700M Dogecoin Bought By Whales In The Past 72 Hours: 'Price Action Incredibly Similar To That Of Spring 2021,' Says Trader
Portfolio Pulse from Ivan Crnogatić
Dogecoin (DOGE) has seen significant buying activity from large holders, with over 700 million DOGE acquired in the past 72 hours, worth around $112 million. Analysts suggest this could indicate a bullish trend similar to the one seen in spring 2021.
May 31, 2024 | 2:05 pm
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Dogecoin has seen significant buying activity from large holders, with over 700 million DOGE acquired in the past 72 hours, worth around $112 million. Analysts suggest this could indicate a bullish trend similar to the one seen in spring 2021.
The substantial acquisition of Dogecoin by large holders is a strong bullish indicator. Historical patterns suggest that similar buying activity in the past led to significant price increases. Analysts are drawing parallels to the spring 2021 rally, indicating potential for a similar upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100