$100 Million Crypto Whales Purchase Could Rescue Dogecoin (DOGE) from Rough October

BE[IN]CRYPTO10-05 07:00

Whales bought 1 billion DOGE, worth $100 million potentially signaling a price recovery after recent dips. Dogecoin's holding time surged by 536%, indicating investors are holding, anticipating future...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$100 Million Crypto Whales Purchase Could Rescue Dogecoin (DOGE) from Rough October\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-05 07:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/crypto-whales-back-dogecoin-price/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whales bought 1 billion DOGE, worth $100 million potentially signaling a price recovery after recent dips.\nDogecoin's holding time surged by 536%, indicating investors are holding, anticipating future...</p>\n\n<a href=\"https://beincrypto.com/crypto-whales-back-dogecoin-price/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://beincrypto.com/crypto-whales-back-dogecoin-price/","article_id":"2473910287","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/01/bic_Dogecoin-covers_positive-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473910287","pubTimestamp":1728082800,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Whales bought 1 billion DOGE, worth $100 million potentially signaling a price recovery after recent dips.Dogecoin's holding time surged by 536%, indicating investors are holding, anticipating future gains.DOGE's price may break the falling wedge, possibly reaching $0.17 if the bullish trend continues.Since Wednesday, crypto whales have purchased about 1 billion Dogecoin , suggesting that these investors could save the meme coin from a poor start to a historically bullish October. On Sunday, Dogecoin’s price was $0.13, but today, it is down to $0.10.From the look of things, this substantial buy-in could provide DOGE with the support it needs to erase the recent losses. But is this accumulation enough to change the course for the meme coin?At its current price, these coins are worth about $100 million. Typically, when whales purchase large amounts of coins like this, the cryptocurrency involved becomes more attractive to investors.On the daily chart, Dogecoin’s price is seeking to break","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc."},"translate_title":"1亿美元的Crypto Whales收购可以将狗狗币(DOGE)从艰难的10月中拯救出来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1},"content_text":"Whales bought 1 billion DOGE, worth $100 million potentially signaling a price recovery after recent dips.\nDogecoin's holding time surged by 536%, indicating investors are holding, anticipating future gains.\nDOGE's price may break the falling wedge, possibly reaching $0.17 if the bullish trend continues.\n\nSince Wednesday, crypto whales have purchased about 1 billion Dogecoin (DOGE), suggesting that these investors could save the meme coin from a poor start to a historically bullish October. On Sunday, Dogecoin’s price was $0.13, but today, it is down to $0.10.\nFrom the look of things, this substantial buy-in could provide DOGE with the support it needs to erase the recent losses. But is this accumulation enough to change the course for the meme coin?\nWhales Buy the Dogecoin Dip, Investors HODL\nAccording to Santiment, the number of coins owned by addresses holding 100 million to 1 billion DOGE was 29.88 billion on October 2.  As of this writing, that figure has increased to 30.88 billion. This means that crypto whales purchased 1 billion within the last two days.\nAt its current price, these coins are worth about $100 million. Typically, when whales purchase large amounts of coins like this, the cryptocurrency involved becomes more attractive to investors.\nThis encourages more market participants to buy and eventually drives prices higher. For DOGE, it appears that these whales are taking advantage of the recent discount and buying the dip.\nDogecoin Balance of Addresses. Source: Santiment \nIf this trend continues, Dogecoin’s price could experience significant appreciation in the coming weeks. Additionally, the cryptocurrency’s Coin Holding Time has surged during the same period in which crypto whales increased their holdings.\nInterestingly, Juan Pellicer, Senior Researcher at IntoTheBlock, also believes that the move could be vital to DOGE’s price rebound.\n\n“This uptick in accumulation coincides with growing positive sentiment in the memecoin space, with notable figures like Arthur Hayes sharing their bullish outlook on memecoins. Also, the fact that whales are steadily increasing their holdings suggests growing trust in Dogecoin’s potential, which could be a sign of further price gains ahead,” Pellicer told BeInCrypto\n\nRead more: How To Buy Dogecoin (DOGE) and Everything You Need To Know\nDogecoin Coins Holding Time. Source: IntoTheBlock\nCoins Holding Time refers to the duration a cryptocurrency is held without being sold or transacted. A decrease typically signals high selling pressure. However, in Dogecoin’s case, the holding time has jumped by 536% in the past seven days, suggesting that investors are HODLing and patiently awaiting potential gains.\nDOGE Price Prediction: Breakout Incoming\nOn the daily chart, Dogecoin’s price is seeking to break out of the falling wedge. This technical pattern is formed by two descending trendlines. It is categorized as a bullish reversal because it appears when a cryptocurrency has made its final downward move, and buyers take advantage of sellers’ exhaustion.\nWith DOGE at $0.10, this move suggests that the coin might no longer experience a significant downturn in the short term. Also, the Relative Strength Index (RSI) measures momentum and gears up for a break above resistance.\nRead more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season\nDogecoin Daily Price Analysis. Source: TradingView \nIf validated, Dogecoin’s price could surpass the $0.11 overhead resistance and potentially climb to $0.17 within a few weeks. However, if it faces rejection at $0.11, this forecast may be invalidated, and Dogecoin could drop to $0.092.\n\n\n\n\nBest crypto platforms in Europe | October 2024\n\n\n\nYouHodler\nExplore\n\n\n\n\n\n\nWirex App\nExplore\n\n\n\n\n\n\nCoinbase\nExplore\n\n\n\n\n\n\nBYDFi\nExplore\n\n\n\n\n\n\nExodus\nExplore\n\n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | October 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nExodus","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473910287"}