The cryptocurrency scene is still experiencing a state of sharp volatility, mixed with fear and caution among traders. The rapid and sudden price movements have become a clear characteristic of this phase ₿⚠, making predictions more ambiguous than ever before.
Despite this anxious atmosphere, some bold investment decisions continue to emerge. While many tend to observe or sell, holders of DOGE with large wallets — whose holdings range from 1,000,000 to 100,000,000 DOGE — have chosen the exact opposite direction, opting for buying and accumulation instead of selling off. ✨📈
Data shows that this group managed to add approximately 480,000,000 DOGE to their wallets in just 48 hours, equivalent to about $71.8M 💰🚀. Although the daily trading volume for Dogecoin exceeded $1.26B, the amount accumulated represents about 5.69% of the total 24-hour trading, a significant percentage enough to leave a strong mark on the price movement.
This type of instant purchase ⚡ is more impactful than leveraged trades or long-term trades, as it exerts direct pressure on the price in short moments.
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🌕 Is it a good time to buy DOGE?
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Over the past two days, Dogecoin has seen an increase of about 2.5% to reach a local peak of $0.1534 before stabilizing. Notably, this price aligns with the 23-day moving average, making the price touching that area a natural rebound against an important resistance level. 📊✨
The biggest question now is:
Can the "Dogecoin millionaires" drive the price higher through the recent buying wave?
The added amount — 480 million DOGE — is massive and impactful, but the market still shows relative resistance. However, this week's movement indicates that buyers are currently in control 📌🔥.
These movements may be an early signal of a potential upward wave, or just a strong accumulation phase before an upcoming price explosion — the coming days will reveal that. 🚀🌑
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