Dogecoin (DOGE) extends gains for the third consecutive day, trading above $0.095 at press time on Friday and approaching a key resistance trendline. Large wallet investors, commonly referred to as whales, are growing in numbers, while a surge in DOGE futures Open Interest reflects rising retail demand.
Whales acquire DOGE amid renewed demand in derivatives markets
Dogecoin has plateaued after a roughly 60% decline since October, hitting a low at around $0.080 in early February, and has since traded sideways, capped by headwinds near $0.100. However, whale and retail interest in Dogecoin has held steady, anticipating a potential rebound with a key resistance trendline breakout.
Santiment data shows that 4,920 whale wallets hold between 1 million and 100 million DOGE tokens, up from…
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Source www.fxstreet.com
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