{"id":41740,"date":"2024-03-30T06:39:42","date_gmt":"2024-03-30T06:39:42","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/03\/30\/dogecoin-whale-dumps-140-mln-doge-as-price-takes-bearish-turn-whats-next\/"},"modified":"2024-03-30T06:39:42","modified_gmt":"2024-03-30T06:39:42","slug":"dogecoin-whale-dumps-140-mln-doge-as-price-takes-bearish-turn-whats-next","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/03\/30\/dogecoin-whale-dumps-140-mln-doge-as-price-takes-bearish-turn-whats-next\/","title":{"rendered":"Dogecoin Whale Dumps 140 Mln DOGE As Price Takes Bearish Turn, What\u2019s Next?"},"content":{"rendered":"

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In an unprecedented flip of occasions, following a outstanding worth rally witnessed by Dogecoin, one of the common meme-based cryptocurrencies, the token now seems to be going through a correction section out there. This piqued the curiosity of crypto market fans throughout the globe as DOGE\u2019s worth famous a slip under the $0.22 mark not too long ago, with in the present day\u2019s huge DOGE dump to a CEX additional weighing in.<\/p>\n

Insights revealed by the blockchain tracker Whale Alert illustrated practically 140 million DOGE offloaded amid Dogecoin\u2019s in the present day\u2019s bearish flip. This promptly gave rise to a tidal wave of hypothesis surrounding the meme-based token\u2019s potential worth motion forward.<\/p>\n

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Whale Dump Adds Bearish Tint To DOGE<\/h2>\n

According to Whale Alert\u2019s insights<\/a>, 139.99 million DOGE, price $30.22 million, was shifted to Coinbase up to now 24 hours. Resulting in DOGE provide positive factors on exchanges, this dump additional fell according to DOGE\u2019s bearish flip, per CoinMarketCap\u2019s information.<\/p>\n

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\ud83d\udea8 \ud83d\udea8 139,999,966 #DOGE<\/a> (30,224,819 USD) transferred from unknown pockets to #Coinbase<\/a>https:\/\/t.co\/5vGqsPA5eb<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) March 29, 2024<\/a><\/p>\n

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Intriguingly, whereas in the present day\u2019s worth correction and the aforementioned dump added a bearish splash to Dogecoin, the meme token\u2019s broader charts contrastingly illustrated indicators of sustained upward momentum, steadily shifting from a downtrend to an uptrend, outlined by a U-shaped restoration.<\/p>\n

\"Dogecoin

This stirred a whirlpool of hypothesis amongst crypto market merchants and buyers globally, as on-chain market dynamics additional showcased a downtrend for DOGE.<\/p>\n

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Also Read: Litecoin (LTC) Price Breaks Past $105, Major Price Rally Expected in April<\/a><\/strong><\/p>\n

Dogecoin\u2019s Price Slips<\/h2>\n

As of writing, the Dogecoin token\u2019s price<\/a> has dropped 1.62% up to now 24 hours and is at present resting at $0.2125. Notably, the meme coin\u2019s charts illustrate that the token witnessed fairly a flux over the previous day, nabbing investor consideration.<\/p>\n

Meanwhile, the derivatives information showcased a 3.08% drop within the open curiosity and a 46.28% dip in quantity, flagging to the token\u2019s downtrend out there. However, evaluation by CoinGape Media spotlighted a crucial movement showcased by Dogecoin<\/a>.<\/p>\n

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Notably, the token not too long ago broke the resistance of $0.206 to hit a Twenty eighth-month excessive of $0.2288, fueling investor enthusiasm. However, following corrections witnessed, as talked about above, the DOGE worth will probably retest the breached resistance and potential assist. Simultaneously, a sustained breakout might cushion consumers to pursue a doable goal of $0.27, escorted by $0.3.<\/p>\n

Also Read: Crypto Prices Today March 30: Bitcoin To Drop Below $70K SOL & XRP Gain As WIF Hits ATH<\/a><\/strong><\/p>\n

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CoinGape contains an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a truth fairly than an opinion. CoinGape writers and reporters contributed to this text. <\/p>\n<\/p><\/div>\n

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