{"id":40587,"date":"2025-01-22T02:37:34","date_gmt":"2025-01-22T02:37:34","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/crypto-whales-load-up-640500000-worth-of-dogecoin-doge-in-just-two-days-says-analyst\/"},"modified":"2025-01-22T02:37:34","modified_gmt":"2025-01-22T02:37:34","slug":"crypto-whales-load-up-640500000-worth-of-dogecoin-doge-in-just-two-days-says-analyst","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=40587","title":{"rendered":"Crypto Whales Load Up $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst"},"content":{"rendered":"


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Deep-pocketed digital asset investors are gobbling up massive amounts of the leading meme token Dogecoin (DOGE<\/a>).<\/p>\n

Trader Ali Martinez tells his 116,800 followers on the social media platform X that while retail investors are getting distracted by the recently launched Official Trump (TRUMP<\/a>) memecoin, crypto whales heavily accumulated<\/a> DOGE to the tune of $640.5 million in just two days.<\/p>\n

\u201cWhile everyone focuses on TRUMP, whales bought 1.83 billion Dogecoin DOGE in [48 hours!]\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

At time of writing, DOGE is trading for $0.35.<\/p>\n

Looking at TRUMP itself, Martinez predicts<\/a> that the memecoin will surge above $50 if it takes out the diagonal resistance of a falling wedge pattern.<\/p>\n

A falling wedge structure is often viewed as a bullish reversal pattern as it suggests that selling pressure is losing momentum.<\/p>\n

\u201cTRUMP seems to be forming a falling wedge on the lower time frames, suggesting a potential consolidation toward the apex before a rebound to $54.\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

At time of writing, TRUMP is worth $32.48.<\/p>\n

As for the Solana (SOL<\/a>)-based meme token dogwifhat (WIF<\/a>), the trader thinks the altcoin is moving inside a large parallel channel \u2013 a pattern suggesting that the asset is in a sideways trend as it respects both the support and resistance levels.<\/p>\n

With WIF trading close to the pattern\u2019s support level at $1.35, Martinez believes that it\u2019s almost time for the altcoin to spark rallies.<\/p>\n

\u201cWe could see further consolidation around the channel\u2019s lower boundary before an upswing toward $5!\u201d<\/em><\/p>\n

\"Image\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

At time of writing, WIF is worth $1.37.<\/p>\n

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Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n