Dogecoin Breaks Out of 146-Day Channel as Whales Scoop Up 310 Million DOGE in 48 Hours
Main Idea
Dogecoin (DOGE) shows signs of potential bullish momentum despite a recent pullback, with significant whale accumulation and analysts predicting a major price surge.
Key Points
1. Dogecoin (DOGE) experienced a 6.41% pullback over the past eight days after a strong performance last week.
2. Whales accumulated over 310 million DOGE (worth $73 million) in the past 48 hours, increasing whale-held supply to 25.42 billion DOGE.
3. Analyst Trader Tardigrade suggests DOGE is preparing for another major move after breaking out of a multi-month wedge.
4. Analyst Ali Martinez identifies a key support zone for DOGE, predicting a potential 115% surge if it reclaims $0.26 as support.
5. XForceGlobal notes that DOGE could see a 3-5x increase, calling it a resilient legacy cryptocurrency.
Description
After a strong performance last week, Dogecoin (DOGE) experienced a notable pullback, losing approximately 6.41% over the past eight days.
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