$DOGE bounces from $0.20 trendline support with whales accumulating. Chart hints at a breakout toward $ 0.70+.
Dogecoin is back on traders' radars as whales quietly load up on DOGE while charts show bullish signs. The meme coin just bounced off key support, setting up for a potential major move.
💥DOGE Price Bounces Off $0.20 Support
On the 4-hour chart, Dogecoin bounced right off its long-term ascending trendline that's been solid support since March. Currently trading at $0.20070 (up 0.98%), DOGE remains within its rising channel pattern.
If this support holds, the next resistance sits around $0.30, with optimistic traders eyeing the $0.70+ target.
💥Whale Activity Points to Potential Rally
Recent reports suggest whales are actively accumulating DOGE tokens. When big players start buying, it usually signals they're expecting serious upward movement.
This whale activity combined with the technical bounce has traders talking breakout. If momentum builds, Dogecoin could quickly test upper resistance levels and push past recent highs.
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