 
 
Whale accumulation is intensifying, signaling Dogecoin may be on the verge of a major breakout.
Calling out this development, market analyst MattMax noted that since the beginning of August, whales holding more than 100M million DOGE have added 680M tokens, and another 2 billion worth a whopping $450M just this past week, pushing whale holdings to their highest level since late 2024.
Therefore, whales are aggressively accumulating Dogecoin, lifting holdings to multi-month highs.
Coupled with a golden cross and shrinking exchange supply, this could mark a pivotal bullish turning point for DOGE.
$0.3 Emerges as the Key Zone to Break
MattMax pointed out that Dogecoin’s present breakout zone is between $0.238 and $0.25, with a decisive move above $0.25 expected to spark the next leg up.
 
Similar sentiments were shared by market commentator Lingrid that Dogecoin is rebounding from its ascending support line, maintaining a bullish channel.
After breaking out of a wedge and pulling back to support, DOGE is now consolidating and gearing up to retest higher resistance.
She added, “A bullish continuation could send it toward the 0.2600 target zone.”
For now, Dogecoin holds steady around $0.23, with the short-term direction set to unfold in the coming days.
Source: https://zycrypto.com/dogecoin-whale-tsunami-2-billion-doge-bought-0-3-break-could-ignite-explosive-move/