Dogecoin Whales Accumulate 110 Million DOGE Worth $27.5 Million
Dogecoin (DOGE) is currently priced at $0.25, with a market cap of $37.93 billion, representing over 50% of the meme coin market. A symmetrical triangle pattern on the 4-hour chart suggests a potential breakout rally as it approaches crucial resistance levels.
Key Points
- Current DOGE price: $0.25
- Market cap: $37.93 billion
- Recent recovery from support at $0.24
- Resistance levels at $0.2583, $0.2670, and $0.2873
- Potential breakout above $0.30 psychological mark
- Support levels at $0.24344 and $0.20
Whale activity has increased, with 110 million DOGE purchased in the last 48 hours, valued at $27.5 million. Analysts suggest this bullish trend may lead to a 25% price increase if the breakout occurs.