• Dogecoin (DOGE) trades at $0.3374 with a 0.43% increase in 24 hours.
  • Whale purchases exceed 1.08 billion DOGE in the last day.

Dogecoin (DOGE) currently trades at $0.3374, reflecting a 0.43% increase over the past 24 hours. Its market cap stands at $49.76 billion, up 0.45%, while the 24-hour trading volume surged by 4.08% to $2.48 billion. The volume-to-market cap ratio is 5.02%, and the circulating supply matches the total supply at 147.46 billion DOGE.

In the past 24 hours, whales have purchased over 1.08 billion DOGE. This activity indicates growing interest from large investors. Dogecoin’s fully diluted valuation (FDV) mirrors its market cap at $49.76 billion due to the absence of a maximum supply limit.

What’s Next for DOGE?

Technically, DOGE faces immediate resistance at $0.41225. Breaking this level could lead to a rally toward $0.50. Support lies at $0.32190, and breaching this could trigger a drop to $0.30. Currently, DOGE is trading between the 9-day and 21-day moving averages at $0.33895 and $0.32190, respectively.

Are Whales Setting the Stage for a New Dogecoin Rally? image 0

The relative strength index (RSI) is at 48.21, indicating neutral momentum. The RSI average, at 40.31, supports this outlook. If the RSI moves above 50, it may signal a bullish trend. Meanwhile, the moving average (MA) crossover , with the 9-day MA above the 21-day MA, suggests potential upward momentum. However, sustained gains depend on volume and broader market conditions.

Dogecoin’s current technical setup shows mixed signals. Breaking key resistance levels could spark a significant upward trend. Conversely, breaching support levels might lead to further declines. Traders should monitor whale activity and market trends to anticipate future price movements.

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