Dogen’s price is stuck as whales accumulation continues

The price of Dogesoins in the last few weeks was consolidated, even as in chain data, indicates the battery accumulation.

On the last check of Sunday, Dogecoin (Exaggerate) He traded from $ 0.1743, the range left stuck in the last few days. This price is about 36% above the lowest level this year.

The data on the chain compiled by the bounds show that large investors continued to collect coins. The bearers of Doge with between a million and 10 million coins increased its farm from Hrd of Hrd of Hrd of Hrd of Hrd 10.3 billion, to 10.5 billion, increasing 200 million.

Similarly, larger bearers with between 100 million and a billion coins have increased their views from 23.4 billion in March to 25.52 billion. Whale accumulation, especially in the bear market, can be seen as a positive catalyst for property.

These whales bought coins, a potentially anticipating site for permission on the spot by the Securities Commission. The chances of that approval are high because Dogcoin cryptocurstiness is evidentiary, and the agency is not worried that it is security.

The Dogeroinska price paused from two main reasons. First, there are signs of rotation from traditional memes to newer ones on Solan ecosystem. Its disputed performance occurred as the top Solana Meme Coins like FartCoin (Ftrcoin) and Popcat (Popcat) rose.

Second, Elon Musk indicated that he would scale his work for the Department of Government Efficiency because Tesla’s stock collapsed. Exiting the Doge project will not have a direct impact on Dogecoin. However, it can harm feel among investors.

Technical analysis of the price DogCoin

The daily reveals that the event price moved in laterally in the last few weeks. He formed a symmetrical triangular sample whose two lines would converge.

This triangle happens after the coin crashed from $ 0.4815 in December. As such, there is a risk that it formed a bear pattern of flag.

Therefore, the price of Dogecoin can soon have a bear breakdown, potentially support from $ 0.10, which is 43% reduced from the current level. This bear view will be invalid if moving above the level of 50% in the amount of 0.2796 USD.

Dogeroin was created in December 2013. Billy Markus and Jackson Palmer. Two software engineers are reportedly inspired by the popular Meme “Doge” with Shiba Inus. Coins, formed by Litecoy’s Code, saw an increase in popularity thanks to the partial gratitude in relation to the Tesla General Manager Elona Musk.