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在过去的三天里,鲸鱼们购买了 2.7 亿枚 DOGE 币,这表明活动加剧,并有可能从最近的价格下跌中反弹。鲸鱼交易的激增与狗狗币的显着价格波动相关,表明它们对市场有重大影响。
Whales have acquired an impressive 270 Million DOGE in just the last three days, a development that has not gone unnoticed by those keeping a close eye on the cryptocurrency market. This activity is also impacting DOGE price, with historical patterns suggesting a potential rally might be on the horizon.
Usually, such buying by whales precedes rallies, and this time around, it seems like the Power of Three (PO3) strategy might be playing out on DOGE price. This strategy spans several weeks and includes stages of Accumulation, Manipulation, and Distribution.
Analyzing the daily chart for DOGE on TradingView reveals this pattern. The Accumulation Phase began in early November, with minimal price movement indicating investors were quietly buying up DOGE.
This shifted to the Manipulation Phase by mid-December, with abrupt price changes to shake out weaker hands, testing newer investors’ resolve through engineered price dips.
The final phase, Distribution, is expected to follow, with price increases in sight if it mimics past patterns. This could see a rally approaching or exceeding past ATHs, with targets reaching as high as $1.
With Dogecoin’s recent activity and attention on social media, a bullish trend is being speculated, which could be further fueled by market movements. This analysis provides a strategic entry point for those looking to capitalize on DOGE’s cycles.
Smart money sentiment towards DOGE is positive at 1.42, contrasting with the crowd's slight bearishness at -0.32. This divergence suggests that experienced investors are optimistic about DOGE's future.
If smart money continues to accumulate, DOGE price could see upward momentum, potentially pushing towards the $1 target. This bullish outlook from smart money, coupled with a stabilization or shift in crowd sentiment, is crucial for sustaining a rally.
This scenario reflects a growing confidence that could catalyze broader market interest and investment in Dogecoin, contributing to its climb towards the anticipated price level.
Additionally, Choise.ai's (CHO) MemeBank, which features Dogecoin, is set to launch, impacting DOGE's market position.
This MemeBank will feature functionalities like custom wallets and debit cards, enhancing user engagement and making DOGE more integral in daily transactions.
Moreover, the MemeBank's strategy to burn CHO tokens with every transaction will also support the token's value by reducing its supply. This increased utility and reduced token supply will drive DOGE's demand, pushing it closer to the $1 price target.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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