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DOGE Poised for 66% Rally as Whales Accumulate 1 Billion Coins

DOGE Poised for 66% Rally as Whales Accumulate 1 Billion Coins

Author:
DOGE News
Published:
2025-05-16 17:17:13
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) is showing strong signs of a potential breakout as large holders, or ’whales,’ have accumulated over 1 billion Doge in the past month. With daily active addresses surging 800% to 674,000—the highest since November 2024—the network is experiencing renewed activity. Technical analysis indicates a bullish momentum, with DOGE breaking out of a descending triangle formation. Analysts project a possible 66% rally toward $0.40 if current support levels hold. As of now, DOGE is trading at 0.22783000 USDT.

Dogecoin Price Eyes Breakout As Whales Accumulate 1 Billion DOGE

Dogecoin’s market dynamics are shifting dramatically as large holders amass over 1 billion DOGE in the past month. The cryptocurrency’s daily active addresses surged 800% to 674,000—the highest level since November 2024—signaling renewed network activity.

Technical patterns suggest bullish momentum, with DOGE breaking out of a descending triangle formation. Analysts project a potential 66% rally toward $0.40 if current support levels hold. The move coincides with broader crypto market optimism fueled by ETF developments and exchange product expansions.

Dogecoin Whale Activity Signals Renewed Confidence Amid Market Resurgence

Dogecoin’s market trajectory is drawing attention as large holders accumulate over 1 billion DOGE in March 2025 alone. The surge in whale activity coincides with a 528% spike in active addresses, underscoring renewed network vigor.

Whales have scooped up 600 million DOGE within 48 hours, suggesting bullish sentiment. This accumulation aligns with Dogecoin’s push toward the $1 psychological threshold, while emerging meme coins like Dawgz AI gain traction.

Dogecoin (DOGE) Breaks Out: Bullish Momentum Builds Toward $1 Milestone

Dogecoin’s on-chain metrics signal accelerating adoption, with active addresses surging 528% this month. The meme cryptocurrency has breached key technical resistance levels, prompting analysts to forecast a potential rally toward $0.40 in the near term.

Transaction volume and whale activity show pronounced upticks, according to market analyst Ali Martinez. The breakout follows a prolonged consolidation period, with the $1 psychological barrier now entering conversation as a bull cycle target.

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