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**131 Million Dogecoin Shuffled in One Hour by Robinhood: Details**
In a shocking turn of events, it appears that bears may have been selling on rallies, causing the price of Dogecoin to plummet rapidly. According to recent data, 131 million Dogecoins were shuffled in just one hour, indicating a significant sell-off.
As per our analysis, this sudden decline could be an indication that bears are indeed selling on rallies, as they often do. We can’t rule out the possibility that Robinhood’s actions may have contributed to this unexpected market shift.
In light of these developments, it seems likely that Dogecoin will fall to its support at $0.30 if bears continue to sell aggressively. If the price does indeed rise above $0.40, we would consider it a sign of uncertainty settling in favor of bulls.
If this rally continues to gain momentum, Dogecoin could soar as high as $0.48 before encountering selling pressure.
Source: u.today
