Dogecoin Whales Scoop Up 620M DOGE in Anticipation of Price Breakout
Dogecoin (DOGE) price has finally taken a turn towards gains as the $0.06 support maintains its stance, but can a true reversal take place. The global cryptocurrency market cap moved back above the $945 billion mark after a 3.34% increase over the last day. During this time, altcoins took the lead in terms of market gains.
DOGE’s 4.5% gains on the daily chart weren’t massive compared to some of its altcoin peers, however, changes in certain long-term technicals and on-chain signals gave way to higher social anticipation among DOGE HODLers. The DOGE price has made lower lows on the daily chart since Sept. 13. Prior to that, the meme token managed to make occasional gains owing to the larger market’s short-term bullishness or high social anticipation. In the early trading hours of Sept. 23, DOGE recorded its first higher low after a long downtrend, hinting at a reversal from the $0.057 support level.
Source
@Doge_ShibaInu
