Massive 800 million DOGE tokens, worth approximately $323 million, recently moved between unknown wallets, sparking speculation across the crypto space. According to Whale Alerts on X , such significant transfers often signal major market shifts.was trading at $0.4067, up 0.57% in the last 24 hours.
On the other hand, the 9-EMA is above the 21-EMA, a bullish sign for short-term momentum. However, there has been no confirmed crossover yet, which means traders are still waiting for confirmation before fully committing to a breakout.The Network Value to Transactions ratio has risen from 51.93 to 66.57 over the past 24 hours. This increase suggests that transaction volume is picking up relative to Dogecoin’s market cap, which typically signals growing market activity.
More active addresses typically indicate higher investor interest, which could translate into upward price momentum. Therefore, this increase in active addresses could be a sign that Dogecoin is gaining traction with investors.The long/short ratio for DOGE currently stands at 52.41% long and 47.59% short, creating a long/short ratio of 1.1013. This slight bullish bias suggests that more traders are betting on upward price movement.