MEME, the largest coin on the market, has started to make some very interesting moves recently.
đIn the past 24 hours, a key indicator of whale activity, "Net flow of large households": increased rapidly from a negative value of -2.23 million DOGE to 20.66 million DOGE. This means that whales net accumulated a large amount of Dogecoin in one day.
đJudging from the price trend, the actions of the major players in Dogecoin also reveal some signals.
Over the past few days, the price of DOGE has been swinging around a dynamic resistance level that happens to be the upper boundary of the falling wedge pattern of the past nine months. Many traders and Dogecoin enthusiasts are keeping a close eye on the direction of this bullish pattern.
Although the final breakthrough has not happened yet, whales seem to be stocking up in large quantities, believing that the breakthrough is only a matter of time.
If the price finally breaks out, we could see a big move for Dogecoin.
