The post Dogecoin Whales Buy 750 Million Coins In Recent Market Dip – A Sign Of Confidence In The Market appeared on BitcoinEthereumNews.com.

Dogecoin has faced extreme volatility amid U.S. trade war fears and macroeconomic uncertainty, causing a sharp decline in price action. The meme coin plunged over 39% in less than 48 hours, wiping out weeks of gains and shaking investor confidence. However, since hitting its local low, DOGE has managed to recover and tag key resistance levels, hinting at a possible reversal. Despite the chaos, top analyst Ali Martinez shared on-chain insights revealing that whales took advantage of the recent dip, accumulating a staggering 750 million Dogecoin. This signals strong confidence among major players, suggesting that institutional and large-scale investors see the current price levels as a buying opportunity rather than a sign of prolonged weakness. Now, the market is watching closely to see if Dogecoin can build momentum and reclaim higher levels. If the price stabilizes and reclaims key resistance zones, it could pave the way for a new rally. However, another wave of selling pressure could emerge if uncertainty continues to dominate. With whales stepping in, DOGE’s next move will be crucial in determining its short-term direction and potential for a breakout. Dogecoin Struggles Below Key Levels As Whales Accumulate  Dogecoin has been under aggressive selling pressure as the entire meme coin market faces significant drawdowns. The price has struggled to maintain key support levels, leading to uncertainty about the short-term trend. However, analysts remain optimistic about DOGE’s long-term outlook, predicting a strong rally that could send the price past its 2021 all-time high of $0.73. Despite the recent volatility, on-chain data suggests that large investors are taking advantage of the dip. Top analyst Ali Martinez shared on-chain data and an analysis on X revealing that whales seized the opportunity during the sell-off, accumulating 750 million Dogecoin. Martinez sees this as a strong sign of confidence in the market,…

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Filed under: News - @ February 6, 2025 10:20 pm