Large wallets have been busy accumulating more Dogecoin (DOGE) as the cryptocurrency attempts to break out of a crucial chart zone, a move that could propel it toward a $1.22 price target, according to crypto price prediction. Over the past 72 hours, they've picked up over 530 million DOGE, signaling their strong interest in the coin, especially as it trades close to the lower Fib in the $0.20 range.

Chart Signals Point Toward a Crucial Breakout

This sharp increase in accumulation follows a period of consolidation that saw DOGE bounce off the lower Fib at $0.20 and form a double bottom on the 4-hour chart. As Shapeshift CC points out, if DOGE manages to break through the triple resistance at $0.28, it could experience a 200% rally. This triple resistance is formed by the 78.7% Fib, the 38.2% Fib on a larger timeframe, and a round psychological price level.

"If we manage to break through the triple resistance, we could be looking at a 200% move to the 1.238 Fib, which is around $1.22. But if we fail to break through the triple resistance, we could be looking at a move lower to the 0 Fib at $0.17," Shapeshift CC warns.

Despite the slow trading volume, which might hamper the breakout, there are other positive signals. Open interest is climbing steadily, indicating that traders are engaging in the market and placing bets.

On Binance and OKX, bullish ratios are emerging as long positions now outweigh short ones significantly. In the options market, the shift is towards the upside, with more bets being placed on price increases than on decreases.

Dogecoin Is Gaining Attention

With big buyers stepping in and technical signals forming, the Dogecoin forecast is leaning toward a breakout that could materialize quickly.

Meanwhile, Litecoin (LTC) is showing signs of strength as it defends a key support level and shows promise for further gains. The current Litecoin price surge has brought the asset to around $76.39. Although it faced a small dip recently, strong usage is helping push things forward.

March 2025 saw Litecoin occupy 32.26% of all BitPay transactions, overtaking Bitcoin’s share of 29.09%. This highlights the increasing favor towards LTC for payments and daily use.

The LTC Trend Contributes to a Broader Narrative

This observation is further supported by data from Bitrefill, a platform that allows users to buy gift cards and other products with crypto. Over the past few years, Litecoin's share on Bitrefill has soared from nearly zero to over 11%. This signals that LTC is not only being held but also actively used for spending.

From a technical angle, Litecoin is staying glued to its $70 support level, which is a good sign. RSI is recovering slowly from around 40, and the ADX is showing a gradual increase, indicating rising strength in the current trend.

If LTC manages to cross the $80 mark, analysts will be watching for a swift move toward $96, and possibly $113, if the $96-$80 Fib serves as support during the decline. However, if sellers manage to push the price below $70, it could open the door for a deeper correction.

Both chart signals and real-world use are lining up for Litecoin's next possible move.