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Dogecoin whales add 180M DOGE, but $0.074 still blocks the rebound
['Adewale Olarinde', 'Written By', 'Reviewed By', 'Lennox Gitonga', 'Benjamin Njiri', 'Muriuki Lazaro', 'Ishika Kumari']
AMBCrypto
Buying aids an initial recovery attempt, but DOGE remains under key resistance.
Large Dogecoin holders add 180M DOGEWallets with between 10 million and 100 million DOGE have scooped up some 180 million tokens, according to Santiment data.
Funding at such high Open Interest raises the risk of liquidation if DOGE support breaks.Can DOGE break $0.074?
Final SummaryIn total, the top addresses added 180 million DOGE to their holdings, but they are still not where they were at the end of July.
Considering derivatives traders leaning long, DOGE needs stronger spot demand to seal a move above $0.074.