After a strong surge last week, Dogecoin (DOGE) has experienced a notable pullback, with a decline of approximately 6.41% over the past eight days. However, this adjustment may provide investors with a good opportunity to buy more DOGE at a low price, possibly the last chance to purchase at such a favorable price.

In the past 48 hours, whales have consumed over 310 million DOGE, indicating that large-scale accumulation is occurring after a brief value retracement, primarily from whale wallets holding between 100 million to 1 billion DOGE, with initial purchases exceeding 73 million dollars.

Data shows that since July 17, the total holdings of whales have increased to 25.42 billion DOGE. Historically, such accumulation after a pullback often leads to a rebound, and this time is no exception.

DOGE has broken through a wedge pattern formed over several months and a 146-day upward channel, which is brewing to trigger the next wave of a significant rise. Dogecoin will welcome a second peak after the pullback.

Currently, DOGE is testing the neckline of a double bottom pattern, and this key support level may be an ideal entry point before a breakout, providing a challenging entry point for the next round of upward movement!

The double bottom pattern had begun to form back in February when DOGE fell below 0.25 dollars, after which the price fluctuated between 0.1290 and 0.1430 dollars before breaking the neckline last week. If the double bottom pattern is confirmed, reclaiming the 0.26 dollar support level may drive the price up to 0.46 dollars, an increase of 115%.

Dogecoin remains a strong competitor in this cycle, predicting at least a 3-5 times increase in its remaining duration, if not higher. While all altcoins have upward potential, DOGE's opportunities are sharply highlighted.

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