Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In recent hours, nearly 4 billion Dogecoin has been moved in one of the biggest transfers so far in 2026. The massive Dogecoin figure was moved from major cryptocurrency exchange Binance to an unknown whale wallet at a fee of 1.5331 DOGE.
"3,999,999,999 DOGE (299,505,966 USD) transferred from Binance to unknown wallet," Whale Alert reported.
The massive transfer follows a surge of network activity on the Dogecoin network. On July 5, Ali, a crypto analyst, reported a surge in Dogecoin network activity, with active addresses reaching nearly 50,000. It also comes as Dogecoin approaches a crucial support area that was instrumental to its strongest rallies in years.
Ali, in a previous tweet, pointed to $0.06 as the most important support level for Dogecoin. The analyst noted that this multi-year accumulation zone has historically marked the beginning of some of the strongest rallies.
Dogecoin forms short-term golden cross
A golden cross has emerged on the Dogecoin 2-hour chart as the MA 50 has crossed above the MA 200. The signal follows last week's rebound from a low of $0.069 on June 29, following which Dogecoin reached a high of $0.079 on July 4.
Dogecoin was down 3.56% in the last 24 hours to $0.0744 but up 2.57% in the last seven days.
The crypto market is seeing mixed trading action on Tuesday as investors await further economic data. Investors are looking ahead to Wednesday's FOMC minutes, the first under new Fed Chairman Kevin Warsh, which will provide further clues on monetary policy. Thursday will see the release of the weekly initial jobless claims for June.
However, a potential setup on the weekly chart has traders further on the lookout. The weekly MA 50 (50 WMA) has pulled downward and might meet the 200 WMA in the coming weeks, hinting at a potential death cross formation.
The last time such a signal appeared on Dogecoin's weekly chart was three years ago, precisely in February 2023.
Dan Burgin
U.Today Editorial Team
