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Dogecoin (DOGE) Soars 15% as Whales Buy 30 Million Tokens: Is a 20% Breakout Next?
Dogecoin (DOGE) is back in the spotlight after a sharp rebound from support, rallying roughly 15% to trade around $0.25â$0.26. The move coincides with heavy whale accumulation, over 30 million DOGE scooped up in 24 hours, and notable exchange outflows topping $25 million, signaling coins moving to cold storage. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation With price compressing just beneath a dense resistance cluster, traders are asking the big question: is a 20% breakout to over $0.30 next? DOGE's price trends to the upside on the daily chart. Source: DOGEUSD chart from Tradingview Whales Accumulate as Exchange Balances Fall On-chain data paints a constructive backdrop. Large holders added more than 30 million DOGE as spot demand returned, while net outflows from exchanges suggest decreasing sell-side inventory. That tightening supply, coupled with rising participation from both short- and long-term holders (per HODL Waves), supports the idea that conviction is building beneath price. Meanwhile, the Spent Coins Age Band has dropped sharply, implying fewer dormant coins are being moved, even as price rises, often a hallmark of early uptrends. Key Levels to Watch $0.26 Trigger, $0.30â$0.34 Targets Technically, DOGE is coiling under a 0.618 Fibonacci retracement near $0.2626, a level analysts such as The Great Mattsby flag as the immediate âdoorwayâ to momentum. The resistance band stretches through $0.26â$0.28, reinforced by the weekly Ichimoku cloud edge and the 50-week MA, creating a high-confluence ceiling. A daily/weekly close above $0.2626â$0.275 would flip multiple trend filters and validate a push toward $0.30, with $0.32â$0.34 (20% higher) the next logical zone. Above there, historical Fibonacci checkpoints at $0.33â$0.35 and $0.41 come into play. On the downside, $0.24â$0.25 remains key first support (former breakout/retest area), followed by $0.23 and $0.22. Losing $0.24 would dent the near-term structure and risk a deeper pullback into the mid-$0.20s. On-Chain and Technicals Hint at 20% Breakout Price recently broke a descending channel, then cleanly retested the upper boundary as support classic reversal behavior. Momentum gauges back the move, as the +DI sits above âDI with a rising ADX, the MACD has flipped positive, and DOGE continues to ride an ascending channel thatâs guided higher lows since summer. Some analysts also note a rising megaphone on higher time frames, where a sustained close above the upper rail could accelerate toward $0.70 later this cycle. Related Reading: Cardano Price To Hit $7.82 This Bull Run â Analyst Says Itâs âOn Track To Meet Targetsâ With whales buying, exchange supply thinning, and price compressing under a high-confluence ceiling, DOGE has the ingredients for a 20% breakout, provided it can secure a decisive close above $0.2626â$0.275. Until then, expect continued range-trading between $0.24â$0.28 as the market builds energy for the next move. Cover image from ChatGPT, DOGEUSD chart from Tradingview
BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data
The BNB price continues to defy broader market trends, reaching an impressive new peak of $1,240 to kick off the week and solidifying its status as one of the top performers in the cryptocurrency industry. BNB Chain Partners With Chainlink Over the past 30 days, the BNB price has recorded an impressive 41% gain, driven in part by a recent collaboration between BNB Chain and Chainlink (LINK), dubbed as one of the marketâs leading oracle providers. This partnership was publicly announced on Monday on social media platform X (formerly Twitter), where Chainlink revealed that BNB Chain had adopted its data standard to make official US Department of Commerce data available on-chain. Related Reading: XRP Ready For $9 Blast â âBreak $3.10 And Itâs Game Over,â Says Analyst The data sourced from the Bureau of Economic Analysis will enable Chainlink Price Feeds to deliver critical macroeconomic indicators directly to BNB Chain. These indicators include key metrics like Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. Chainlink asserts that the availability of such data opens up a series of new possibilities for developers, allowing for the creation of new types of digital assets, prediction markets that leverage transparent economic inputs, and perpetual futures markets grounded in official government statistics. Furthermore, decentralized finance (DeFi) protocols can improve their risk management strategies by aligning them with real-world economic conditions. BNB Price Target Raised To $1,500 Market expert Crypto King has been vocal about the BNB price trajectory, asserting that the token is demonstrating a clear trend of upward momentum. He identified three significant breakout phases: one in July that sparked a strong rally, a second in September, and the current breakout, which he believes is building toward new highs. Crypto King has set an ambitious target of $1,500 for Binance Coin, suggesting that this structural climb is anything but random. Related Reading: Hereâs Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High However, not all market analysts share the same optimism. Another expert, known as Crypto Claws on X, has issued a cautionary note, warning that if the current momentum fizzles, a correction toward the $700 range by December could be on the horizon. This scenario would imply a potential 43% decline for the BNB price, raising concerns about the tokenâs technical structure and the likelihood of a necessary pullback before the next significant bullish leg. In addition to the BNB price performance, other cryptocurrencies are also following the tokenâs lead. Bitcoin (BTC) has surged past the $125,000 mark, achieving a new record, while Ethereum (ETH) is just 5% shy of breaking its previous high. Meanwhile, Chainlinkâs native token, LINK, remains well below its all-time high of $52.70, currently trading just under $23âa gap of nearly 57% that suggests room for growth. Featured image from DALL-E, chart from TradingView.com
Dogecoin (DOGE) Soars 15% as Whales Buy 30 Million Tokens: Is a 20% Breakout Next?
