Whale wallets added 1B DOGE in a month, signaling strong long-term investor confidence.
DOGE network activity surged 990%, with daily volume hitting $2.84B—indicating rising adoption.
Technicals show a bullish wedge pattern; breakout above $0.26 could trigger a 215% rally to $0.73905.
Dogecoin (DOGE) has entered a critical phase, echoing patterns seen during its past bullish cycles. As it holds above crucial support levels and whale accumulation intensifies, analysts suggest that DOGE may be preparing for another +215% price increase toward $0.73905 at the minimum based on historical trends.
Whale Accumulation and Network Activity Strengthen Bullish Case
Dogecoin is currently trading around $0.22, having recently bounced off the $0.215 support level. The 200-day Exponential Moving Average (EMA) at $0.21 continues to act as a firm base for price stability. According to an analysis prepared by Ali Martínez, over 1 billion DOGE has been accumulated by large holders in the past month. This behavior from whales suggests a long-term bullish outlook.
At the same time, Dogecoin’s on-chain metrics are showing strong growth. Active addresses have increased by over 100%, while network transactions surged by 990% in just one week, according to data shared by Dogegod on X. These numbers indicate growing interest and participation across the Dogecoin network, which has historically preceded rallies.
https://twitter.com/JavonTM1/status/1925025654963073215
Volume also remains a key focus. Daily transaction volume for DOGE recently hit $2.84 billion, putting it ahead of several top cryptocurrencies. Sustained volume at this level may support a breakout above current resistance zones.
Technical Structure Mirrors Past Bull Runs
From a technical view, DOGE is forming a bullish falling wedge pattern. The support around $0.215 aligns closely with the 0.236 Fibonacci retracement level. If price breaks above $0.223 with volume, it could confirm a new upward trend.
According to analyst Javon Marks, DOGE may already be in a trend of higher highs and higher lows, which is consistent with past breakouts. The resistance zone between $0.25 and $0.26 remains key.
A confirmed close above this range could open the way toward the 1.618 Fibonacci extension at $0.258 and then $0.280. Based on previous cycle setups, this could eventually push DOGE toward $0.73905 or higher.
The post Dogecoin Repeats Bullish Pattern, Eyes 215% Rally Toward $0.73905 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
