Dogecoin’s Next Big Surge? Crypto Whale Scoops Up 1.7 Billion DOGE!

Jakarta, Pintu News – Amid ongoing market uncertainty, Dogecoin’s DOGE->Current DOGE PriceRp 0Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 largest whale is starting to show significant activity.

According to Coinpedia, on March 10, 2024, a prominent crypto analyst shared a post on X (formerly Twitter), revealing that the biggest whale DOGE had accumulated 1.7 billion meme coins in the past three days.

Whale Dogecoin Poised for a Big Spike?

Dogecoin’s (DOGE) largest whale has made another big move, accumulating significant amounts of DOGE when the price hit a crucial support level. This activity indicates that a big move could be imminent.

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After this huge accumulation, DOGE managed to recover to its important levels and showed signs of further price spikes.

As of March 10, 2025, DOGE was trading at around $0.174, having decreased 8% in the last 24 hours. However, during the same period, DOGE’s trading volume surged 150%, indicating increased participation from traders and investors as the price approaches key support levels.

Dogecoin (DOGE) Technical Analysis and Next Important Levels

Based on technical analysis, DOGE is still bullish and approaching the crucial $0.18 level, which has a history of strongly reversing price trends.

If DOGE is able to hold this level, the price has the potential to jump up to 36% to $0.24 in the next few days.

Although DOGE prices are recovering, the Relative Strength Index (RSI) is still low at 33, indicating that the upward momentum is not strong enough.

However, if market sentiment improves and accumulation continues, DOGE could soon regain its strength to rally higher.

$63 Million Worth of DOGE Withdrawn from Exchanges – Is a Price Surge Coming?

In addition to the large accumulation by Dogecoin’s (DOGE) biggest whale, data from Coinglass shows that in the last 24 hours (10/3), long-term investors and holders have pulled $63 million worth of DOGE from exchanges. This movement indicates the potential for massive accumulation.

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In the crypto world, when there are large withdrawals from exchanges (exchange outflows), this is often a bullish indication, as it shows that investors prefer to keep their assets rather than sell them.

If this accumulation trend continues, DOGE has the potential to experience price increases in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Dogecoin Big Move Incoming? Whale Adds 1.7 Billion DOGE. Accessed on March 11, 2025