Dogecoin (DOGE) is back in the spotlight after a sharp rebound from support, rallying roughly 15% to trade around $0.25â$0.26. The move coincides with heavy whale accumulation, over 30 million DOGE scooped up in 24 hours, and notable exchange outflows topping $25 million, signaling coins moving to cold storage. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation With price compressing just beneath a dense resistance cluster, traders are asking the big question: is a 20% breakout to over $0.30 next? DOGE's price trends to the upside on the daily chart. Source: DOGEUSD chart from Tradingview Whales Accumulate as Exchange Balances Fall On-chain data paints a constructive backdrop. Large holders added more than 30 million DOGE as spot demand returned, while net outflows from exchanges suggest decreasing sell-side inventory. That tightening supply, coupled with rising participation from both short- and long-term holders (per HODL Waves), supports the idea that conviction is building beneath price. Meanwhile, the Spent Coins Age Band has dropped sharply, implying fewer dormant coins are being moved, even as price rises, often a hallmark of early uptrends. Key Levels to Watch $0.26 Trigger, $0.30â$0.34 Targets Technically, DOGE is coiling under a 0.618 Fibonacci retracement near $0.2626, a level analysts such as The Great Mattsby flag as the immediate âdoorwayâ to momentum. The resistance band stretches through $0.26â$0.28, reinforced by the weekly Ichimoku cloud edge and the 50-week MA, creating a high-confluence ceiling. A daily/weekly close above $0.2626â$0.275 would flip multiple trend filters and validate a push toward $0.30, with $0.32â$0.34 (20% higher) the next logical zone. Above there, historical Fibonacci checkpoints at $0.33â$0.35 and $0.41 come into play. On the downside, $0.24â$0.25 remains key first support (former breakout/retest area), followed by $0.23 and $0.22. Losing $0.24 would dent the near-term structure and risk a deeper pullback into the mid-$0.20s. On-Chain and Technicals Hint at 20% Breakout Price recently broke a descending channel, then cleanly retested the upper boundary as support classic reversal behavior. Momentum gauges back the move, as the +DI sits above âDI with a rising ADX, the MACD has flipped positive, and DOGE continues to ride an ascending channel thatâs guided higher lows since summer. Some analysts also note a rising megaphone on higher time frames, where a sustained close above the upper rail could accelerate toward $0.70 later this cycle. Related Reading: Cardano Price To Hit $7.82 This Bull Run â Analyst Says Itâs âOn Track To Meet Targetsâ With whales buying, exchange supply thinning, and price compressing under a high-confluence ceiling, DOGE has the ingredients for a 20% breakout, provided it can secure a decisive close above $0.2626â$0.275. Until then, expect continued range-trading between $0.24â$0.28 as the market builds energy for the next move. Cover image from ChatGPT, DOGEUSD chart from Tradingview
BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data
The BNB price continues to defy broader market trends, reaching an impressive new peak of $1,240 to kick off the week and solidifying its status as one of the top performers in the cryptocurrency industry. BNB Chain Partners With Chainlink Over the past 30 days, the BNB price has recorded an impressive 41% gain, driven in part by a recent collaboration between BNB Chain and Chainlink (LINK), dubbed as one of the marketâs leading oracle providers. This partnership was publicly announced on Monday on social media platform X (formerly Twitter), where Chainlink revealed that BNB Chain had adopted its data standard to make official US Department of Commerce data available on-chain. Related Reading: XRP Ready For $9 Blast â âBreak $3.10 And Itâs Game Over,â Says Analyst The data sourced from the Bureau of Economic Analysis will enable Chainlink Price Feeds to deliver critical macroeconomic indicators directly to BNB Chain. These indicators include key metrics like Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. Chainlink asserts that the availability of such data opens up a series of new possibilities for developers, allowing for the creation of new types of digital assets, prediction markets that leverage transparent economic inputs, and perpetual futures markets grounded in official government statistics. Furthermore, decentralized finance (DeFi) protocols can improve their risk management strategies by aligning them with real-world economic conditions. BNB Price Target Raised To $1,500 Market expert Crypto King has been vocal about the BNB price trajectory, asserting that the token is demonstrating a clear trend of upward momentum. He identified three significant breakout phases: one in July that sparked a strong rally, a second in September, and the current breakout, which he believes is building toward new highs. Crypto King has set an ambitious target of $1,500 for Binance Coin, suggesting that this structural climb is anything but random. Related Reading: Hereâs Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High However, not all market analysts share the same optimism. Another expert, known as Crypto Claws on X, has issued a cautionary note, warning that if the current momentum fizzles, a correction toward the $700 range by December could be on the horizon. This scenario would imply a potential 43% decline for the BNB price, raising concerns about the tokenâs technical structure and the likelihood of a necessary pullback before the next significant bullish leg. In addition to the BNB price performance, other cryptocurrencies are also following the tokenâs lead. Bitcoin (BTC) has surged past the $125,000 mark, achieving a new record, while Ethereum (ETH) is just 5% shy of breaking its previous high. Meanwhile, Chainlinkâs native token, LINK, remains well below its all-time high of $52.70, currently trading just under $23âa gap of nearly 57% that suggests room for growth. Featured image from DALL-E, chart from TradingView.com