Whale wallets added 800 million DOGE in 48 hours, increasing their total holdings to 72.18 billion.

DOGE maintains strong support at $0.1580; resistance remains near $0.1660.

RSI and MACD indicators suggest a potential bullish reversal this week.

Dogecoin (DOGE) demonstrates renewed strength following a recent correction, driven by a sharp price rebound and substantial purchases from whale wallets. The cryptocurrency, which recently dipped after reaching a high near $0.169, has experienced a significant increase in investor interest.

Why Are Dogecoin Whales Accumulating DOGE?

A major factor contributing to this resurgence is the accumulation of over 800 million DOGE by whale wallets in the past 48 hours. Ali Martinez reported that large holders, possessing over 1 billion DOGE, have collectively increased their holdings to 72.18 billion DOGE. This aggressive buying coincides with the recent DOGE price rebound. Many traders view this accumulation as a bullish signal, as whale activity often precedes significant price movements.

Source: X

Dogecoin's price decline, which lasted until April 7th, reversed shortly afterward, leading to a climb to...

The post Dogecoin Eyes Bullish Continuation on April 16 as Whales Add 800M DOGE in 48 Hours appeared first on Coin Edition.