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missjulie.verse

08/05 06:25

Dogecoin (DOGE) BULL RUN COMING ?

A substantial $30 million withdrawal of Dogecoin from exchanges was seen recently. The market decline as a whole has caused cryptocurrency liquidations to soar to $200 million coinciding with this outflow.
The significant shift of DOGE into self-custody in spite of the market-wide collapse may be a bullish indication for the meme coin. A pronounced declining trend can be seen in the daily DOGE/USDT chart. Volume analysis shows that the price decline is accompanied by an increase in trading activity. When there is a drop in price and an increase in volume, panic selling is usually indicated. On the other hand, DOGE may be approaching oversold territory given that the RSI is currently at about 35
This may indicate that there will soon be less pressure to sell. The $30 million DOGE outflow from exchanges is a noteworthy indicator of whale activity. Large holders typically signal a shift toward long-term holding and self-custody when they remove their assets from exchanges
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