{"838a294fcb572a4de031a12070df6618":" Dogecoin is trading within a symmetrical triangle pattern, which may see the coin rise to a higher price if it breaks out. TradingView analyst Bithereum_io identified the pattern in the market on October 5, which offers traders straightforward points of entry and price levels.","bbe0c055e4e2560ac05d29a3e2af2148":" Over the past 24 hours, the cryptocurrency has lost 3%, indicating a market weakness. The recent pullback does not mean that the correction eliminates buying opportunities for investors who intend to open positions, as indicated by the technical indicators.","c1cfb0d1424ccc72c6a47c14eb160358":" Strategic Entry Points for Traders","ea5dbdfc2304dc7fac82425ebb9ad3d6":" The analysis highlights two key areas where accumulation can occur. The initial order level is now at market levels of about 0.256. There is a secondary buying opportunity between 0.209 and 0.220, and this coincides with a critical support area.","a8568cc2854f84ada6a953233c51f6ce":" The 200-day simple moving average is currently at $0.204, which supports the strength of this demand zone. Dogecoin has remained above the $0.20 mark it broke in August, and it has a solid support base.","29e70df188f29cf84f37b7ea3050e40d":" Dogecoin Analysis. Source: Bithereum.io","a9f9dddc1ed2c23d920960fdd6c5a315":" If prices continue to fall, the technical analysts believe there will be a rebound in this lower area. The presence of several support indicators increases the likelihood of a reversal at these levels.","2408d7ffa83722652a635dfb943f4ee3":" Bithereum_io has set four different price targets based on the technical indicators of the triangle pattern. The closest target is at 0.298, which is a 16 percent increase based on the prevailing prices.","e020d5d8a3149302b8709568fe37b9ca":" The second objective is 0.337, representing a 32% increase. The possible additional upward movement reaches levels of $0.394 and $0.466, which represent 54% and 82% gains, respectively.","8c850dc793c9b28c03138379d7505dc4":" The highest target of $0.466 approaches the December 2024 peak of $0.4846. A successful breakout could therefore trigger a retest of multi-month resistance levels.","3de550ea8b1962f88c17843f07b29606":" Whale Accumulation Supports Bullish Case","b9f0370417da91f0a045aca0806bc657":" The latest on-chain analysis indicates that there have been numerous purchases by large holders. Cryptocurrency analyst Ali Martinez reported that whales purchased 30 million DOGE tokens within 24 hours.","00951c970e18b2df01394a6d5f49bd49":" The accumulation occurred specifically among addresses holding between 1 million and 10 million tokens. These wallets are currently managing 10.77 billion DOGE together, as Santiment data show.","c7b6d181bae388cfaab752b54c510adc":" Whales Accumulate 30M DOGE. Source: X","05dd7efa4bf30e1b0fd3c43c16210f43":" This compounding trend suggests that advanced investors are optimistic about a future price surge. The activity of large holders typically precedes major price changes because these participants often have longer time horizons and more in-depth market analysis.","36589126332ad4334fa06b25fd260382":" The combination of technical setup and whale accumulation creates a potentially favorable environment for price recovery. Traders will observe how Dogecoin helps sustain its support above crucial levels when the rest of the cryptocurrency market stabilizes.","f666b2551b93628c0f9c6b8efeca78ff":" The symmetrical triangle is normally a tie that is solved by a dramatic step in either direction. Before traders commit themselves to positions they anticipate, they hold back until the direction of the breakout is established."}