Dogecoin whales have started accumulating the cryptocurrency again, with recent purchases totaling over 470 million tokens valued at approximately $155 million. This whale activity indicates renewed interest in Dogecoin and could impact market sentiment and trends. The accumulation trend by whales has been increasing significantly since early January, with over 1 billion Dogecoins purchased in the past week. The purchases were made between the price range of $0.314 and $0.355, presenting a buying opportunity for investors. Additionally, Dogecoin is forming a new Descending Wedge pattern, suggesting a potential price breakout and a bullish trend. If the breakout occurs, the analyst predicts a potential 120% increase, pushing Dogecoin to a target price of $0.739.



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