Dogecoin (DOGE) whales don gather 160M for 4 days as rally still dey go on
Dogecoin (DOGE) dey lead large-cap momentum, don climb about 12% for di last seven days and dey trade near $0.11. Main driver na whale demand. Ali Martinez data show say DOGE whales buy 160M DOGE inside 96 hours (around $17.6M), make holdings rise to ~18.15B DOGE (about 11% of circulating supply). Dis accumulation fit tighten available supply and if buy-side demand continue e fit support more upside. On-chain signals from Santiment dey confirm picture: 739 DOGE transfers worth over $100,000 happen for one day (six-month high activity). Also investors wey dey hold at least 100M DOGE increase reach record 108.52B DOGE. Earlier market catalysts add context: DOGE breakout above descending triangle pattern dey watched for follow-through, with upside targets near 200-week SMA around $0.131. But short-term risk dey rise. DOGE RSI don push above 70 (overbought), and exchange netflow worries mean coins fit dey move to exchanges—wey many time be setup for sell pressure. Traders fit see consolidation or pullback even with the bullish whale-led backdrop.
Bullish
Whale-led accumulation still dey remain the main bullish factor for DOGE. The 160M DOGE wey dem report say dem buy for 96 hours and the record buildup by big holders show say demand fit absorb supply and support the trend to continue. Extra whale activity spikes (739 high-value transfers in one day) still make the chance of sustained interest stronger.
But the latest concerns dey cool the rally: DOGE RSI above 70 show say e don overbought, and exchange netflow wey stronger on inflows fit raise near-term sell-pressure risk. Net effect: bias still bullish for continuation, but higher chance say consolidation or small pullback fit happen before any clear follow-through to higher technical levels.