Dogecoin Comeback? Whales Accumulate as Charts Signal Potential Rally

Whale accumulation signals renewed investor confidence in DOGE's market recovery.

DOGE is testing key $0.167 support, with potential upside toward $0.35 if this level holds.

Liquidation trends suggest traders are anticipating a more stable price range.

Dogecoin (DOGE) has faced pressure during the crypto market's recent two-month downturn. Despite this, significant activity from large investors and increased user engagement hint at potential bullish momentum.

Data from Santiment reveals a rising number of wallets holding at least one million DOGE, indicating increased accumulation. This surge in large holdings may signal renewed investor confidence in a market turnaround.

Dogecoin, like many meme coins, has suffered during the 2-month crypto market correction. However, the increasing number of wallets holding at least 1M $DOGE, which has risen even during the price drop, warrants attention. Active addresses are also at 4-month highs.

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