Whale transactions surged, indicating strong accumulation and potential Dogecoin price upside.
Dogecoin consolidates between $0.175 and $0.185, eyeing a 10% breakout above $0.185.
Traders show strong bullish sentiment, betting on Dogecoin's potential to rise amid consolidation.
Dogecoin — DOGE, has been quietly gathering strength beneath the surface like a storm preparing to break. Whale investors have not only noticed but also fueled this growing momentum. In fact, large transactions have exploded over the past few days. Meanwhile, Dogecoin’s price action has settled into a tight range, holding traders’ nerves hostage. With whales circling and the market brimming with suspense, many wonder — is a massive 10% breakout on the horizon?
https://twitter.com/johnmorganFL/status/1916756336315953349 Whales Circle as Dogecoin Consolidates
Dogecoin recently shattered a descending trendline, sparking excitement across the community. Since then, though, Dogecoin’s price has fallen into consolidation mode, hovering between $0.175 and $0.185. This pause feels less like weakness and more like whales loading their cannons for the next blast. IntoTheBlock's data revealed something startling: Whale transactions worth $1 to $10 million soared by 540%. Even more dramatic, transactions above $10 million skyrocketed by an unbelievable 8060%. These numbers paint a clear picture of intense accumulation behind closed doors.
Large transaction volumes jumped 41% in just 24 hours, another undeniable signal. Daily active addresses surged by nearly 35%, showing that interest isn’t just growing—it’s exploding. Whales might know something the rest of the market has yet to discover, and they seem to be positioning themselves ahead of a major move. Meanwhile, retail traders pulled back, reflected in a sharp 43% drop in trading volume. Yet sentiment among experienced traders stayed upbeat. Coinglass reported a Binance DOGEUSDT long/short ratio of 2.15. About 68% of top traders placed bets in favor.
Make-or-Break Levels in Sight
Dogecoin’s price action is now behaving like the proverbial “calm before a storm.” For five trading days, Dogecoin has stubbornly clung to a narrow range. The $0.185 resistance level stands as a gatekeeper. A successful daily close above that point could trigger an immediate surge toward $0.205, marking a 10% gain.
On the flip side, failure to break higher could send Dogecoin tumbling to $0.162, losing around 7.5%. This crossroads moment demands traders’ full attention. Every hour of consolidation increases the tension, like a coiled spring waiting to snap.
Dogecoin’s whales have cast their bets, staking millions on a bullish future. Now, the spotlight shifts to the memecoin itself. Will Dogecoin rise like a phoenix, fueled by whale firepower? Or will hesitation drown the dream of a breakout? Either way, the next move will leave a lasting mark.
