📣📣📣
DogeCoin Whale Watching & A Technical Rebound
While the long-term vision is compelling, the short-term outlook for Dogecoin is equally captivating.
After a nearly 15% rally in the past two weeks, DOGE reached a local high of $0.19 on April 26 before retracing to around $0.18.
Technical analysts believe this recent move may have completed a breakout above $0.175, a key resistance level.
Trader Tardigrade declared that DOGE’s push past $0.175 indicates a breakout that could lift the token above $0.20 in the coming days.
CryptoBullet supported this view, noting that DOGE appears to be forming a classic “accumulation cylinder,” which historically precedes a sharp upward move.
Their bullish forecast projects a potential cycle peak of $3.20, followed by a drop back to current levels by 2027.
Whale accumulation remains a powerful bullish indicator. Ali Martinez reported that large DOGE holders (those with 1M–10M DOGE) acquired 100M tokens this week alone, raising their total holdings to over 10.5 billion DOGE, about 7% of the entire circulating supply.
This trend often draws in retail investors and reduces market supply, laying the groundwork for potential price spikes.
However, with the accumulated DOGE valued at under $20 million, some argue it may not be sufficient alone to drive a massive rally.
