The most important resistance level to monitor with the target price of Dogecoin for a potential rise of 84% is the neckline level at $0.23, which could determine whether the price will increase by 84%.
The other critical level to watch is the area between $0.31 and $0.35. Previous data shows that traders took profits at this area in early January, creating significant resistance. Therefore, even if Dogecoin surpasses the neckline, it must rise above this area before climbing to $0.44.
Meanwhile, a drop below the round bottom support at $0.14 will invalidate the bearish outlook. A breach of this support could accelerate the downward trend to around $0.11. The value of the whale's holdings in Dogecoin reached 24.98 billion US dollars. Large trading addresses ( or whales ) may be preparing for a strong upward movement as the deadline for the DOGE exchange-traded fund approaches. Addresses holding between 10 million and 100 million DOGE tokens have accumulated up to 320 million tokens over the past week. Following this purchase, the total number of tokens held by these addresses reached 24.98 billion tokens, marking an all-time high.
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The most important resistance level to monitor with the target price of Dogecoin for a potential rise of 84% is the neckline level at $0.23, which could determine whether the price will increase by 84%.
The other critical level to watch is the area between $0.31 and $0.35. Previous data shows that traders took profits at this area in early January, creating significant resistance. Therefore, even if Dogecoin surpasses the neckline, it must rise above this area before climbing to $0.44.
Meanwhile, a drop below the round bottom support at $0.14 will invalidate the bearish outlook. A breach of this support could accelerate the downward trend to around $0.11.
The value of the whale's holdings in Dogecoin reached 24.98 billion US dollars.
Large trading addresses ( or whales ) may be preparing for a strong upward movement as the deadline for the DOGE exchange-traded fund approaches. Addresses holding between 10 million and 100 million DOGE tokens have accumulated up to 320 million tokens over the past week. Following this purchase, the total number of tokens held by these addresses reached 24.98 billion tokens, marking an all-time high.