{"id":135264,"date":"2024-08-10T10:00:59","date_gmt":"2024-08-10T07:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135264"},"modified":"2024-08-10T04:49:18","modified_gmt":"2024-08-10T01:49:18","slug":"dogecoin-whale-transactions-rise-amid-bullish-market-sentiment","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoin-whale-transactions-rise-amid-bullish-market-sentiment\/","title":{"rendered":"Dogecoin Whale Transactions Rise Amid Bullish Market Sentiment"},"content":{"rendered":"<p>Bitcoin analyst Cryptorphic noted that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin<\/a> <\/strong>broke out of a long trading range with a significant surge in February 2024. The coin is currently above the 200-day EMA and fighting to stay above the 100-day EMA, signaling bullish momentum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$DOGE<\/a> 10x Potential or too good to be true??\ud83d\ude80<\/p>\n<p>It has been trading within this channel since February 2021, over 1,127 days, until it broke out with a massive candle in February 2024. Since then, it has been retesting the breakout.<\/p>\n<p>Here\u2019s why I believe DOGE can 10x to nearly a\u2026 <a href=\"https:\/\/t.co\/IaDIP6k2I3\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/IaDIP6k2I3<\/a><\/p>\n<p>\u2014 Cryptorphic (@Cryptorphic1) <a href=\"https:\/\/twitter.com\/Cryptorphic1\/status\/1821784399471636702?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dogecoin\u2019s RSI is below 45, indicating room for growth. A weekly close above $0.11 could trigger a major rally, with some predictions suggesting a potential tenfold increase. Cryptorphic plans to hold and accumulate Dogecoin over the next six months.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-eth-validators-exit-in-record-numbers\/\" title=\"Ethereum (ETH) Validators Exit in Record Numbers\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ethereum-10-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum (ETH) Validators Exit in Record Numbers<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Elon Musk, a prominent Dogecoin supporter, might boost the coin\u2019s visibility post-presidential election, potentially driving up its value.<\/p>\n<p>IntoTheBlock reports a 36.3% rise in large transactions, a 1.5% increase in daily active addresses, and a 2,029.2% spike in exchange netflows. Despite price volatility, 70% of Dogecoin holders remain in profit.<\/p>\n<p>These trends indicate a potentially strong future for Dogecoin, with increased activity and interest possibly leading to sustained growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is experiencing a surge in large transactions and positive price action, leading traders to predict a bullish future for the meme cryptocurrency.<\/p>\n","protected":false},"author":3,"featured_media":2782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-135264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin Whale Transactions 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