Dogecoin is showing strong indications of a potential bullish resurgence, driven by converging technical signals and notable whale accumulation. An ascending trendline support combined with a rebound in the Relative Strength Index (RSI) suggests growing momentum after a recent correction phase, with the RSI consistently forming higher lows.
Historical patterns reveal bullish MACD crossovers have previously triggered significant Dogecoin price rallies, yielding gains between 84% and over 400% during past market cycles. This technical setup appears to be replicating, reinforcing market optimism.
Large-scale investors have capitalized on recent price dips, accumulating over 310 million DOGE tokens worth approximately $19.7 million. This whale activity highlights strategic positioning during pullbacks, reflecting heightened institutional interest.
Futures market dynamics further support bullish sentiment, with Dogecoin’s open interest surging to $3.78 billion combined with a 75% weekly increase in trading volume. The 12-period exponential moving average near $0.24 provides critical short-term support, solidifying the technical foundation for potential upward movement.