Whales Increase Leveraged Longs in LINK and DOGE
- Whale Accumulation: According to Lookonchain, an anonymous whale holds a 10x leveraged long position of 27.38 million DOGE (approximately $2.75 million) and 162,670 LINK (around $1.53 million), indicating strong bullish sentiment towards both assets.
- High Leverage Risks: A 10x leveraged position means a 10% price decline would result in a total loss of the initial margin, and the simultaneous establishment of similar positions by multiple whales suggests a coordinated bullish thesis, increasing market volatility risks.
- Market Impact Analysis: LINK has gained attention due to network upgrades and growing adoption of Chainlink's oracle services in decentralized finance, while DOGE benefits from its large retail following and social media-driven volatility, with whale activities potentially influencing retail traders' decisions.
- Retail Trader Caution: While whale activity provides directional signals, retail traders should exercise caution as leveraged positions amplify both gains and losses, and large whales have the capital to withstand volatility that smaller traders cannot.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.081 | 0.0892 | 0.0965 | 0.105 | 0.112 | 0.12 | 0.127 |
| Fibonacci | 0.0892 | 0.0951 | 0.0987 | 0.105 | 0.111 | 0.114 | 0.12 |
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