Dogecoin faced an increase in volatility and the sale of pressure while February starts with uncertainty in the world markets. The coin is struggling to exceed the $ 0.25 mark, reflecting wider concerns among the fears of the American trade war and macroeconomic instability. Investors remain cautious, many awaiting clear signals before returning to the market. However, the key chain data suggest that major players benefit from current price levels.
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High -level analyst Ali Martinez shared ideas revealing that the whales have accumulated an additional 100 million Doge in the last 24 hours. This trend indicates growing confidence and an increase in Dogecoin demand despite the difficulties of current prices. Historically, the accumulation of whales has often preceded solid price movements while large investors are positioned before potential rallies.
The next few days will be Crucial for DogeBecause he must recover the key resistance levels to resume the bullish momentum. While short -term feeling remains mixed, growing demand among whales could be a sign that smart money is preparing for the next decision. If Dogecoin can maintain support and push over $ 0.25, it can be set up for an escape in the coming weeks. Investors watch carefully to see if the accumulation of whales will lead to the next step for Doge.
Dogecoin struggles below key levels
Dogecoin faces challenges because it fights below the key supply levels between $ 0.29 and $ 0.25, the price showing signs of exhaustion. The wider market of cryptography remains uncertain, Bitcoin holding relatively strong while altcoins and memes parts continue to bleed. The action of Dogecoin prices reflects this instability, because the bulls do not recover the crucial levels and that the bears push the prices lower.
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Analysts and investors are increasingly concerned about the state of the market. The pieces even, which have historically performed well in Bull Cycles, this time underperform, raising questions about their strength in the coming months. However, a key metric suggests that Dogecoin could be set up for a strong movement.
Martinez Shared Chain data on x revealing that the whales have accumulated an additional 100 million Doge in the last 24 hours. This constant accumulation trend indicates growing confidence and an increase in Dogecoin demand, even if the price remains low. Historically, similar periods of accumulation have preceded major rallies, indicating that large actors can position themselves for an escape.
If Doge can recover the range from $ 0.25 to $ 0.29 and transform it into support, the following movement could be significant. However, non-compliance with key levels could lead to new drops. The coming weeks will be crucial to determine if Dogecoin can recover or if it will remain stuck in a downward trend.
Doge prices analysis: key levels to monitor
Dogecoin is negotiated at $ 0.24 after having undergone a significant sales pressure, lowering more than 39% since the beginning of February. The price action remains down, without any sign of immediate recovery as long as Doge remains below the $ 0.26 bar. The bulls have lost control, and each attempt to push higher has encountered strong resistance.
From now on, the level of demand key to hold is around the bar of $ 0.228, which aligns the 200 -day mobile average. This level has historically acted as a crucial support area, and losing it could trigger new decreases to the $ 0.20 bar. If Doge does not resume $ 0.26 and does not transform it into support, the downward trend should continue in the coming days.
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On the other hand, a strong rebound in the current levels and a thrust above $ 0.26 could report a reversal, opening the door to a retest of the $ 0.29 supply area. However, with the uncertainty of the market still weighing on coins and altcoins, Dogecoin needs an increase in demand to resume momentum. The next trading sessions will be crucial to determine if Doge can stabilize or if a new drop is on the horizon.
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