DOGE News: Elon Musk’s ‘The Dogefather’ Post Sparks DOGE Price Rally

Market sentiments orbiting Dogecoin (DOGE) price appear to have taken a paradigm shift on Thursday, turning bullish against the backdrop of on-chain data and Elon Musk’s comments. Crypto market analyst Ali Martinez revealed that Dogecoin whale accumulations soared remarkably in recent days as over 1.40 billion tokens were sacked. Simultaneously, the dog-themed crypto’s price also topped the crucial resistance level of $0.111 lately, solidifying a bullish stance amid Musk’s ‘Dogefather’ comments.

DOGE News: Elon Musk Posts “Dogefather,” Whale Accumulations Soar

American billionaire Elon Musk today took to X, posting a picture of the dog behind Dogecoin, saying ‘Dogefather.’ This development, in light of the rising Dogecoin whale accumulations and the token’s price upswing past its resistance, has garnered additional investor curiosity surrounding the digital asset.

According to whale data streamlined by Ali Martinez on X, dated September 26, DOGE whales have made news, sacking over 1.40 billion Dogecoin tokens in the past 48 hours. These massive accumulations boast a total market value of approximately $140 million. Notably, the surge in whale accumulation underscores a bullish sentiment for the coin prevailing within the market.

Dogecoin price has sprinted past the crucial resistance of $0.111. Roughly 62K addresses hold over 36 billion DOGE on this resistance level. Concerning this, should the dog-themed meme coin hold a break above the mentioned resistance, doge confirms a bullish breakout ahead.

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