Is $DOGE ready for the next breakout?
Dogecoin [DOGE] has seen significant whale activity lately, with over 200 million tokens accumulated in just 48 hours. This surge in demand has reignited investor interest and optimism about DOGE’s potential for a breakout.
At press time, $DOGE was trading at $0.3854, representing a 1.61% hike over the last 24 hours. Additionally, whale accumulation is often an early indicator of strong price movements, raising expectations for a bullish run in the coming
As was the case in 2021, historical data seems to suggest that these corrections often pave the way for new price surges, especially during bullish phases. Therefore, if the cycle repeats itself, Dogecoin could see a significant upward leg as early as next week, with resistance levels at $0.40 and $0.50 becoming key milestones.
Dogecoin’s strong whale activity, bullish price patterns, and rising network engagement suggested that it is well-positioned for a breakout. If the $0.40 resistance is breached, $DOGE can target $0.50 and beyond in the near term.
Will the meme coin finally deliver a sustained rally? The next few weeks will reveal the answer.
