🔥Dogecoin($DOGE ) Supertrend Turns Bullish on 3-Month Chart as Whales Accumulate Over 1 Billion DOGE.
💥Recent whale accumulation of Dogecoin coincides with promising technical signals for the cryptocurrency. According to market analyst Crypto Surf, the Supertrend indicator on Dogecoin’s 3-month chart has now turned green, signaling a shift in momentum.
💥For those unfamiliar, the Supertrend indicator is a tool used to identify trends by incorporating price and volatility, with the line derived from the crypto asset’s Average True Range (ATR). When prices are above the Supertrend line, it indicates an uptrend, while prices below the line suggest a downtrend.
💥Since January 2022, the Supertrend had been bearish, even during Dogecoin’s impressive rallies of 87% in March 2024 and 161% in November 2024. However, at the beginning of January 2025, the indicator flipped bullish, signaling a potential start of a new upward phase for Dogecoin.
💥The last time this indicator turned green on the 3-month chart was in April 2017. Following that signal, Dogecoin saw a meteoric rise of 5,587%, reaching $0.01877 in January 2018, and later experienced another significant surge of 3,837% to $0.7390 in May 2021.