At the time of writing, 
DOGEUSDT is trading at $0.246, having recently broken through the $0.241 resistance level. To sustain its upward movement, Dogecoin needs to convert this level into solid support. If it manages to hold above $0.241, it will likely continue rising, with $0.273 acting as the next major resistance point.
The accumulation ofDOGEUSDT by whales is expected to drive the price towards the $0.273 resistance level. Dogecoin whales have been a significant driver of the recent price movement, showing bullish sentiment since the start of the month.
In the past week, addresses holding between 100 million and 1 billion DOGE have accumulated more than 2 billionDOGEUSDT, worth approximately $500 million.
If the Golden Cross continues to signal bullish momentum,DOGEUSDT price could surpass this resistance and continue rising.
However, if the bullish momentum fails to strengthen,DOGEUSDT may experience consolidation between the $0.241 and $0.218 levels. This scenario would indicate a weakening of market confidence, causing a temporary price pullback. Should this occur, the bullish outlook would be invalidated, and further losses may follow.
DOGEUSDT is trading at $0.246, having recently broken through the $0.241 resistance level. To sustain its upward movement, Dogecoin needs to convert this level into solid support. If it manages to hold above $0.241, it will likely continue rising, with $0.273 acting as the next major resistance point.The accumulation of
DOGEUSDT by whales is expected to drive the price towards the $0.273 resistance level. Dogecoin whales have been a significant driver of the recent price movement, showing bullish sentiment since the start of the month. In the past week, addresses holding between 100 million and 1 billion DOGE have accumulated more than 2 billion
DOGEUSDT, worth approximately $500 million. If the Golden Cross continues to signal bullish momentum,
DOGEUSDT price could surpass this resistance and continue rising.However, if the bullish momentum fails to strengthen,
DOGEUSDT may experience consolidation between the $0.241 and $0.218 levels. This scenario would indicate a weakening of market confidence, causing a temporary price pullback. Should this occur, the bullish outlook would be invalidated, and further losses may follow.
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Truly Unbiased Cryptocurrency News beincrypto.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.