Dogecoin whales hoard 1 billion Dogecoins! $0.3 is just the starting point, an epic rebound is imminent!
After a violent rise of nearly 50%, DOGE has reached a decisive moment - the $0.22-0.23 demand zone has become the watershed between longs and shorts. If it holds, it will open up room for growth, and if it fails, it may fall back to the 200-day moving average ($0.195).
Giant whales frantically buy the bottom, 1 billion DOGE moves
On-chain data shows that a mysterious big investor has swept 1 billion DOGE (worth more than $230 million) in the past month, setting a record for the largest increase in holdings in 2024! It is worth noting that:
- The average cost of whales is $0.18-0.22, and the current price is still 15% lower.
- Historical data: Whales surged 170% on average within 90 days after opening a position.
- Similar signals triggered a 300% increase in 2021.
The 4-hour chart shows that DOGE is building a bottom at $0.22-0.23, and the daily "ascending triangle" consolidation is nearing its end:
✅ Breaking through $0.26 will open up $0.3-0.35 space.
❌ Losing $0.22 will look down to the 200-day moving average support.
The trading volume reveals the mystery: when breaking through $0.2, the volume increased by 300%, and the recent shrinking volume callback is a healthy wash. While the market is still waiting and watching, the whales have voted with real money-historical rhymes are reappearing, are you ready to follow?
#doge⚡