DOGE whales have been splashing their cash lately!
Dogecoin's price has been on a wild ride these past few weeks, skyrocketing by about 30% since September 7. Talk about a moon mission!
Our go-to crypto guru, Ali, dropped some hot data suggesting that if the meme coin can smash through the $0.11 resistance, we might see another epic rally.
The first week of September was rough for DOGE, nosediving from over $0.1 to a low of $0.089 on Bitstamp. But like a true comeback kid, it bounced back and zoomed past $0.11 earlier today. Right now, it’s chilling at $0.114, marking a sweet 28% rise from its recent dip.
Ali pointed out that over 62,000 wallets are holding onto more than 36 billion DOGE bought at this $0.111 level. This spot is a big psychological battleground. If these holders decide to keep HODLing instead of cashing out for small gains, DOGE's price might keep climbing in the coming weeks. With no major supply hurdles ahead, Ali thinks we could see DOGE shoot up to $0.15, which would be another 30% jump from where it’s at now.
The big fish in the DOGE pond are also making waves. Ali’s charts show that these large investors have scooped up around $140 million worth of DOGE in just two days! This could be the spark for yet another rally.
Keep your eyes peeled, folks. The DOGE show is far from over!
