LUMEN Cross Analyst revealed a great accumulation trend between Dukwin whalesAnd, which provides ups in the ups of the Doug price. The analyst also mentioned what the price of the M -currency can pay to $ 0.5, which represents a bullish reflection of Dogecoin.
Dogoin whales accumulate with an increase in the price of the eyes to $ 0.5
in X postLomin revealed that Dukwin’s whales accumulated 1.7 billion ducaos ($ 298 million) in 72 hours, which referred to the ups of the ups before the capabilities. Dogecoin Etf approval. The accumulation of this whale has reached a tremendous collapse of the prices for Dogcoin, which decreased by 20 % a week, as it decreased from about $ 0.22 to less than $ 0.16.
Then he continued Lumen to give the price of Mimi’s first currency. He stated that if DOGE regains $ 0.2 before ETFS approval, there is a possibility that Dogecoin will gather to $ 0.5 due to the liquidity of the traded investment funds. He added that the richest man in the world, Elon MuskThe bull’s spreading can also be resumed around Doug as he did before.
It should be noted that the American Securities and Exchange Committee (SEC) recently postponed the approval process Grayscale’s Dogecoin EtfThis indicates that it is unlikely to be approved on the suspended DOGE ETF applications any time soon. However, despite this development, the Ali Martinez’s encryption analyst expected that Doug could recover soon.
The analyst stated that the feelings of investors about Dogecoin are the most negative in more than a year. Martinez added that, historically, extreme fear has put the way for the main repercussions. In line with this, note that this could be a major opportunity to be a contradiction.
The current state of the fever
Encryption Kevin Capital I gave an insight into the current procedure of the Dogecoin price. It was stated that Duji had a rear test of the macro 0.5 Fibonacci. It also contains the totally tested trend lines, including the 200 -week simple moving average (SMA) and the EMA. Meanwhile, the 3 -day relative strength index (RSI) is at its lowest historical levels.
The analyst stated that if Bitcoin price It carries total economy data and monetary policy, then this may be the last opportunity to buy a doge at a relatively low price. He added that many factors in playing and that there is a lot of work that must be done, but the risk reward at this level is “great” given the circumstances.
Encryption Trader tardigrade It also presented an upward look for Dogecoin. He stated that Doug is creating an ascending wedge of 5 waves and is close to collapse on the graph for 4 hours. The analyst added that, after a certain chest, certainly for RSI, Doug bounced into a descending line for the spacious, indicating that the reflection may be imminent.
At the time of this report, the DOGE price is traded at about $ 0.16, an increase of more than 2 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
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