Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap?

Dogecoin has shown resilience after recent volatility, holding above key support levels around $0.15. Bulls are targeting $0.17 as the next resistance level; breaking this could signal a broader price reversal. Whale activity, with over 800 million DOGE accumulated in 48 hours, supports a bullish outlook. This accumulation, coupled with improving technical indicators, fuels optimism among traders. However, global macroeconomic uncertainty remains a significant risk factor. A sustained push above $0.17 is crucial for confirming a recovery rally; failure to do so could lead to further consolidation or a retest of lows. The $0.15 level acts as critical support; a break below this could trigger a drop to $0.13 or lower. Currently, Dogecoin is at a crucial juncture, with both bullish and bearish scenarios remaining possible. The coming days will be decisive in determining whether Dogecoin breaks out or experiences another pullback. Price action above immediate resistance is needed to confirm the bullish momentum indicated by on-chain data.