• Whale accumulation and breakout signals suggest Dogecoin may reach $0.5 as momentum builds.
• Network activity and rising derivatives interest underline sustained confidence in Dogecoin’s growth potential.

Whale activity surrounding Dogecoin [DOGE] has surged significantly, with over 1.08 billion DOGE accumulating in the past 24 hours, signaling growing confidence among large holders. 

Historically, such whale involvement has triggered substantial price movements, and the current activity suggests optimism for a potential breakout. 

At press time, Dogecoin was trading at $0.3382, reflecting a 1.62% increase in the last day. The renewed interest aligns with broader market recovery, adding fuel to the possibility of sustained momentum.

DOGE price bounces back with strong support

Dogecoin’s price has recovered impressively after testing the demand zone near $0.31, indicating a potential trend reversal. The falling wedge breakout observed in recent charts supports this bullish sentiment as the price approaches the critical resistance at $0.41.

Additionally, the steady formation of higher lows underscores the growing confidence in DOGE’s upward trajectory. If this trend continues, a move toward the psychologic…