Dogecoin (DOGE) Price Prediction Eyes Major Breakout as Whales Stack Tokens

Dogecoin is back on traders' radars as whales quietly load up on DOGE while charts show bullish signs. The meme coin just bounced off key support, setting up for a potential major move.

DOGE Price Bounces Off $0.20 Support

On the 4-hour chart, Dogecoin bounced right off its long-term ascending trendline that's been solid support since March. Currently trading at $0.20070 (up 0.98%), DOGE remains within its rising channel pattern.

If this support holds, the next resistance sits around $0.30, with optimistic traders eyeing the $0.70+ target.

Whale Activity Points to Potential Rally

Recent reports suggest whales are actively accumulating DOGE tokens. When big players start buying, it usually signals they're expecting serious upward movement.

This whale activity combined with the technical bounce has traders talking breakout. If momentum builds, Dogecoin could quickly test upper resistance levels and push past recent highs.

DOGE3.96%
MAJOR-1.39%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)