Dogecoin has experienced a major price surge following substantial whale activity, breaking a prolonged bearish trend. Large holders accumulated over $1 billion worth of DOGE within 24 hours, signaling renewed institutional confidence and a potential market reversal.
The cryptocurrency rebounded sharply from $0.18 to $0.207, with technical analysts noting a decisive breakout from a descending channel pattern. This movement indicates strong support levels and growing bullish sentiment, while increased trading volumes reflect heightened market optimism.
Analysts suggest that maintaining support near $0.21 could pave the way for further upside toward the $0.24-$0.25 resistance range. This whale-driven momentum marks a significant shift from Dogecoin’s recent volatility to a more positive trading environment.