$DOGE Meteoric Rise: Whales, Records, and Bullish Signals Point to a Major Breakout
The price of #Dogecoin has surged to $0.21, with a market capitalization exceeding $31 billion. This can be attributed to a slightly greener market as well as a recent tweet by Charles Hoskinson.
However, what is currently capturing most of the attention is the massive accumulation by whales: 180 million DOGE in a single day, according to analyst Ali Martinez. If these major #investors are betting on a price increase, it is surely not without reason. Another interesting point: the number of addresses holding Dogecoin has reached an all-time high with over 83 million wallets. More users and more transactions significantly increase the chances of a price surge.
On the technical analysis side, some experts, like Tardigrade, have identified the formation of a dragonfly Doji on the DOGE price chart. This is a chart pattern that often signals a bullish reversal. In other words, DOGE could very well be at the beginning of a major movement.
For those looking to identify high-potential #memecoins , such signals – whale accumulation, growing adoption, and positive technical indicators – are elements worth closely monitoring.
