Is the DOGE Whale Accumulation Price Turning Point Coming?

The recent market adaptation has led to DOGE (DOGE) opportunity, as approximately 750 million DOGE has accumulated during the price slump phase. This move demonstrates the main capital's confidence in DOGE during the downturn.
Whale Alert: Signal of a 750 billion DOGE coin surge
Data on the blockchain indicates that whale addresses holding 100 million to 10 billion DOGE have been steadily increasing in recent weeks despite the overall market downturn. Analytical expert Ali pointed out that the whales took advantage of the recent dip and bought large amounts, which is a strong signal for market confidence recovery. Historical experience suggests that this type of large-scale accumulation often indicates upcoming sharp price fluctuations.
Price Performance: Backdrop for 2% Decline Today
DOGE is currently trading at $0.24, down 25% from last week and 2% in the past 24 hours. Despite coinciding with the overall cryptocurrency market trend, whale strength suggests that institutional investors may be accumulating opportunities at the bottom. On-chain data confirms this assessment: whale holdings continue to rise, bolstering momentum for a potential reversal.
Technical analysis: opportunity to break the downtrend channel
The four-hour chart shows that DOGE is in a downward channel, with the price continuing to create lower highs and lower lows. Key indicators point to:
Money Flow Index MFI: currently 40.1, although it shows some buying volume, but it has not reached a strong accumulation range ( larger than 50).
Key resistance levels: $0.28 and $0.3 form an important resistance zone
Support test: $0.24 becomes the focal point of competition between longs and shorts
Analysts believe that if the price manages to break above the upper limit of the channel (, which is currently around $0.26 ), it could lead to a reversal of the trend. On the other hand, if the $0.24 support is broken, it may decline to a deeper correction zone.
Market Environment: Economic Factors Dampen Short-Term Performance
Accumulating uncertainty in the global economy with ongoing concerns about market liquidity for risky assets. Despite the lack of major selling of DOGE, its movements are still constrained by the overall negative market sentiment. Achieving a breakthrough in the market requires cooperation with more positive market sentiments and excessive capital inflows.
Key points are imaginable
Dimensions Data trends Market impact
Whale: Increase in holding 7.5 billion coins in two weeks, possible bullish signal
Price direction 25% decrease for the week, 2% decrease for the day Short-term pressure
The MFI technical indicator is 40.1, with a descending channel, the upper barrier of the channel must be exceeded by $0.26
Important support levels 0.24/ resistance 0.28-0.3 divide between buying and selling
Disclaimer: This article provides information for reference only and does not constitute investment advice. Investors should bear the responsibility of assessing market risks themselves and are responsible for the consequences of their decisions. #市场触底了吗？ #Million $ANLOG Launchpool Airdrop is Live #Has the Market Bottomed Out? #$BERA Trading is Now Open