Whales Accumulate 90 Million DOGE in 48 Hours

• Whales accumulate 90 million DOGE in 48 hours.
• Dogecoin finds support at $0,30 and resistance at $0,35.
• TD Sequential indicator suggests possible bullishness for DOGE.

Dogecoin, currently trading at around $0,31, has generated expectations among investors due to the behavior of large holders, known as “whales”. Amid a consolidating market, the movement of these whales indicates a possible optimism for the future of the cryptocurrency.

Whales bought over 90 million the #Dogeco $ DOGE in the past 48 hours! pic.twitter.com/lGsMtz0iPp

— Ali (@ali_charts) December 27, 2024

According to recent data shared by analyst Ali Martinez, over 90 million DOGE have been accumulated by whales in the past two days. This significant volume reinforces the confidence of large investors, who see the current price action as a strategic opportunity. Historically, periods of high whale activity precede significant price movements, which suggests a possible bullish resumption for Dogecoin.

Despite the increase in accumulation, the technical scenario for the coin remains balanced. Dogecoin is facing resistance at the $0,35 mark, a level that needs to be overcome to validate a possible rally. On the other hand, the cryptocurrency maintains robust support at $0,30, signaling strong demand. This range creates a point of attention, with investors closely monitoring the evolution of market movements.

Another technical indicator mentioned by Martinez is the TD Sequential pattern, which identifies potential trend reversal points. On the 4-hour chart, Dogecoin has completed the first phase of the indicator, consisting of nine green candles, indicating a possible bullish reversal moment.

Whale behavior also reflects long-term confidence. Data from Santiment shows a steady increase in the amount of Dogecoin held in wallets holding between 10 million and 100 million tokens. In just 48 hours, the volume accumulated by these wallets totaled 90 million DOGE, approximately $28,7 million, solidifying the interest of large players.

At the time of publication, the price of DOGE was quoted at US$0,3222 with an increase of 2.8% in the last 24 hours.

In the bigger picture, Dogecoin remains at a critical point, where both overcoming resistance and losing support could dictate the next steps. Meanwhile, the increase in whale activity reinforces the potential for upside, should these investors’ confidence translate into market momentum.