Coinpedia and AMBCrypto Split on DOGE’s Price Direction
Two September 15 reports on the same 240M-DOGE whale accumulation disagree on whether Dogecoin’s price is breaking out or still falling.
Two September 15 reports on the same 240M-DOGE whale accumulation disagree on whether Dogecoin’s price is breaking out or still falling.
What all sources agree on
- Whale holdings of DOGE rose to around 19 billion tokens.
- More than 240 million DOGE were accumulated by large holders over the past week.
- The accumulation occurred during a price correction/pullback.
- DOGE price was trading in the $0.083–$0.085 area with resistance near $0.093–$0.095 and support near $0.080–$0.082.
Where the reports disagree
1Whether DOGE’s price action is bullish (breakout setup) or still declining
Dogecoin Price Could Be Ready for a Breakout as Whales Accumulate 240M DOGE
Dogecoin whales accumulate 240M DOGE – Why is price still falling?
2Whether DOGE’s near-term market structure is constructive/recovering or bearish
Dogecoin is showing signs of renewed demand after large holders added more than 240 million DOGE during the latest price correction.
Dogecoin [DOGE] has been in a retracement over the past three weeks, and the price correction appears not to be ending soon.
What to make of it
The scale of whale accumulation (240M DOGE, holdings near 19 billion) is consistently reported, but readers should not treat either outlet’s directional call on price as settled since the two accounts describe opposite short-term trends from the same data.
The scale of whale accumulation (240M DOGE, holdings near 19 billion) is consistently reported, but readers should not treat either outlet’s directional call on price as settled since the two accounts describe opposite short-term trends from the same data.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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