Unlock the wealth code! Whales spend 310 million DOGE, will $0.26 become the 'golden position'?
After a sharp rise, #DOGE encountered a pullback, declining about 6.41% within eight days. However, this fluctuation may have opened a window for savvy investors to accumulate coins at a lower price, potentially being the last opportunity to capture rare low prices.
In the past 48 hours, whales have quietly absorbed over 310 million DOGE, indicating that after a brief adjustment, large-scale accumulation actions have quietly begun. Notably, the wallets holding between 100 million to 1 billion DOGE have significantly increased their holdings, with amounts exceeding 73 million USD.
Since July 17, the total holdings of whales have surged to 25.42 billion DOGE. Historical experience shows that increased holdings after a correction often signal a rebound, and this time is no exception.
DOGE has broken through a wedge consolidation that lasted for several months and a 146-day ascending channel, indicating that the next wave of a major increase is about to begin. After the pullback, Dogecoin is expected to welcome a new peak.
Currently, DOGE is testing the neckline of a double bottom pattern, a key support level that may serve as an excellent entry point before a breakout, laying a solid launching pad for the upcoming upward trend!
As early as February, when DOGE fell below $0.25, the double bottom pattern began to take shape, followed by price fluctuations in the range of $0.1290 to $0.1430, until successfully breaking the neckline last week. If the double bottom pattern is confirmed, returning to the $0.26 support level may lead the price to soar to $0.46, with an increase of an astonishing 115%.
Dogecoin still maintains strong competitiveness in this cycle, and it is expected to rise at least 3-5 times, or even higher, in the remaining time. Although many altcoins are showing upward potential, DOGE stands out particularly.
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