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200 Million Dogecoin Stuns Binance in Major Move
The post 200 Million Dogecoin Stuns Binance in Major Move appeared on BitcoinEthereumNews.com. Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a major move, 200 million Dogecoin was recently shifted from an unknown wallet to Binance. According to Whale Alert, “200,000,000 DOGE worth $59,925,858 transferred from unknown wallet to Binance.” Major transfers to crypto exchanges such as Binance can indicate a few potential scenarios. It could indicate an intention to trade or sell. The move could be part of preparations for liquidity provision on Binance; however, the exact reason remains unknown. After a drop earlier this week, Dogecoin has staged a comeback, with its price rebounding nearly 13% in the last 24 hours to trade at $0.323. This rise aligns with a broader market recovery, as several major cryptocurrencies have also posted gains following Friday’s massive sell-off. Dogecoin fell below the 50-day SMA at $0.36 on Dec. 19 to mark a four-day drop. The dog coin hit lows of $0.262 in Friday’s session before rebounding strongly. The recovery reached an intraday high of $0.35 in Saturday’s session before slightly retracing. Related On the upside, the current recovery is expected to face selling at the daily SMA 50 at $0.36. If the price continues to fall, Dogecoin could plummet to as low as $0.23. The first sign of strength will be a break and close above $0.36, with potential targets of $0.42 and $0.48. Dogecoin holders accelerate to…
The post 200 Million Dogecoin Stuns Binance in Major Move appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a major move, 200 million Dogecoin was recently shifted from an unknown wallet to Binance. According to Whale Alert, “200,000,000 DOGE worth $59,925,858 transferred from unknown wallet to Binance.” Major transfers to crypto exchanges such as Binance can indicate a few potential scenarios. It could indicate an intention to trade or sell. The move could be part of preparations for liquidity provision on Binance; however, the exact reason remains unknown. After a drop earlier this week, Dogecoin has staged a comeback, with its price rebounding nearly 13% in the last 24 hours to trade at $0.323. This rise aligns with a broader market recovery, as several major cryptocurrencies have also posted gains following Friday’s massive sell-off. Dogecoin fell below the 50-day SMA at $0.36 on Dec. 19 to mark a four-day drop. The dog coin hit lows of $0.262 in Friday’s session before rebounding strongly. The recovery reached an intraday high of $0.35 in Saturday’s session before slightly retracing. Related On the upside, the current recovery is expected to face selling at the daily SMA 50 at $0.36. If the price continues to fall, Dogecoin could plummet to as low as $0.23. The first sign of strength will be a break and close above $0.36, with potential targets of $0.42 and $0.48. Dogecoin holders accelerate to…
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