Whales Scoop 310M $DOGE in 24H: Is a Breakout Brewing?

Okay, here's a revised version of the article, focusing on improved readability and removing the specified elements:

Key Insights:

• Dogecoin whales accumulated 310 million coins during a recent price dip, indicating increased interest at lower price points.
• DOGE rebounded from the $0.213 support level, with traders closely monitoring for a potential breakout towards the $0.250 range.
• Whale accumulation amidst falling prices may suggest early positioning for Dogecoin's next upward movement.

Dogecoin (DOGE) experienced a dip to $0.22 earlier this week, but significant holders demonstrated renewed interest by acquiring over 310 million tokens within a 24-hour period. This activity has drawn attention as analysts evaluate the meme coin's future trajectory.

The price decline reflects broader market volatility affecting various altcoins. Despite this, DOGE has maintained its position above the $0.213 support zone.

As of the time of writing, Dogecoin is priced at $0.223, with a 24-hour trading volume exceeding $2.2 billion. The meme-based coin has posted a 0.55% gain during the same period, signaling a mild recovery.

Whales Accumulate Amid Falling Prices

During this pullback, whale wallet activity saw a notable increase. In a single day, wallets holding over 1 billion DOGE collectively added 310 million tokens to their holdings, representing over $73 million at market prices.

According to data, whale wallets now control over 72.6 billion DOGE in total. Analysis indicated that whales bought 310 million Dogecoin (DOGE) in the last 24 hours.

While the overall market sentiment appeared cautious, whale wallets exhibited increased activity, suggesting a potential shift in sentiment at these market levels. This type of buying activity is often indicative of strategic positioning.

Breakout Potential Builds From Support Levels

Market analysts have identified $0.213 as a critical support zone. Dogecoin's bounce from this area has formed a potential bullish reversal setup. A breakout above resistance could lead to a significant move, potentially pushing DOGE towards the $0.240–$0.250 range.

Notably, the current price zone also aligns with previous trading ranges from early July, further emphasizing the $0.235–$0.243 area as a short-term target. Traders are closely observing whether DOGE can reclaim these levels with sufficient volume.

The whale activity during the price decline has generated renewed interest in Dogecoin's chart setup. With 310 million DOGE entering whale wallets in just 24 hours, the conditions may be developing for a volatile shift. Whether this translates into a sustained price movement will depend on upcoming price action around key technical levels.