Crypto: Dogecoin Ready To Jump? Whales Are Accumulating Massively

The major holders of Dogecoin, commonly referred to as “whales,” have engaged in massive accumulation of over 90 million DOGE in just 48 hours. This activity comes as the meme crypto trades around $0.31, within a critical consolidation phase.

A massive accumulation that intrigues the crypto market

Recognized crypto analyst Ali Martinez revealed that the main Dogecoin addresses conducted massive purchases between December 27 and 29, 2024. This accumulation of over 90 million DOGE represents a significant investment, thus reflecting renewed confidence from major investors in the future of crypto.

The on-chain data shows that this accumulation fits into a broader trend of strategic purchases by whales, who are taking advantage of the current consolidation period to strengthen their positions. Historically, such accumulation behaviors have often preceded significant price movements.

This intense whale activity occurs in a context where Dogecoin struggles to break the resistance of $0.35, suggesting that major investors may be anticipating a forthcoming bullish movement.

Technical perspectives to watch closely

The price of Dogecoin is currently in a delicate technical situation, oscillating around the critical level of $0.31. This zone represents a pivotal point for the future direction of crypto.

To confirm a bullish scenario, DOGE will need to decisively break and maintain the level of $0.37. Such a breakthrough, supported by the recent whale accumulation, could trigger a significant upward movement.

However, caution remains essential. A break below the support of $0.30 could conversely lead to a deeper correction towards $0.20, a major psychological level that has historically served as support.

The massive accumulation by Dogecoin whales constitutes a strong signal for the market, but the current volatility in the crypto sector calls for vigilance. The coming days will be crucial to confirm whether this accumulation indeed heralds a new bullish cycle for the most popular meme crypto in the market.

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