Dogecoin Whales Go Full Pirate—$0.35 Land Ho as Bull Flag Rises

Dogecoin’s chart flashes a textbook bull flag pattern—just as crypto’s favorite meme coin sees alarming whale accumulation. Traders are bracing for a potential 30% surge if DOGE punches through resistance.

Whales aren’t just betting on hype this time. On-chain data shows nine-figure wallets loading up while retail sleeps—classic ’buy the rumor, sell the news’ behavior from the same sharks who dumped last cycle.

Will this breakout stick? Technicals say yes. The 50-day MA just crossed the 200-day, and trading volume’s creeping up like a suspiciously well-timed Elon tweet. But in crypto, even ’sure things’ crash harder than a Lehman Brothers intern on bonus day.

Dogecoin Price Chart The 53% surge in DOGE last week supports the formation of a bull flag pattern. Currently, DOGE is forming a bullish engulfing candle near the baseline, with a 3% gain. This development increases the likelihood of a bullish breakout as the price approaches the flag’s apex. The recent slowdown in price action pushed the Relative Strength Index (RSI) below the midline. However, a surge in momentum has brought the RSI back to the center, raising the chances of a bullish resolution. Additionally, the MACD and signal lines are nearing a positive crossover in negative territory, supported by a decline in bearish histogram bars. A potential breakout could push DOGE’s price up by 53%, targeting the $0.3543 level. Conversely, a breakdown below $0.2183 WOULD invalidate the bull flag pattern, with the price at risk of retesting the $0.20 zone. Analyst Highlights Whale Accumulation and Network Growth

Supporting the bullish outlook, dogecoin has experienced network expansion and increased whale accumulation over recent months.

According to a tweet by Ali Martinez, whales have acquired more than 1 billion DOGE in the past month, bringing their total holdings to 25.97 billion DOGE. This growing confidence among large holders strengthens the bullish case for DOGE.

Further bolstering the trend, network activity has surged, with transaction volume nearing $549 million and daily active addresses reaching 69.2k. Together, these metrics enhance the likelihood of a successful bull flag breakout and a continued rally for Dogecoin. https://twitter.com/ali_charts/status/1923186889915498950