Is Dogecoin (DOGE) coming to rally? The king has become stronger!

#Dogecoin ($DOGE ), the largest memecoin by market value, gave a bullish signal accompanied by whale accumulation.

DOGE, which has been giving signs of recovery due to the positive money flow in the last two weeks, has made a remarkable rise amid signs of accumulation. The popular memecoin has increased by 15 percent since September 6.

AMBCrypto, which published DOGE analysis, said: “Dogecoin started this week with a short-lived bullish momentum. However, upward movement may be a sign of a potential bull in the coming days.”

#Dogecoin ($DOGE ), which is seen as the king of memecoins, has recently fallen to bottom levels as part of the downward trend in the market. The buying appetite from the said bottom region has accelerated the #DOGE price.

Analysis platform AMBCrypto reported that the DOGE price has the potential to rise. The analysis said: “It has not shown significant selling pressure recently. Simply put, Dogecoin bulls are gaining momentum on the charts.”

The Money Flow indicator (MFI) on the $DOGE chart indicated that there was a lot of accumulation. The MFI data, which was below 20 on August 5, has risen to 65 in recent days.

On-chain data showed that Dogecoin (DOGE) whales have been accumulating in the past week. According to data platform IntoTheBlock’s large holder inflow metric, whales have purchased 500 million DOGE in the last two days alone.

Commenting on the data in question, AMBCrypto said: “This increase showed that large holders added a significant amount to their balances and confirmed a healthy accumulation level. In addition, large holder outflows decreased from 442.12 million DOGE to 78.17 million in the same period.”

The analysis, which suggests that the data points to a rally in the coming days, stated that the increased confidence should not be destroyed by FUD-like events.