Dogecoin ( $DOGE ) maintains support above $0.20 while major investors scoop up over 1 billion tokens. Could this whale activity signal an incoming breakout?
Dogecoin has been quietly holding its ground above the crucial $0.20 mark after taking a hit earlier this week. The meme coin dropped below $0.19 but quickly bounced back, showing some real staying power. Right now, DOGE is sitting around $0.2071, up about 0.54% in the past hour according to Binance data.
What's catching traders' attention isn't just the price recovery - it's the volume picking up on the buy side. The charts are painting a picture of higher lows since early August, which could be the early makings of a bullish turnaround.
💥DOGE Whales on a Shopping Spree
Here's where things get interesting. Word on the street is that whale wallets have been on a massive DOGE shopping spree, accumulating over 1 billion tokens in just the past few days.
When whales start loading up like this, it's usually not for kicks. These big players typically know something the rest of us don't, or they're positioning for what they think is coming next.
💥Breaking Through $0.25 - The Million Dollar Question
The real test for DOGE is whether it can punch through that stubborn $0.25 resistance level. It's become a bit of a wall for the coin lately. To break it, Dogecoin needs some serious buying pressure - and maybe a good catalyst to push it over the edge.
Looking at the technicals, here's what traders are watching:
Support zones: $0.196 and that key $0.20 level
Next hurdles: $0.208 and $0.22
The big prize: Breaking $0.25
If DOGE can clear $0.22 in the next few sessions, we might see it make a real run at $0.25 or beyond. But if it can't stay above $0.20, we're probably looking at more sideways action for a while.
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