{"id":674118,"date":"2025-01-12T00:30:11","date_gmt":"2025-01-12T00:30:11","guid":{"rendered":"https:\/\/wncen.com\/?p=674118"},"modified":"2025-01-11T11:45:57","modified_gmt":"2025-01-11T11:45:57","slug":"dogecoin-whales-470-million","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-whales-470-million\/","title":{"rendered":"Dogecoin Whales Go on 470 Million DOGE Buying Spree Amid Bullish Recovery In Major Metrics"},"content":{"rendered":"

Surprisingly, <\/span>Dogecoin whales are on a massive buying spree<\/span><\/a>, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid <\/span>Dogecoin\u2019s bullish recovery <\/span><\/a>in key metrics, as analysts project a significant push to the upside.\u00a0<\/span><\/p>\n

Dogecoin Whales Buy 470 Million DOGE<\/h2>\n

Popular crypto analyst Ali Martinez <\/span>revealed<\/span><\/a> on X (formerly Twitter) on January 11 that Dogecoin <\/span>whales have begun accumulating again<\/span><\/a>. Martinez announced the latest DOGE acquisition by these deep-pocketed investors, highlighting that Whales recently bought over 470 million tokens.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible<\/a><\/div>\n

This substantial DOGE purchase, which occurred in the last 48 hours, is valued at approximately 155 million based on current market prices. Such <\/span>large-scale whale activity<\/span><\/a> often signals a renewed interest in the cryptocurrency, potentially influencing market sentiment and trends.<\/span><\/p>\n

Martinez shared a chart presenting data related to Dogecoin, focusing on the behavior of whales holding assets spanning from 10 million to 100 million DOGE. The shaded area on the chart highlights the cumulative holdings of these wallets owning millions of DOGE.\u00a0<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

Around late December 2024, Dogecoin whale holdings were relatively stable but began <\/span>increasing significantly in early January<\/span><\/a> 2025. CEO, a crypto analyst on X,<\/span> commented<\/span><\/a> on this surging accumulation trend, highlighting that whales have purchased over 1 billion Dogecoin in the last seven days.\u00a0<\/span><\/p>\n

Martinez\u2019s chart also shows that large amounts of Dogecoin were purchased between $0.314 and $0.355. These prices highlight areas where Dogecoin experienced notable volatility and a slight pullback, presenting a <\/span>buying opportunity for investors<\/span><\/a>. Dogecoin previously surged to new highs above $0.4 in 2024. However, a <\/span>steep correction <\/span><\/a>pushed its price back towards the $0.3 mark.\u00a0<\/span><\/p>\n

Interestingly, the 470 million Dogecoin purchased by whales comes as the cryptocurrency experiences a steady bullish recovery in significant metrics. Crypto analyst Javon Marks disclosed that Dogecoin is forming a new Descending Wedge pattern. Additionally, a market expert on X, identified as \u2018Rose Premium Signals,\u2019 has<\/span> revealed<\/span><\/a> that Dogecoin\u2019s macro charts are signaling a strong bullish structure as it accumulates near key support zones and aligns with long-term <\/span>Fibonacci levels<\/span><\/a>.<\/span><\/p>\n

\"Dogecoin
Source: X<\/figcaption><\/figure>\n

DOGE Forms New Descending Wedge Pattern<\/h2>\n

As mentioned earlier, Dogecoin is currently forming a new <\/span>Descending Wedge pattern<\/span><\/a>, signaling another potential price breakout. Marks<\/span> stated<\/span><\/a> in his X post that the popular meme coin is well positioned to continue another substantial bullish trend once it breaks out of this Descending Wedge pattern.\u00a0<\/span><\/p>\n

Related Reading: Is Dogecoin\u2019s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch<\/a><\/div>\n
\"Dogecoin
Source: X<\/figcaption><\/figure>\n

A Descending Wedge, also known as a <\/span>Falling Wedge<\/span><\/a>, is a technical chart pattern that indicates the potential for a price reversal or continuation. It is a bullish pattern that typically occurs during a downtrend, with its completion marked by a breakout above the upper trendline.\u00a0<\/span><\/p>\n

Marks predicts that if Dogecoin breaks above the Descending Wedge pattern, it could hit a new ATH soon, reflecting a potential 120% increase. The analyst has revealed that this <\/span>massive price gain <\/span><\/a>could happen anytime soon, pushing Dogecoin from its current market price of $$0.33 to a new bullish target of $0.739.<\/span><\/p>\n

\"Dogecoin
DOGE bulls push for new local highs | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Surprisingly, Dogecoin whales are on a massive buying spree, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid Dogecoin\u2019s bullish recovery in key metrics, as analysts project a significant push to the upside.\u00a0 Dogecoin Whales Buy 470 Million DOGE Popular crypto analyst Ali Martinez revealed on X (formerly Twitter) on January 11 that Dogecoin whales have begun accumulating again. Martinez announced the latest DOGE acquisition by these deep-pocketed investors, highlighting that Whales recently bought over 470 million tokens.\u00a0 Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible This substantial DOGE purchase, which occurred in the last 48 hours, is valued at approximately 155 million based on current market prices. Such large-scale whale activity often signals a renewed interest in the cryptocurrency, potentially influencing market sentiment and trends. Martinez shared a chart presenting data related to Dogecoin, focusing on the behavior of whales holding assets spanning from 10 million to 100 million DOGE. The shaded area on the chart highlights the cumulative holdings of these wallets owning millions of DOGE.\u00a0 Around late December 2024, Dogecoin whale holdings were relatively stable but began increasing significantly in early January 2025. CEO, a crypto analyst on X, commented on this surging accumulation trend, highlighting that whales have purchased over 1 billion Dogecoin in the last seven days.\u00a0 Martinez\u2019s chart also shows that large amounts of Dogecoin were purchased between $0.314 and $0.355. These prices highlight areas where Dogecoin experienced notable volatility and a slight pullback, presenting a buying opportunity for investors. Dogecoin previously surged to new highs above $0.4 in 2024. However, a steep correction pushed its price back towards the $0.3 mark.\u00a0 Interestingly, the 470 million Dogecoin purchased by whales comes as the cryptocurrency experiences a steady bullish recovery in significant metrics. Crypto analyst Javon Marks disclosed that Dogecoin is forming a new Descending Wedge pattern. Additionally, a market expert on X, identified as \u2018Rose Premium Signals,\u2019 has revealed that Dogecoin\u2019s macro charts are signaling a strong bullish structure as it accumulates near key support zones and aligns with long-term Fibonacci levels. DOGE Forms New Descending Wedge Pattern As mentioned earlier, Dogecoin is currently forming a new Descending Wedge pattern, signaling another potential price breakout. Marks stated in his X post that the popular meme coin is well positioned to continue another substantial bullish trend once it breaks out of this Descending Wedge pattern.\u00a0 Related Reading: Is Dogecoin\u2019s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch A Descending Wedge, also known as a Falling Wedge, is a technical chart pattern that indicates the potential for a price reversal or continuation. It is a bullish pattern that typically occurs during a downtrend, with its completion marked by a breakout above the upper trendline.\u00a0 Marks predicts that if Dogecoin breaks above the Descending Wedge pattern, it could hit a new ATH soon, reflecting a potential 120% increase. The analyst has revealed that this massive price gain could happen anytime soon, pushing Dogecoin from its current market price of $$0.33 to a new bullish target of $0.739. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":653986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-674118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Whales Go on 470 Million DOGE Buying Spree Amid Bullish Recovery In Major Metrics<\/title>\n<meta name=\"description\" content=\"Dogecoin whales are on a massive buying spree, adding a whopping 470 million DOGE into their 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