy dog food!" ”But the whale was smiling: "Just right, I've got all the dog food. ”  In the long-short confrontation, $0.20 becomes a key battlefield!Dogecoin is currently stuck in a typical "monkey market sideways" stage, with bulls and bears like a tug-of-war, deadlocked in the $0.17-$0.20 range. From a technical perspective, DOGE is now firmly suppressed by the four-day moving average of 20, 50, 100, and 200, and the entire structure has two words written on it: short.  The DMI indicator is also honest:
This is like a 12 vs 39 heads-up, with the bulls being pinned to the ground and rubbing against each other.…… Want to make a comeback? It's difficult, but not impossible. Key breakthrough points:
Once it breaks through, Dogecoin may usher in a small “confidence recovery” rally. However, if the bears continue to hold on, it will have to trade sideways in the $0.17-$0.20 range for a few days. In one sentence: The whales are on board, Dogecoin is still pretending to be asleep.Even though the current market is as cold as ice in winter, the funds on the chain are slowly heating up. The appearance of whales often represents "the return of funds in the bottom area", but this wave of market conditions may still take some time to ferment. “When retail investors cry out, smart money usually turns on the air conditioner quietly. ” The article ends here. I will do a more detailed analysis in the communication group. If you want to join my circle Welcome to private message me to join us→→ VX: JMXM3690  If you can’t add it via WeChat above, you can contact the author on the homepage! Prevent loss of contact QQ: 3845655336  |
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