Will Dogecoin Price Exceed $0.15 by the End of October?
#Dogecoin has the potential to rise to $0.15 by the end of October thanks to whale accumulation and the ongoing symmetrical triangle pattern.
The symmetrical triangle is driving Dogecoin’s medium-term sideways trend. $DOGE is 8% away from the $0.1 support. Whale wallets holding between 1 million and 10 million DOGE have accumulated a total of 10.63 billion #doge⚡ .
The crypto market has experienced sudden selling pressure with the recent decline in Bitcoin. However, Dogecoin has shown resistance and made a daily gain of 0.4%.
The neutral candlestick pattern suggests that DOGE continues its sideways movement. An impending breakout of the whale accumulation and symmetrical triangle pattern signals a possible rise to $0.15.
In mid-September, Dogecoin experienced a significant pullback from $0.132 to $0.1, resulting in a 19% loss. DOGE’s market cap has fallen to $15.75 billion. The daily chart shows that this pullback has formed a bear cycle within the symmetrical triangle.
If Dogecoin can break the uptrend line in mid-October, buyers have the potential to reach $0.15 by the end of the month. According to Santiment data, the increase in the number of wallets holding 1 million and 10 million DOGE indicates high confidence among large holders in Dogecoin’s future.
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