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Ali reported that on May 31, Dogecoin whales bought over 700 million DOGE within a 72-hour time frame, worth $112 million at the time.The massive accumulation might suggest that these whales, or large holders, might be positioning themselves for a significant price shift as the Dogecoin price consolidates.Currently, Dogecoin faces its next major resistance near $0.174. Ali predicts that once this barrier is overcome, DOGE has the potential to double, with the next key resistance around $0.322.
On the other hand, if Dogecoin rebounds, the price might aim next to the $0.174 level. A sustained breach might aim for the $0.21 level in the short term.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.Shiba Inu in Trouble, Again, Will XRP Finally Break $0.
Shiba Inu in Trouble, Again, Will XRP Finally Break $0.52 Resistance? Cardano Isn't Allowed to Join Bullish Party$COOKIE sets to launch on June 13th after securing $5.5M from VCs such as Animoca Brands, Spartan Group, and Mapleblock CapitalShiba Inu in Trouble, Again, Will XRP Finally Break $0.52 Resistance? Cardano Isn't Allowed to Join Bullish Party