Dogecoin’s Support Stays Strong: Whales Buy, Market Signals Bullish Rally

DOGE is holding strong above $0.16 as whales continue to accumulate massive quantities of the meme-based cryptocurrency. With trading volume surging and bullish patterns emerging on the charts, analysts predict a potential price rally to $0.57. 220 million DOGE tokens were recently accumulated by large investors, suggesting growing confidence in the future value of Dogecoin. This comes at a time when technical analysis reveals positive signals like a classic falling wedge pattern and an Ascending Channel pattern on the weekly chart.