Dogecoin Whales, Double Bottom Signal $0.26 Rally
Dogecoin dey show signs say e fit go up after e form clear double bottom for $0.1467. Big big whale dem dey collect more, addresses wey hold 1–10 million DOGE don rise to 10.5 billion tokens and 10–100 million DOGE wallets don grow to 24.8 billion. On-chain data sef show say big holders (1–100 million DOGE) still dey increase position while small traders dey reduce.
Recent price rebound make DOGE jump 7% to $0.18 for heavy volume, 24-hour trading volume rise 251% to $1.4 billion. DOGE futures open interest rise 10.5%, and liquidations near $8.17 million mainly short positions.
Technical indicators dey support more upside. The biweekly stochastic show bullish cross for ascending trendline, RSI don bounce back near neutral 50 zone, MACD lines crossover bullish. Funding rates don stay positive since July 2024. Traders dey eye rally to resistance at $0.24–$0.26, whales dey lead buying pressure.
External factors dey boost sentiment too. US government extend tariff negotiation to August 1, Elon Musk launch America Party plus pro-Bitcoin stance add bullish momentum.
Traders suppose watch whale accumulation, key support at $0.1467, and technical levels for entry and exit signals.
Bullish
Di combine on-chain plus technical signal dem dey show say Dogecoin get beta (bullish) outlook. Whale dem dey add plenty more quick quick and clear double bottom for $0.1467 mean say big holders dey give strong support. Price jump 7% reach $0.18, trading volume jump 251%, futures open interest rise 10.5%, plus positive funding rates all show say investors dey confident. Key indicators—stochastic bullish cross, RSI rebound, MACD crossover—dey signal say price fit still rise more. External things like U.S. tariff extension plus Elon Musk pro-Bitcoin stance dey add momo. Short term, these fit push DOGE reach $0.24–$0.26 resistance zone. Long term, steady whale buying plus on-chain accumulation give better foundation unless $0.1467 support break.