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Dogecoin is currently negotiated in a tight range, consolidating above the support level of $ 0.16 and struggle to exceed the resistance zone from 0.19 to $ 0.20. This consolidation phase occurs while the wider market of cryptography shows signs of strength and renewed momentum. The bulls look carefully, hoping for a break that could mark the start of a recovery gathering.
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Recent data on the Santiment chain add fuel to the Haussier story. During last week, the Dogecoin whales accumulated around 100 million Doge, a decision which reports an increase in confidence among major holders. Historically, such a purchase activity of major players has often preceded upward price movements, especially when it coincides with a broader recovery in the market.
While bitcoin and other high capitalization cryptocurrencies continue to Key level testThe DOGE consolidation model and the accumulation of whales will be key indicators for its next movement. The next few days could prove to be essential for the short -term trajectory of the same.
Whale activity signals possible signals as resistance to test resistance
Dogecoin is currently negotiating around $ 0.17 to $ 0.18, oscillating near the critical resistance while the wider cryptography market shows renewed impetus of momentum. Bulls are trying to recover higher levels, especially the $ 0.20 area, which has always acted as a strong barrier in recent weeks. A successful break above this level could trigger a recovery rally, but until then, the action of the prices remains uncertain.
Analysts are divided on what then comes for Doge. Some argue that not to rule out above $ 0.20 – coupled with the increase in lower peaks – could point out a larger downward trend continuation, potentially pushing the same to the $ 0.15 area. On the other hand, with Bitcoin holding hard above $ 90,000 and the main altcoins starting to bounce back, others believe that Dogecoin could follow suit.
Adding to optimism, the best analyst Ali Martinez shared a graphic on X revealing that the whales accumulated 100 million Doge in last week. This increase in the activity of whales generally precedes prices rallies and supports the case of potential break. While the accumulation continues and the feeling of the market improves, Doge could prepare for a strong movement.
For the moment, all eyes are on the resistance of $ 0.20. A clear break above could validate the upward perspectives, while rejection could prolong the current consolidation.
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Doge Price Action depends on the breaking price range
Dogecoin (DOGE) is currently negotiated at $ 0.176, continuing to consolidate in a tight fork while the bulls try to take momentum. Despite the detention above the support of $ 0.16, DOGE struggled to make a higher level, and the price of the prices remains capped by local resistance. To confirm an escape and move to a recovery rally, DOGE must recover the level of $ 0.22 – a key resistance zone which aligns the exponential mobile average of 200 days (EMA).
The recovery of this level would signal force and could trigger an upward movement around $ 0.25 and beyond, especially if the overall conditions of the market remain favorable. However, the lack of monitoring and volume at current levels increases concerns. If the bulls do not defend $ 0.16, the risk of decline increases considerably. Ventilation below this support could open the door to a deeper correction, which has potentially led DOGE in the region from $ 0.13 to $ 0.10, where historical demand has previously occurred.
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For the moment, DOGE remains linked to the beach with the indiscision dominating the short -term perspectives. The next major decision will depend on the question of whether the bulls can generate sufficient request to exceed EMA of 200 days or if the sellers regain control of the $ 0.16 threshold.
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