Dogecoin is seeing surge of whale activity, but the price's future is somewhat uncertain
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Currently, Dogecoin is trading around the 50-day Exponential Moving Average , a critical technical threshold. After reversing from a local high of $0.16 to $0.15, the focus now shifts to the 100-day EMA. However, this level may not hold as a strong support since it has not been tested recently, making its reliability uncertain.
The potential move toward the 200-day Moving Average at $0.12 could be on the horizon, especially if the whale activity continues. Such moves by large holders can create waves across the trading landscape, impacting not only price but also trader sentiment and market momentum.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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