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Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong

Author: Content Editor
Dogecoin has seen renewed whale activity, with large-scale accumulation suggesting the possibility of further upside in the coming weeks. The next few weeks will be critical for the meme coin as it attempts to reach the $1 target. The recent rally has reignited interest in Dogecoin and solidified its dominance in the meme coin market. However, the coin's performance is closely tied to Bitcoin's trajectory, and a failure for Bitcoin to break above the $100,000 level could drag DOGE down. Dogecoin is forming a technical pattern that, if broken, could lead to new highs, but it faces a crucial test at the $0.44 resistance level. Holding the $0.42 support level is important for maintaining bullish sentiment, and a break above $0.44 could attract renewed buying interest. However, failure to breach the resistance level could lead to prolonged consolidation or even a correction.

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