Dogecoin Whales Quietly Accumulate Over 320 Million Coins — What’s Coming Next?

Dogecoin surpassed $0.20 amidst a minor crypto market recovery, trading around $0.21 after an initial rise. The surge coincided with Bitcoin and Ethereum's stability above key levels. Whale activity revealed substantial purchases of over 327 million DOGE in the last 24 hours, driving trading volume up by 10%. Technically, Dogecoin is within a symmetrical triangle, suggesting a potential breakout. The Relative Strength Index indicates a neutral stance, while MACD hints at modest bullish momentum. A move above $0.22 is seen as a bullish signal, with $0.25 as the next target. Conversely, a drop below $0.18 could trigger further losses. Despite positive indicators, analysts remain cautious, awaiting confirmation through price action and volume. A potential downside break from the triangle pattern and market-wide fluctuations pose risks. Monitoring the $0.22 mark is crucial for determining the direction of Dogecoin's price movement.