Dogecoin (DOGE) whales have recently made a significant purchase of 1.4 billion DOGE tokens, worth around $140 million. This suggests increased institutional or deep-pocketed investor interest in the meme-inspired cryptocurrency, potentially boosting its liquidity. Additionally, chart expert Peter Brandt has identified a technical pattern indicating a potential breakout for Dogecoin, as the crypto has been trading in a descending channel for the past six months. A break in this pattern could signal a long-term trend change from bearish to bullish. As the broader cryptocurrency market recovers, Dogecoin has seen an 18.5% growth over the past week.



Other News from Today