The world’s largest cryptocurrency exchange lists popular meme coins. FTX broke the big news for Japanese users today. According to WhaleStats data, whales are evaluating the news.
The largest cryptocurrency exchange lists this meme coin project
According to information posted on Twitter, Dogecoin is now listed on FTX Japan. Accordingly, the leading cryptocurrency exchange said on its website that it will start receiving Dogecoin in its physical transactions (sales offices/exchange) from Tuesday, July 5, 2022.
The translation from the company’s website is as follows:
We plan to begin accepting DOGE in both our permanent and physical transactions on July 5, 2022. The Shiba dog-themed cryptocurrency DOGE is a special cryptocurrency that has become quite popular in recent years. It will be very easy to trade this DOGE, which has made a name for itself in the news in the future, at FTX Japan. Please take advantage of the fact that FTX Japan is the only local exchange that supports Dogecoin endless trading.
Meme coin hit major stock markets this year
Dogecoin has received support in the form of multiple listings on various crypto exchanges since it became popular in 2020. Earlier, OKEx listed the DOGE/USDT pair in July 2020. MegaDogecoin (MDOGE), which stands for one million “regular” DOGEs, was listed on Bitfinex the same month. Meanwhile, Dogecoin topped the charts of several major exchanges last year and this year, including Coinbase and Bitso. As you can follow on Kriptokoin.com, Dogecoin futures also debuted on the Kraken platform.
Whales exert buying pressure on Dogecoin
According to WhaleStats, the biggest BNB whales have bought Dogecoin heavily in the last 24 hours. Notably, a giant BNB whale named “Martian Manhunter”, ranked 71st on WhaleStats, purchased 18,800,433 DOGEs on June 4 for a total of $1,256,188.
Dogecoin technical analysis
Finally, Dogecoin is trading in confusing trending territory. Meanwhile, long-term bearish battles against shorter-term uptrends. Notably, indicators on the hourly chart showed bullish momentum. However, the RSI was above the neutral 50 to show an uptrend. At the same time, the Awesome Oscillator (AO) has also been above the zero line for the past few days. If the bulls continue to struggle, DOGE will be more likely to surpass the $0.073 resistance.
It should be noted that while Dogecoin looks positive on short timeframes, the longer timeframe bias is bearish. Accordingly, a move above $0.073 can be used as a buying opportunity, targeting $0.078 as a take profit, according to analyst Akashnath.
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