Dogecoin eyes breakout as $480M whale moves hint at….

Key Points

1. Whales accumulated 2 billion DOGE ($480M), indicating potential upward momentum, while spot investors contributed minimal buying pressure.

2. DOGE underperformed compared to BTC and BNB, dropping 3% in 24 hours and failing to reclaim previous highs despite a 27% monthly rise.

3. Liquidity outflows from DOGE to BTC and BNB were significant, with DOGE falling 39% between May 10 and June 22, while BTC and BNB saw smaller declines.

4. DOGE is trading between key liquidity zones, with potential for a breakout if demand increases, but resistance levels could trigger sell-offs.

5. Despite broader market bullishness, DOGE's decoupling from BTC and BNB's all-time highs suggests a low probability of a short-term rally.