Dogecoin Price Prediction: Consolidation Ahead of Breakout?

Dogecoin has maintained high trading volume, contributing to volatility in the market. Its current price action remains confined within a tight range, indicating waning bullish and bearish pressures. While the spot market is uncertain, whale activity offers insights into potential price shifts. Recent reports show large-scale DOGE transfers, exceeding 478 million coins, between unknown wallets. This despite a significant selling pressure witnessed from whales in April, hinting at growing confidence in upcoming price action.