Dogecoin Comeback? Whales Accumulate as Charts Signal Potential Rally
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- Whale accumulation signals renewed investor confidence in DOGE’s market recovery.
- DOGE tests key $0.167 support, with potential upside toward $0.35 if held.
- Liquidation trends suggest traders are preparing for a more stable price range.
Dogecoin (DOGE) has been feeling the squeeze during the crypto market’s recent two-month downturn. However, even with this pressure, significant activity from large investors and increasing user engagement are suggesting a potential for bullish momentum.
Data from Santiment shows that the number of wallets holding at least one million DOGE has been on the rise, indicating increased accumulation. This surge in large holdings could signal renewed confidence from investors who anticipate the market will turn around.
— Santiment (@santimentfeed) March 17, 2025
Dogecoin, like most meme coins, have been hammered during the 2-month crypto-wide retrace. However, we recommend keeping an eye on the rising level of wallets holding at least 1M $DOGE, which has recovered during the price dump. Active addresses are also at 4-month highs. pic.twitter.com/v4Vx5ifmQv
Also, the number of active Dogecoin addresses has reached a four-m…
The post Dogecoin Comeback? Whales Accumulate as Charts Signal Potential Rally appeared first on Coin Edition.
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In This News
Coins
$ 0.00732
+0.81%$ 0.0752
+2.09%$ 0.00...361
$ 0.000207
$ 0.0000475
Predictions Markets
See what traders are focused on
Share:
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