Dogecoin is showing early bullish signals after whale accumulation, rising short-term holder supply and a 4-hour triangle breakout; a decisive break above $0.224 would target $0.24 and then the $0.25 range high in the short term.
Whale accumulation and rising STH supply suggest demand is building
Triangle breakout on the 4-hour chart points to near-term upside if $0.224 is cleared
On‑chain and technical indicators (OBV, Bollinger Bands) confirm short-term buying pressure
Dogecoin price outlook: bullish signs after whale buys and a 4-hour breakout — monitor $0.224 as key resistance. Read now for targets and strategy.
What is Dogecoin’s current price outlook?
Dogecoin price outlook is cautiously bullish: rising whale accumulation, increased short-term holder supply, and a 4-hour triangle breakout point to potential upside. Key resistances are $0.224 and the $0.25 range high; traders should watch volume-confirmation and OBV for follow-through.
Why does whale accumulation matter for DOGE?
Large withdrawals and wallet activity show institutions or high-net-worth addresses taking position. On 07 September, a dormant wallet withdrew 10.366 million DOGE (~$2.25 million) from Binance, suggesting renewed demand (Source: Onchain Lens on X). Sustained whale buying can reduce exchange liquidity and support stronger rallies.
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Examining the evidence for a bullish Dogecoin
Dogecoin [DOGE] rose 7.7% in the last 24 hours at the time of reporting, following a period of compressed volatility. Multiple indicators line up in favor of a short-term bullish case without claiming inevitability.
Source: Onchain Lens on X
A whale withdrew 10.366 million DOGE worth $2.25 million on 07 September from Binance. This wallet had been dormant for two years. Such accumulation can lower exchange sell pressure and set the stage for a technical breakout if buying continues.
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Trader Tardigrade identified a triangle breakout on the 4-hour chart. A break and close above $0.224 would validate the breakout and increase the probability of a move toward $0.24 and the $0.25 range high. Traders should confirm with volume and OBV to avoid false breakouts.
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