Dogecoin (DOGE) is experiencing a surge in price as major investors are accumulating more coins, signaling potential for future growth. This behavior aligns with historical trends where buying activity increases during market declines, indicating confidence in Dogecoin's future.
shows, a lot more DOGE is going to the wallets of major holders in the last 24 hours, compared to previous days.Bitcoin Surges as Fed Opts for Massive Rate CutThe increase in activity suggests that major investors may be preparing to make some big purchases, which is often seen during market declines. This behavior aligns with historical trends, indicating increased buying activity at price lows.
Further evidence of this trend is provided by the fact that the number of coins leaving their wallets has fallen from 107.71 million to 51.83 million. This shift shows that these investors think Dogecoin has the potential to grow a lot in the future.This technical pattern, where a short-term moving average crosses above a long-term one, is often seen as a sign of bullish sentiment.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Bitcoin Records Major Bullish Signal, But There’s a Catch
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