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Dogecoin Flashes Rare Buy Signal After $14M Whale Purchase
- Cryptocurrency
Crystal Kim- 21 minutes read
Published
Dogecoin flashes rare weekly buy signals as whales acquire $14 million in DOGE and futures activity rises. Can DOGE break above $0.080? | Credit: CCN.com
Key Takeaways
- Dogecoin’s weekly TD Sequential has flashed multiple consecutive buy signals, suggesting selling pressure may be approaching exhaustion.
- Whales reportedly bought 200 million DOGE worth about $14 million while the token traded sideways near $0.07.
- DOGE could trigger a short squeeze by clearing the liquidity clusters between $0.0737 and $0.0755.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch’s CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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