The "Dogecoin (@Doge Coin )" currency continues to steal the spotlight on the "Binance" platform, as it has become one of the most traded currencies in recent days thanks to whale movements and promising technical patterns.
In the past weeks, one of the whales pulled more than "10.3 million DOGE" from the Binance platform after a long hibernation of more than two years. This rare movement has piqued the curiosity of traders, as it usually indicates that major investors are either looking to hold the currency for the long term or are preparing for a strategic sell-off outside of the platforms.
-From a technical perspective
Currently, DOGE price is testing the level "0.22\$", which is a pivotal barrier that may determine the currency's direction in the medium term. Charts reveal a "Cup-and-Handle" pattern that sets a potential target at "0.30\$", representing a gain of up to 36% from current levels. Meanwhile, some pressures remain due to a whale transferring approximately 900 million DOGE to Binance in August, which has stifled any attempts for rapid upward movement.
As for market sentiment, optimism is clear. Binance platform data reveals that over 80% of traders are holding long positions in both spot trading and futures. This high percentage reflects strong confidence that DOGE has not lost its luster yet, but is approaching a new upward wave if nearby resistance levels are breached.
๐ Support and resistance levels for DOGE
| Level | Type | Interpretation |
| ---------- | ------------- | ----------------------------------------------- |
| 0.20\$ | Strong support | If broken, the currency may decline to lower levels. |
| 0.22\$ | Pivotal support | The current breaking point being monitored by traders. |
| 0.25\$ | First resistance | Breaking it may push towards a new upward wave. |
| 0.30\$ | Major resistance | The technical target for the Cup-and-Handle pattern. |
โ Summary
Dogecoin remains one of the most controversial and attractive assets in the market. A mix of whale movements, technical indicators, and community enthusiasm makes DOGE a currency that cannot be ignored. As prices approach pivotal points, everyone is waiting to see if the famous dog can howl again in the crypto sky.
