Dogecoin Whale Dumps 86M DOGE But Technical Traders Say There Is Reason To Be Optimistic
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) experienced a significant sell-off with a whale offloading 86 million DOGE, causing its monthly gains to drop to 90%. Despite this, the number of Dogecoin holders and large transactions have increased, and technical traders remain optimistic about its future, partly due to speculation about Tesla potentially accepting DOGE payments.
March 15, 2024 | 8:20 pm
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A whale offloaded 86 million DOGE, impacting its price negatively in the short term. However, increased holder numbers and large transactions, along with optimism about Tesla accepting DOGE, suggest a potential rebound.
The sell-off by a whale caused a short-term negative impact on DOGE's price. However, the growing number of holders and large transactions indicate strong support. Speculation about Tesla's acceptance of DOGE payments adds to the optimism, suggesting a potential for price recovery.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100