Dogcoin $0.201357In the last 24 hours, it attracted attention with its 1 billion Dogu whale purchase and $ 3 million shorts. The price fell to 0.2009 dollars and closed last week with 10 percent loss, while 20 -day EMA ($ 0.2129) and 50 -day EMA ($ 0.2060) support. Analyst Ali Martinez stressed that aggressive accumulation can test the liquidity in the sales barrier. Coings’ data shows that despite the increase in the derivative volume, open positions have dropped to $ 3 billion.
Whale purchases reshape market pressure
The collective purchase of whale addresses was recorded as the largest one -day flow since November 2024. According to Martinez’s data, this whale intake increased the courage of the buyer in both spot and derivative markets. With this CoinglassDespite the daily volume rising to 4.82 billion dollars, the data alleviated the leverage pressure by decreasing open positions. shows. The $ 3 million liquidation in the Short Squeeze region in the $ 0.208 area has temporarily weakened sales orders and prepared the ground for a possible jump of the price.
However individual investor cautious air continues on the front. Sales orders, which are stacked at $ 0.208 and $ 0.228, have a sales barrier effect. If the new purchases do not continue, the profit purchase from these regions may withdraw the price down again. On the other hand, sudden recovery based on volume can rapidly turn the direction up by trapping leverageous shorts.
What do technical indicators say about Dogecoin?
The expanding wedge formation in the weekly graph had produced hard volatility in the previous wave in the previous wave. Analyst Tardigradea similar table revealed. This level stands out as a critical region to be defended in the short term.
Relative power index (RSI) at the level of 44.7 and is approaching the excessive sale limit. Macd While still staying in the negative intersection, Chaikin Money FlowThe horizontalization of the -0,01 shows that capital outlets are weakened. The technical picture points to a market environment where sales pressure is reduced but the net direction decision is not yet made.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
