The fresh data released by On-Chain Analytics Platform Santiment and emphasized by the market arguments said that the largest Dogecoin investor quietly expanded while quietly expanding its position while the network was accelerated.
Dogecoin Whale provides fuel for optimistic propulsion as a fuel.
Martinez points out the wallets of 100 million to 1 billion to 1 billion to 1 billion, which are often described as “middle whales.” According to the gray areas of the whale accumulation chart, their combined balance reached about 24.6 billion on April 13, but it rose to less than 26 billion until May 13.
The difference of about $ 1.4 billion, worth more than $ 300 million in the prevailing on -site price, confirms that a large -scale holder has absorbed a significant supply even if the token triggers. At the time of the snapshot, Cohort had already recorded the highest in about 26.5 billion DOGEs on May 10, but controlled 259.9 billion DOGE.
Network activities seem to follow money. The second santiment dashboard shows the activity address every day to alleviate from May 12 to 13 from May 12 to 13 from May 12-13 to alleviate the printing 15 to 69,200 in May.
The US dollar conditions have soared to $ 1.22 billion due to a surge, and still hold $ 599.6 million in the latest reading. Perhaps more than $ 1 million in the Martinez chart, more than $ 1 million, will be the most common about market depth. He stressed that the surge in activity is being driven by a large ticket transaction rather than a sleeveless departure.
Doge Price faces major resistance
Flow tape seems to be constructive, but the price chart claims that the market remains at an important time. In the three -day candle chart shared by Martinez, Doge is trading at $ 0.2277 and pressed with a supply wall that blocks the band from $ 0.24 to $ 0.26.
The horizontal area, which was shaded in gray, received a strong support for December 2024 and was resisted after a failure in mid -February. Since then, we have produced some clean rejection marked by Martinez’s down arrow. Earlier this week, another violation attempts were drilled through the band, but they could not settle on it.
If a buyer force a decisive melee battle for more than $ 0.2600 a day, the chart shows a vacuum cleaner up to a psychological $ 0.3000 handle. Martinez argues that it can trigger a new bull run. On the contrary, if you do not clean the ceiling, there is a risk of returning to the mid -0.1700 region where the infrastructure began in April.
In total, if you swell in a hot chain accumulation, jumping in large trading and addressing activities, fundamental support is provided for the bidding of the Doge. Whether the demand can overwhelm $ 0.24- $ 0.26 Barricade, which is well defined, determines whether or not to mark the opening survival of a more recent accumulation or the other range bound flour. Now the whale has made a bet. The market is waiting to check if the price will be followed.
Doge was traded at $ 0.22 for the press time.
DALL.E, major images made with charts on TradingView.com
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