The popular memecoin Dogecoin (DOGE) is back in the spotlight. Increased whale activity suggests a strong rally might be on the horizon.
🔹 Whales Are Waking Up – A Bullish Signal for Dogecoin?
In recent days, Dogecoin has broken through its downward trendline, and although its price is currently consolidating, the interest from major players is growing rapidly.
Data from IntoTheBlock shows a dramatic rise:
Transactions between $1 million and $10 million surged by 540.47%
Transactions over $10 million exploded by 8060%
At the same time, large transaction volumes rose by 41.12% over the past 24 hours, and daily active addresses increased by 34.91%.
Such whale activity suggests massive accumulation — possibly because the big players have insider knowledge or expect an imminent price increase.
🔹 Traders Remain Optimistic
Although DOGE dropped by 1.45% over the last 24 hours and trading volume fell by 43%, the bullish sentiment among traders remains strong.
According to data from Coinglass:
68.28% of top traders on Binance hold long positions on DOGE
The long/short ratio stands at 2.15, signaling a strong bias toward price growth.
🔹 Key Price Levels: Will Dogecoin Rally?
For the past five days, Dogecoin has been trading in a narrow range between $0.175 and $0.185.
This area is now a critical battleground — the price could either break out upwards or slip lower.
If DOGE breaks above $0.185 and closes a daily candle above this level, it could pave the way for a 10% rally up to $0.205.
Conversely, if it breaks down, DOGE could fall to the next support level at $0.162, marking a 7.5% drop.
🔹 Summary:
Dogecoin holds massive potential, but the key lies in whether it can conquer the crucial resistance.
The whales are positioning themselves — maybe investors should too.
#Dogecoin , #memecoin🚀🚀🚀 , #CryptoNewss , #DOGE , #CryptoMarket
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“