Doge coin Eyes $1 Rally as Wallets Holding 1 M DOGE Surge
#doge
Doge coin (DOGE) is showing resilience, holding above the crucial $0.16 support amid increasing whale accumulation and a surge in active wallets. With trading volumes rising and key technical indicators flashing bullish signals, analysts anticipate a potential rally toward $1.
$DOGE Candle Signals Trend Reversal
Prominent analyst Trader Tardigrade has identified a weekly doge candle on DOGE’s chart, a pattern often signaling trend reversals. Similar setups in the past have preceded major Doge coin surges, fueling optimism for a breakout.
Currently, DOGE is trading at $0.1675, up 3.05%, with daily trading volume exceeding $1.06B—an increase of 13%. Options trading volume has also surged by 31%, surpassing $96B, further indicating growing market interest.
Spike in Wallets Holding 1M+ DOGE
Blockchain analytics firm Santiment reports a surge in addresses holding at least 1M DOGE, even as prices declined in recent months. Active addresses have also hit a four-month high, signaling renewed investor interest and potential price resilience.
Can DOGE Hit $1?
For DOGE to sustain an uptrend, broader crypto market momentum is crucial. Additionally, any positive news regarding a Dogecoin ETF could act as a major catalyst. Some analysts are even predicting a parabolic rally beyond $20.
With rising adoption, whale accumulation, and technical indicators aligning, Dogecoin’s path to $1 seems increasingly plausible. Traders are now watching closely for confirmation of the bullish breakout.
