Whales have returned – is Dogecoin ready for a surge? 🚀 Santiment data shows that the largest investors have quietly increased their positions over the past four weeks, while network activity is rising.
The whale accumulation chart in the gray zone indicated that $DOGE increased to 26 billion from April 13 to May 13. Large investors absorbed 1.4 billion $DOGE, worth over $300 million at spot rates, even as the token was rising.
The capital flow is positive, and the price chart indicates that the market is at a critical point.
According to Martinez, a daily close above $0.2600 will create a vacuum to the psychological level of $0.3000, which "could trigger a new bullish market movement." If the barrier is not broken, the price could return to the April base structure around $0.1700.
Whether the current accumulation is the start of a broader upward campaign or just another swing within the range depends on whether demand can overcome the wall at $0.24-$0.26.