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    Home»Crypto News»Crypto Whales Load Up $640,500,000 Value of Dogecoin (DOGE) in Simply Two Days, Says Analyst – The Every day Hodl
    Crypto Whales Load Up 0,500,000 Value of Dogecoin (DOGE) in Simply Two Days, Says Analyst – The Every day Hodl
    Crypto News

    Crypto Whales Load Up $640,500,000 Value of Dogecoin (DOGE) in Simply Two Days, Says Analyst – The Every day Hodl

    By Crypto EditorJanuary 22, 2025No Comments2 Mins Read
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    Deep-pocketed digital asset buyers are gobbling up huge quantities of the main meme token Dogecoin (DOGE).

    Dealer Ali Martinez tells his 116,800 followers on the social media platform X that whereas retail buyers are getting distracted by the lately launched Official Trump (TRUMP) memecoin, crypto whales closely gathered DOGE to the tune of $640.5 million in simply two days.

    “Whereas everybody focuses on TRUMP, whales purchased 1.83 billion Dogecoin DOGE in [48 hours!]”

    Image
    Supply: Ali Martinez/X

    At time of writing, DOGE is buying and selling for $0.35.

    Taking a look at TRUMP itself, Martinez predicts that the memecoin will surge above $50 if it takes out the diagonal resistance of a falling wedge sample.

    A falling wedge construction is commonly seen as a bullish reversal sample because it means that promoting strain is dropping momentum.

    “TRUMP appears to be forming a falling wedge on the decrease time frames, suggesting a possible consolidation towards the apex earlier than a rebound to $54.”

    Image
    Supply: Ali Martinez/X

    At time of writing, TRUMP is value $32.48.

    As for the Solana (SOL)-based meme token dogwifhat (WIF), the dealer thinks the altcoin is shifting inside a big parallel channel – a sample suggesting that the asset is in a sideways pattern because it respects each the help and resistance ranges.

    With WIF buying and selling near the sample’s help degree at $1.35, Martinez believes that it’s virtually time for the altcoin to spark rallies.

    “We might see additional consolidation across the channel’s decrease boundary earlier than an upswing towards $5!”

    Image
    Supply: Ali Martinez/X

    At time of writing, WIF is value $1.37.

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    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet online affiliate marketing.

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