Popular analyst Ali Martinez shared intriguing information about a significant purchase of Dogecoin. In the past 24 hours, major investors acquired 140 million DOGE, representing a substantial volume at the current rate.
Details of the Purchase
In the last 24 hours, major investors, known as 'whales', acquired 140 million Dogecoin, equivalent to 56 million dollars at the current rate. This amount constitutes more than 2% of the daily volume of trades, which now hovers around 2.64 billion dollars.
Current DOGE Price Situation
Currently, the price of Dogecoin is approaching a major resistance zone at the $0.40 mark. This may suggest a potential breakout, drawing even more attention to the asset. At the moment, whales holding between 1 million and 100 million DOGE are actively monitoring price changes.
Possible Market Consequences
A successful breakout may raise the price to the next resistance level set at $0.46, where DOGE peaked in 2024. This acquisition also indicates potential investor confidence in the growth of altcoins, which could reflect an expanded interest in the entire Dogecoin ecosystem.
The latest acquisition of Dogecoin by major investors may indicate a belief in the future growth of the cryptocurrency, as well as a potential breakout of the coin to a new level. With growing attention to DOGE, its chance to regain its positions is gaining momentum.
