Dogecoin price is showing signs of a bullish turnaround despite a 30% pullback. DOGE price today hovers around $0.2062, reflecting a 1% drop in the past 24 hours and marking the fifth consecutive red candle this week.
Despite bearish pressure, its on-chain indicators and technical price chart, firmly signals that this potential ongoing retracement could be just a setup for a powerful reversal.
Whale Accumulation Signals Confidence in DOGE Price Forecast
While DOGE continues trading near the key support of $0.21 to $0.20, large holders are seizing the dip. This was highlighted by Ali Martinez on July 31, that whale wallets has nearly added 130 million DOGE, which is significantly hinting at bullish expectations.
Moreover, the balanced funding…
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