{"id":274433,"date":"2024-03-30T12:26:05","date_gmt":"2024-03-30T06:56:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=274433"},"modified":"2024-03-30T12:26:05","modified_gmt":"2024-03-30T06:56:05","slug":"dogecoin-whale-dumps-140-mln-doge-as-price-takes-bearish-turn-whats-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-whale-dumps-140-mln-doge-as-price-takes-bearish-turn-whats-next-crypto-news\/","title":{"rendered":"Dogecoin Whale Dumps 140 Mln DOGE As Price Takes Bearish Turn, What\u2019s Next? – Crypto News"},"content":{"rendered":"

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In an unprecedented turn of events, following a remarkable price rally witnessed by Dogecoin, one of the most popular meme-based cryptocurrencies, the token now appears to be facing a correction phase in the market. This piqued the interest of crypto market enthusiasts across the globe as DOGE\u2019s price noted a slip below the $0.22 mark recently, with today\u2019s massive DOGE dump to a CEX further weighing in.<\/p>\n

Insights revealed by the blockchain tracker Whale Alert illustrated nearly 140 million DOGE offloaded amid Dogecoin\u2019s today\u2019s bearish turn. This promptly gave rise to a tidal wave of speculation surrounding the meme-based token\u2019s potential price action ahead.<\/p>\n

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Whale Dump Adds Bearish Tint To DOGE<\/h2>\n

According to Whale Alert\u2019s insights<\/a>, 139.99 million DOGE, worth $30.22 million, was shifted to Coinbase in the past 24 hours. Resulting in DOGE supply gains on exchanges, this dump further fell in line with DOGE\u2019s bearish turn, per CoinMarketCap\u2019s data.<\/p>\n

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\ud83d\udea8 \ud83d\udea8 139,999,966 #DOGE<\/a> (30,224,819 USD) transferred from unknown wallet to #Coinbase<\/a>https:\/\/t.co\/5vGqsPA5eb<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) March 29, 2024<\/a><\/p>\n

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Intriguingly, while today\u2019s price correction and the aforementioned dump added a bearish splash to Dogecoin, the meme token\u2019s broader charts contrastingly illustrated signs of sustained upward momentum, gradually shifting from a downtrend to an uptrend, defined by a U-shaped recovery.<\/p>\n

\"Dogecoin<\/p>\n

This stirred a whirlpool of speculation among crypto market traders and investors globally, as on-chain market dynamics further showcased a downtrend for DOGE.<\/p>\n

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Also Read: Litecoin (LTC) Price Breaks Past $105, Major Price Rally Expected in April<\/a><\/strong><\/p>\n

Dogecoin\u2019s Price Slips<\/h2>\n

As of writing, the Dogecoin token\u2019s price<\/a> has dropped 1.62% in the past 24 hours and is currently resting at $0.2125. Notably, the meme coin\u2019s charts illustrate that the token witnessed quite a flux over the past day, nabbing investor attention.<\/p>\n

Meanwhile, the derivatives data showcased a 3.08% drop in the open interest and a 46.28% dip in volume, flagging to the token\u2019s downtrend in the market. However, analysis by CoinGape Media spotlighted a crucial movement showcased by Dogecoin<\/a>.<\/p>\n

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Notably, the token recently broke the resistance of $0.206 to hit a 28th-month high of $0.2288, fueling investor enthusiasm. However, following corrections witnessed, as mentioned above, the DOGE price will likely retest the breached resistance and potential support. Simultaneously, a sustained breakout could cushion buyers to pursue a possible target of $0.27, escorted by $0.3.<\/p>\n

Also Read: Crypto Prices Today March 30: Bitcoin To Drop Below $70K SOL & XRP Gain As WIF Hits ATH<\/a><\/strong><\/p>\n

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\u2713 Share:<\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In an unprecedented turn of events, following a remarkable price rally witnessed by Dogecoin, one of the most popular meme-based cryptocurrencies, the token now appears to be facing a correction phase in the market. This piqued the interest of crypto market enthusiasts across the globe as DOGE\u2019s price noted a slip below the $0.22 mark […]<\/p>\n","protected":false},"author":2,"featured_media":194188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-274433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=274433"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274433\/revisions"}],"predecessor-version":[{"id":274435,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/274433\/revisions\/274435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/194188"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=274433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=274433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=274433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}