🐋🚀 Dogecoin Whales Accumulate 90M $DOGE – Bullish Signal or False Alarm? 📈🔥

📊 Whale Accumulation Spikes
Over the last 48 hours, Dogecoin whales have scooped up over 90 million DOGE, signaling growing confidence among large investors. At press time, DOGE traded at $0.3155 after a slight 0.19% dip. The key question remains: Will this spark a breakout or lead to further stagnation?

📈 Price Action at a Crossroads
DOGE is trading within a bullish pennant pattern, with $0.366 as a key resistance level. A breakout could propel DOGE toward $0.50, but failure to breach this level may extend the consolidation phase, frustrating bullish traders.

📊 Network Activity on the Rise
Address activity shows promise: new addresses surged by 102.4%, while active addresses climbed by 111.32%. Zero-balance addresses also rose by 155.44%, indicating fresh interest in the ecosystem. However, on-chain transaction counts remain low, signaling caution.

⚠️ Mixed Technical Indicators
RSI hovers at 40.76, edging toward oversold territory, while DMI reflects bearish dominance with -DI at 31.91 over +DI at 15.28. These indicators suggest indecision, with a clear catalyst needed to reverse sentiment.

💥 Liquidation Hints at Momentum Shift
Short liquidations totaled $257,420, outpacing longs at $133,630, hinting that bears may be losing control. However, sustained buying pressure is needed to solidify bullish momentum.