Recent developments surrounding Dogecoin (DOGE) show that the popular meme coin is still attracting attention despite the overall downturn in the cryptocurrency market. Large-scale investors, or "whales," have been accumulating DOGE, with one whale recently moving 175.27 million DOGE, worth $54.68 million, from Binance to an unknown wallet. This transaction is part of a larger trend of accumulation, with approximately $72 million worth of DOGE being withdrawn from exchanges in the past 48 hours. Furthermore, whales holding between 10 million and 100 million DOGE have acquired an additional $140 million worth of DOGE in just one week. Trading volume has surged by 180% and the Long/Short ratio indicates bullish sentiment. DOGE is currently trading near its critical support level of $0.30, and market analysts suggest that the accumulation phase by whales and long-term holders could lead to a 30% rally, pushing the price of DOGE to $0.42 in the near term. The sustained increase in whale activity, reduced supply on exchanges, and increased trading volume all point towards a positive outlook for Dogecoin.



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