Dogecoin Fear and Greed Index Unfazed by Massive Recent DOGE Sales
U.Today
Published Oct 18, 2023 11:30AM ET
Dogecoin Fear and Greed Index Unfazed by Massive Recent DOGE Sales
U.Today - Popular Whale Alert crypto tracker has spotted an enormous amount of meme coin DOGE transferred from an anonymous wallet to leading U.S. crypto exchange Coinbase (NASDAQ:COIN).
The transaction happened more than 22 hours ago — a total of 110,000,000 DOGE was wired, plus Whale Alert shows an additional transfer that carried another 2,637,273 DOGE.
This tremendous DOGE transfer seems to be a whale's sale, and it has not impacted the Dogecoin price or any other major metrics of the original canine crypto.
The Fear and Greed at the time of this writing, according to data provided by the @DogecoinFear account on the X social media platform.
h2 DOGE may be heading toward $1, analyst says/h2 According to a recent X post by crypto analyst Ali Martinez, DOGE may have a chance to see a if the weekly candle closes above the $0.0835 level. Dogecoin is coming close to the apex of a multiyear descending triangle pattern. On Sunday, DOGE closed at $0.5596.The analyst also warned their readers they should keep a close look at the $0.0482 level of support since "any sign of weakness" around it may trigger downward movement to a new yearly low for Dogecoin.
h2 Warning from DOGE team to community/h2 Recently, the official account of DOGE on the X app addressed the Dogecoin army, from centralized exchanges and DeFi platforms. The official DOGE account referred to the old "crypto saying" — "Not Your Keys, Not Your Coins."The tweet has it that now, many exchanges are demonstrating questionable behavior, thus making its users take part in"funding illicit and controversial sociopolitical or criminal schemes." The message recommends that users move their DOGE to cold wallets or decentralized exchanges, where they will be safe.
Prominent Bitcoin advocate, CSO of BlockStream Samson Mow, recently addressed the Bitcoin community with a similar message, urging them to shift their BTC to self-custody wallets.
This article was originally published on U.Today
Get The News You Want
Written By: U.Today
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.