#DOGE DOGE before the explosion! 58 billion DOGE coins in circulation, volume up 21.5%, will this 'dog' fly?

In the last few hours, 58 billion DOGE has been transferred, indicating a change in market behavior. Although the price of DOGE is currently $0.3983, down by 1.68%, the volume has increased by 21.50% to reach $36.4 billion.
An increase in volume, along with the resumption of trading of tokens that have been dormant for a long period, means that the market may be witnessing significant changes. Given technical indicators such as the 200-day EMA, DOGE could soon enter an upward phase, increasing market speculation.
The movements of 58 billion traded tokens have caused significant fluctuations in the price of DOGE
DOGE price in the past 24 hours has witnessed a high trading volume, with 58 billion tokens being traded. Previously, these tokens were inactive for some time.
When drawing a chart for DOGE trading, the volume has been continuously increasing. Changes in volume can usually reflect the direction of cryptocurrency prices. When the volume increases significantly, it usually indicates a change in market behavior, which also pushes the price of DOGE higher.
Recent developments have shown that DOGE is coming back strong, attracting the attention of many long-term holders and new investors.
Change in the market usually manifests when the non-traded token becomes active for a long period of time. This typically means that long-term shareholders may be selling, or new participants in the market are joining.
With the increased market response to these changes, increased activity may also mean that price fluctuations will soon begin.
Whale gathering activities and stages indicate an approaching explosion.
DOGE is currently being accumulated, and prices are fluctuating within a narrow range. At the beginning of this month, the price of DOGE reached its highest level, and on the third day after a significant drop, it also appeared at a low level.
Since then, the price of DOGE has been fluctuating between the support level at $0.3384 and resistance at $0.4831. This is the most representative sticky stage in the market, where both parties remain in a state of equilibrium, with no one temporarily prevailing.
Despite the market currently being in a consolidation phase, this pattern usually witnesses a breakthrough at some point. An increase in whale activity may act as a catalyst to push prices towards a new direction.
Recently, many people have noticed whale activity. Whales have been investing large amounts in DOGE, which is very common behavior and usually means that the market may experience a manipulation or fundamental change.
Whales usually have enough money and influence to push prices in any direction. Their movements in the market often lead to price increases, especially when they enter collectively.
Technically, DOGE has shown an upward trend.
The technical aspects of DOGE also point to bullish signals. The 200-day EMA indicator is an important indicator, especially in the 3-day chart, where we can see the 200-day EMA trend in an upward direction.
In history, whenever DOGE penetrated the 200-day EMA, it was accompanied by a strong upward momentum. This breakthrough usually triggers a strong wave of optimism, because when the EMA starts to rise, the price usually rises significantly.
Now, the EMA 200-day index is increasing, and many traders believe that this may be a signal for a new bull market cycle. In fact, the rising EMA index, along with the recent increase in volume, suggests that the price of DOGE may experience another rise.
Disclaimer: Entering the market involves risks, and investment should be cautious! #你下一个准备买入的Meme币是什么？