Dogecoin

<ul><li>Whale activity spikes, yet Dogecoin drops 8.71% to $0.1472 amid high trading volume and bearish sentiment.</li><li>Key support at $0.1430 and resistance at $0.1612 are crucial for Dogecoin&#39;s near-term price direction.</li><li>RSI at 40.67 suggests nearing oversold conditions; MACD below signal line indicates short-term bearish trend.</li></ul><a href="https://cryptotale.org/whales-accumulate-200m-dogecoin-amid-price-dip-analyst-predicts-bullish-future/" rel="noopener noreferrer nofollow">Dogecoin</a> whale activity has surged recently, with over 150 transactions, each exceeding $1 million, recorded in the past 24 hours as highlighted by <a href="https://x.com/ali_charts/status/1799056197326430298" rel="noopener noreferrer nofollow">Ali Martinez</a>, a top analyst. Despite this high level of activity, the price of Dogecoin has fallen by 8.71% over the past day, currently standing at <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">$0.1472</a>. The market cap is around $21.29 billion, and the 24-hour trading volume has increased by 97.44% to $1.70 billion.In the short term, Dogecoin&#39;s price trend exhibits significant volatility. The price started at approximately $0.1612 and experienced a sharp drop to a low of $0.1430 before recovering slightly to $0.1472. This rapid decline indicates strong selling pressure within the market. The critical support level at $0.1430, representing the recent low, is vital to watch. If breached, the price might fall further to the next support level around $0.1420, which was noted in the early hours before any recovery attempts.On the other hand, resistance levels are also evident. The initial price before the decline, around $0.1612, serves as a significant resistance point. For any substantial recovery, the price needs to surpass this level. Additionally, minor resistance exists in the $0.1580 to $0.1590 range, where the price briefly consolidated before the decline. Breaking through this range could signal a bullish momentum shift.<a href="https://cryptotale.org/jasmycoin-jasmy-bulls-dominate-with-2x-surge-post-pennant-breakout/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Dogecoin Whale Activity Surges with Over 150 Million-Dollar Transactions Amid Price Drop

CryptoTale

Other articles published on Jun 10, 2024

OKX Becomes Latest Victim Of Crypto Theft As SMS Notification Security Fails

Ripple CTO Issues Critical Scam Warning to XRP Army

Ethereum Foundation’s $56.1M Kraken Deposit Sparks Speculation Amid Price Drop

BONK Prepares for a Drop as Meme Coin Craze Subsides

Rapper Iggy Azalea says MOTHER token can be used to buy smartphones and cell plans

Cryptos to Buy into Current Market Dip: Last Chance to Invest Before the Bull Run Comes

Join our free newsletter for daily crypto updates!