When a colossal sum of cryptos burst into an exchange as important as Binance, analysts lift their ear. Historically, this type of movement often precedes a massive sale or a well -oiled strategy of accumulation. Recently, 360 million Dogecoin (DOGE), or nearly $ 62.7 million, were moved to Binance, leaving the boiling traders. Is it a prelude to a large-scale dump or a discreet maneuver of a large fish?
Pressure Dogecoin: Simple adjustment or massive sale?
The market for the same, already in free fall, is not immune to the emotional roller coaster. With a Dogecoin fell under $ 0.20 For the first time since November 2024, the arrival of these millions on Binance raises questions. As Whale Alert reminds us:
“” 360,000 000 #doge (62,668 178 USD) transferred from an unknown portfolio to Binance ».
A Deposit of such magnitude he presage imminent dumping ?
Some investors fear Increased sales pressurewhich could push Doge to new lower. Trader Tardigrade warns:
“” The daily candle of #dogecoin ended with a downstream break, reaching the lowest in recent consolidation, at a level of key support. This is the lowest fence since November 2024. Next levels of support for DOGE: $ 0.175 and $ 0.144 ».
If these thresholds are broken, the fall could intensify.
However, other voices see in this movement a repositioning strategy rather than a lower. After all, why liquidate massively when Dogecoin has been at the lowest price for months? What if a rebound was looming on the horizon?
Binance and the Crypto market on alert
In the world of digital assets, each large transaction can change the situation. The entry of 360 million Doge to Binance raises crucial questions: is it A sign of panic or silent accumulation ? For the moment, the technical indicators remain mixed.
A few figures to remember ::
- DOGE fell to $ 0.17, its lowest level since November 2024;
- The next key supports are $ 0.175 and $ 0.144;
- According to Mastering Crypto, Doge could reach $ 1.07 in 2025, or even $ 3 in 2030 in ultra-upholstery.
In this context, traders monitor the order notebooks and the volumes with a magnifying glass. If the sale materializes, the crypto Doge could unscrew more. On the other hand, if these tokens even are reabsorbed by the market, this could report a return in force.
Binance reserves are closely scrutinized by Crypto analysts. When they fall strongly, some see it as a precursor of Bull Run. What if this Dogecoin displacement was the long -awaited signal? The market awaits its verdict.
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