Dogecoin ($DOGE): Signs of an Explosion as Whale Activity Hits Record High

Dogecoin, one of the most famous cryptocurrencies in the market, is becoming the center of attention as it witnesses a strong increase in whale activities. With over 60.9 billion DOGE, equivalent to 3.47 billion USD, traded in just the past 24 hours, this currency is receiving significant interest from institutional investors and high net worth traders. Will $DOGE have enough strength to return to its all-time high of 0.7376 USD? The main signs driving DOGE growth

1. Whale activity surges According to data from IntoTheBlock (ITB), Dogecoin has recorded 9,400 large transactions in the past 24 hours. These transactions all have a value of over $100,000, indicating strong participation from organizations and individuals with high asset values. In history, similar sudden increases often appear before major price cycles of Dogecoin. This increases expectations that the market is preparing for a strong boom.
2. The struggle at the resistance level of $0.40 Currently, Dogecoin is trading around 0.3973 USD, down slightly by 2.04% in the past 24 hours. However, the large trading volume indicates strong potential for recovery. Traders are closely monitoring the resistance level of 0.40 USD, which is considered a significant milestone. Once surpassed, Dogecoin may establish momentum to move towards higher targets, specifically 0.50 USD and 0.60 USD.
3. Daily trading volume surpasses Dogecoin has recorded a total trading volume of up to 3.47 billion USD in the past 24 hours. While many other cryptocurrencies are experiencing a decrease in trading volume, DOGE has shown resilience. This is a positive signal, indicating that the recent price drop may just be a temporary pause before the currency resumes its growth. The important price level of DOGE to be monitored Resistance: The $0.40 price level plays a crucial role. If the price surpasses this level, Dogecoin will have the opportunity to move towards $0.50 and even $0.60. This will be an important step for the coin to approach its all-time high level. Support: The $0.37–$0.38 price level serves as a strong support zone. If the price drops below this level, a short-term correction may occur. However, whale buying activity indicates a low likelihood of significant price decline, as strong demand will limit the extent of the decrease. Future prediction: Can Dogecoin reach its peak? With positive indicators, especially the increased activity of whales, Dogecoin is showing signs of a new price increase cycle. However, the market still carries inherent risks, and investors need to closely monitor key resistance and support levels. If Dogecoin surpasses the $0.40 mark, it will not only reinforce investors' confidence but also create momentum for higher prices in the short term. Although there is still a long way to go to return to the all-time high of $0.7376, current signals indicate a significant recovery potential for DOGE in this bull cycle. Conclusion Dogecoin is at a crossroads with positive signals from the market. The strong participation of whales and large trading volume are the factors driving confidence in the future of this currency. If it surpasses the resistance level of $0.40, Dogecoin may embark on a strong price increase journey, reviving hope for the global investment community. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)