Heavy buying by large Dogecoin investors accelerated as the $DOGE price approached a critical resistance zone where high trading volume has been observed in the past.
Purchases by large investors in the Dogecoin market have reached remarkable levels. According to on-chain data shared by cryptocurrency analyst Ali Martinez, whales purchased more than 1.14 billion $DOGE in the last 96 hours. The total value of the tokens during this transaction period was estimated at approximately $112 million.
The accumulation by large investors coincided with the period when the $DOGE price approached the key region around $0.098. Historical data shows that approximately 28 billion $DOGE changed hands in this price range. Therefore, this region is being watched as a strong resistance area containing the cost levels of many investors.
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