Dogecoin (Doge) has again captured the encryption market, as important investors began transactions indicating a possible price increase.
Dodge The billionaires collected approximately 110 million symbols during the past 48 hours, indicating a large level of interest in the encrypted currency inspired by the M.
Although some analysts explain this as a positive sign, technical indicators show that the next path may not be smooth as some might expect.
Whales are made with a splash with 110 million dodes
The wealthy buyers recently loaded their bags with millions of distinctive symbols. Although this purchase led to rumors of a possible occurrence, it is common for whales to collect assets before significant changes in prices.
Dog's price is about 0.244862 today. It was a high point for today 0.247588 dollars and its low point was $ 0.243102. Whales seem to be preparing for a possible rise during this accumulation stage, but it is not clear whether this will lead to a continuous height.
The main resistance levels and its support in focus
A technical study showed that Dogecoin is now facing strong resistance between $ 0.2556 and $ 0.2650. If the bulls penetrate these levels, a greater height may begin. However, the fact that it failed to penetrate support can lead to a decline or more stability.
The most important support zone for #DogeCoin $ Doge It ranges between $ 0.19 and $ 0.16. If this level continues, the target is $ 3 is still a strong possibility. pic.twitter.com/vzyqsm2p8u
Ali (ali_charts) February 22, 2025
Doug's weakness is that it needs strong support at $ 0.19 and $ 0.16. According to the Crypto analyst, Ali Martinez, it is extremely important that the Mimi coin over these support areas remain in order to maintain any positive progress.
If this support is not going, $ 3 goal Martinez said Mimi is still a strong possibility. However, if Dog falls less than these values, it may be more severe on the way.
Technical indicators and mixed signals
Despite the accumulation of whales, technical signs indicate a more cautious situation. Currently, the RSI is close to neutral. Meanwhile, the difference in moving average rapprochement shows signs of landing, indicating that there can be pressure on the negative side.
In order to make sure whether whale activity will be sufficient to reflect the current negative momentum, traders monitor these indicators. Because of the contradictory messages, what Dog will do then.
Can Dogecoin reach $ 3?
The idea of hitting Dogecoin $ 3 has a cryptocurrency community, but this is still a theoretical goal. Although the large accumulation indicates confidence between the major participants, the feasibility of this rise in prices will eventually depend on market conditions and technical resistance levels.
Distinctive photo of Pexels, tradingView graph