Dogecoin brewing a big market? Whales are preparing, a rounded bottom is forming, and the target is aimed at 0.44

Recently, Dogecoin (DOGE) has formed a rather 'standard' rounded bottom pattern on the weekly chart, which is a classic trend reversal signal.

From the graphical structure, this rounded bottom began brewing in December 2024, with a sufficiently long time span, a solid bottom, and indications of increased volume. As long as it can successfully break through the 'neckline' at 0.23 USD, technically there is indeed space to directly challenge 0.44 USD, achieving an 84% increase.

It is worth noting that on-chain data has also fueled this potential rebound. Santiment data shows that large holders with holdings between 10 million and 100 million DOGE have increased their positions by 320 million in the last seven days, with the total holdings of whales rising to a historical high of 24.98 billion. This increase in concentration is often a typical signal before the market starts.

At the same time, MDIA (Mean Dollar Investment Age) has been steadily increasing, indicating that large holders do not plan to sell easily and remain optimistic about the long-term prospects of DOGE.

However, this does not mean that one can be blindly optimistic. Currently, the ADX trend momentum indicator is trending downwards, and short-term upward momentum appears slightly insufficient. If the MFI encounters 'rejection' again near 50, the price is very likely to enter a sideways consolidation. Once the rounded bottom support at 0.14 USD is lost, it will be a technical breakdown, and the rebound expectation will be completely invalidated, possibly even testing the 0.11 USD area.

Overall, DOGE is currently at a critical stage of 'one step away', with market sentiment and technical patterns accumulating momentum. Whether it can break through 0.23 USD in one go is the core factor in determining whether this round will strengthen. The whales are already positioned; next, it’s about whether the market is willing to cooperate.

Conservative investors may focus on opportunities after confirming a breakout, while aggressive ones can layout strategies based on their own plans, but controlling stop losses is the first principle to play with Dogecoin.