Dogecoin Price Rises 8% as Whales Accumulate 230 Million DOGE
Dogecoin (DOGE) Price Surge
- Price increased by 8.2%, moving from $0.20 to $0.2229.
- Whales accumulated 230 million DOGE in 24 hours, indicating strong institutional interest.
- Trading volume rose by 146.64% to $2.94 billion; market cap reached $33.53 billion.
Analysts noted new resistance forming at $0.222-$0.224, with stable support at $0.220. Market participants are anticipating consolidation before the next move.
- Potential resistance areas identified at $0.23-$0.28.
- Closing above $0.23 could confirm a bullish reversal; failure to break $0.228 may lead to a pullback toward $0.18.
Future movements depend on whale accumulation and shifts in market momentum.