Dogecoin Whales Accumulate 470 Million DOGE in Recent Buying Spree
Dogecoin whales have acquired 470 million DOGE, valued at approximately $155 million, indicating renewed interest in the cryptocurrency. This accumulation occurred within 48 hours and aligns with Dogecoin's recent bullish recovery.
Key Highlights
- Whales began accumulating DOGE again, adding over 1 billion tokens in the past week.
- Recent purchases took place between $0.314 and $0.355 amidst significant volatility.
- Dogecoin is forming a Descending Wedge pattern, suggesting potential for a price breakout.
- A breakout could lead to a price increase of up to 120%, targeting $0.739.
- Current market price stands around $0.33.
This buying trend may influence market sentiment and trends as DOGE approaches key support zones and Fibonacci levels.
