While Bitcoin and altcoins are falling sharply, positive signals for some altcoins continue to come.
The account named “Whale Stats”, which tracks which cryptocurrencies are bought and held by the top 1000 coins in the BSC and ETH network, shared data on Dogecoin.
The project, which tries to predict where the money will flow in the future by tracking whale movements, stated that Dogecoin is among the most used smart contracts by the top 1000 BSC wallets.
Stating that this is a buying signal, the project stated that the whales’ Dogecoin purchases are accelerating again.
📰 #dogecoin is on the top of most used smart contracts by the top 1000 BSC wallets
🐳 Whales are buying dips. How about you #DogeArmy ?
Source: https://t.co/IwpiW9WTip#DoOnlyGoodEveryday pic.twitter.com/IRe1pPD334
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) November 26, 2021
Technically speaking, with today’s drop, Dogecoin seems to have received a reaction from a point very close to the $0.17 support. At this point, $0.17 support can be followed and a stop can be made when we see a close below this level.
At this point, $0.17 and $0.1963 will be our support zone. As long as we stay above this zone, we can see that the downtrend shown by the red line on the chart is being tested. With the breakdown of the downtrend, the uptrend can be hardened. It will be good for those who evaluate from the support areas to follow by raising a stop.
*Not Investment Advice.