Lumen, the crypto analyst, revealed that there is an important accumulation tendency between Dogecoin whales that provide rise appearance for breast coin price. The Analyst also pointed out that the rise for Dogecoin was reversed and mentioned things that could increase Dge to $ 0.5.
Dogecoin Whales accumulate: they stood their eyes for $ 0.5!
Analyst Lumen said that Dogecoin whales have accumulated 1.7 billion do -of -dollar ($ 298 million) in 72 hours, and this pointed to the feeling of rise before a potential Dogecoin ETF approval. The accumulation of these whales came in the midst of a major price drop for Dogecoin, which fell 20 %in a week and decreased from approximately $ 0.22 to $ 0.16.
Lumen later continued to give a price projection for the leading breast coin. If Doge reclaims $ 0.2 before the approval of ETFs, he said that Dgecoin would rise to $ 0.5 due to the liquidity of ETFs. He added that Elon Musk, the richest man in the world, could continue his bull announcements about Doge, as he did before.
Doge ETF has been postponed, but Martinez is hopeful!
As you followed from Kriptokoin.com, the US SEC had recently postponed the approval process of Grayscale’s Dogecoin ETF. This shows that the expectation of DOME ETF applications is low in recently. However, despite this development, crypto analyst Ali Martinez predicted that Dogge could soon recover.
Analyst said that investor sensitivity around Dogecoin has been at the most negative level for more than a year. Martinez added that historically excessive fear paved the ground for great feedback. In this respect, he said that this could be an important opportunity to be opposed.
Source: Ali MartinezCurrent Situation Assessment for Breast Coin
Crypto Analyst Kevin Capital gave information about Dogecoin’s current price movement. He said that Diege re -tested the macro 0.5 fibonacci level. It also re -tested the macro trend lines, including 200 weeks of simple moving average (SMA) and enlarged moving average (EMA). In the meantime, the 3 -day relative power index of the breast Coin (RSI) is low.
Analyst said that if the price of Bitcoin increases and monetary policy with macroeconomic data adapt, it could be the last opportunity to buy Dogge relatively cheaply. He added that a large number of factors were in the circuit and that there were many work to be done, but the risk award at this level was “excellent”, given the circumstances.
Crypto analyst Trader Tardigrade also provided a rise appearance for Dogecoin. He said that Doge formed 5 wavy rising expanding wedge and approached a break in a 4 -hour graph. After an approved RSI ascension deviation, the analyst added that Doge has returned to the descending line of the kaman, which may be close to a reverse turn.
