Amid ongoing market uncertainty, the largest Dogecoin (DOGE) whale has begun showing interest and making a big move. On March 10, 2024, a prominent crypto analyst shared a post on X (formerly Twitter), revealing that the largest DOGE whale has accumulated a significant 1.7 billion meme coins over the past three days.

Dogecoin Whale Eyes on Big Rally

This substantial accumulation by the largest whale was observed when the price of DOGE had fallen significantly, reaching a crucial support level. It also appears that a big move is on the verge of occurring. Following this massive accumulation, the meme coin has once again regained its crucial level and is showing signs of a further price jump.

Current Price Momentum 

DOGE is currently trading near $0.174 and has recorded an 8% price drop in the past 24 hours. During the same period, its trading volume surged by 150%, indicating increased participation from traders and investors as the price reached a crucial support level.

Dogecoin (DOGE) Technical Analysis and Upcoming Levels

According to expert technical analysis, DOGE remains in a bullish condition and is near the crucial $0.18 level, which has a history of strong price reversals. Based on recent price action and historical patterns, if the meme coin holds this $0.18 level, there is a strong possibility that it could soar by 36% to reach $0.24 in the coming days.

Despite the ongoing price recovery, DOGE’s Relative Strength Index (RSI) remains low at 33, indicating that the asset lacks the strength to surge. However, if sentiment improves and accumulation continues, its strength could recover soon.

$63 Million Worth of DOGE Outflow

Besides the massive accumulation by the largest whale, data from Coinglass reveals that investors and long-term holders have moved $63 million worth of DOGE from exchanges in the past 24 hours, indicating potential accumulation.

When accumulation and outflows from exchanges begin to occur, it potentially signals a price increase rather than a decline.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed