Whales Accumulate Over 310 Million DOGE in 24 Hours
Whale activity in Dogecoin (https://holder.io/coins/doge/) surged, with over 310 million DOGE accumulated in the last 24 hours. The current price is approximately $0.223, with potential upward movement towards $1.
- Analyst Javon Marks noted a recurring consolidation pattern in DOGE, predicting a possible rally exceeding 226% to surpass its all-time high of $0.73905.
- Speculation regarding a Dogecoin ETF has increased approval chances from 38% to 75%, indicating growing institutional interest.
- Recent whale accumulation and a 14.24% increase in trading volume suggest strategic positioning ahead of a potential rally.
DOGE Price Analysis
- Dogecoin is breaking out of a falling flag, a bullish continuation pattern.
- Bollinger Bands indicate increasing volatility as the price approaches the upper band.
- The MACD shows signs of a momentum shift towards bulls.
- The RSI is neutral at 45, allowing room for growth.
- Indicators suggest notable buyer strength returning, with low ATR signaling an imminent big move.
Overall, multiple bullish factors are present, positioning DOGE for a potential push above $1.