DOGE News: Dogecoin Enters Distribution Phase, Potential Bull Run Ahead

Dogecoin has transitioned from a prolonged consolidation phase into a potential parabolic rally, driven by renewed greed sentiment in the cryptocurrency market. Technical analysis highlights the 'Power of 3' pattern, suggesting a significant upward movement could be on the horizon.

Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming?

Dogecoin has moved past its extended consolidation phase with the return of greed sentiment in the crypto market. Technical analysis indicates that this sentiment could push Dogecoin into a parabolic rally, potentially reaching new all-time highs. The rally is projected from the 'Power of 3' concept, which divides the price cycle into accumulation, manipulation, and distribution phases. Recent price action suggests Dogecoin is entering the distribution phase, signaling bullish momentum.

Whales Accumulate 1.83B DOGE Amid Distraction

While much of the cryptocurrency market’s attention remains fixated on the meteoric rise of $TRUMP, Dogecoin ($DOGE) has quietly captured the interest of high-value investors. Over the past 48 hours, whales have acquired a staggering 1.83 billion Doge tokens, signaling increased accumulation activity that could have significant implications for the token’s price trajectory. According to Crypto analyst Ali Martinez, blockchain data reveals that wallet addresses holding between 100 million and 1 billion DOGE have ramped up their purchasing activity. The cumulative addition of 1.83 billion DOGE within just two days underscores growing interest from large investors, often referred to as 'whales.'

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