Recent analysis reveals a surge in Dogecoin holdings by significant players, known as whales, which coincides with an impressive price rally. Crypto expert Ali highlights that over $1 billion worth of DOGE has been accumulated by wallets holding between 100 million and one billion tokens in the past month. This accumulation indicates growing confidence among larger market participants. 1 Billion #Dogecoin $DOGE Bought In One Month! (link to tweet/chart) Ali’s insights suggest this may have been a driving force behind Dogecoin’s recent surge, which saw it rise from around $0.13 to a peak of $0.22. While the price has since consolidated between $0.22 and $0.24, on-chain metrics like active addresses, transaction volume, and whale transactions all point towards bullish momentum. The 4-hour chart shows DOGE is approaching key resistance levels with continued upside potential. Key support at $0.183 now sits above the moving average which has flipped from a cap to dynamic support. The RSI currently sits at around 51 after resetting from overbought levels, indicating further potential upward movement. Analysts predict further price gains if Dogecoin can push past $0.24 with significant trading volume, potentially reaching the $0.27-$0.30 level. This bullish trend appears to be supported by both retail and institutional players, as evidenced by increased whale activity and active user engagement, according to on-chain metrics. The market is poised for continued upward movement if sustained by these factors.