1.08 Billion Dogecoin (DOGE) in 48 Hours: What Happened?

Key Points

1. Dogecoin price increased nearly 50% in July, reaching an intraday high of $0.257 after a low of $0.188 on July 15.

2. Whales accumulated 1.08 billion DOGE in 48 hours, signaling strong buying activity.

3. Analysts view the recent price movement as a major bullish breakout for Dogecoin, which had stalled in previous months.

4. DOGE is up over 48% in the last month but remains nearly 71% below its 2021 all-time high.

5. Traders are eyeing the next major resistance level at $0.36 after DOGE surpassed the $0.20 barrier.