Dogecoin rallies 25% with whale accumulation, reaching multi-year high levels.
Key resistance breached; traders anticipate potential 50% upward rally.
Dogecoin (DOGE), the leading cryptocurrency in the memecoin sector, has made impressive gains over the past 24 hours, surging by 25% amidst strong market momentum. With Bitcoin climbing above $81,000, investors and analysts are dubbing November “Moonvember” as the market greed index reaches a high of 79. Dogecoin’s trading volume has also seen an exceptional 188% rise, indicating renewed interest from retail investors and major holders, or “whales,” who have been accumulating DOGE rapidly.
According to data from Santiment, whale wallets holding between 100 million and 1 billion DOGE have collectively boosted their holdings, rising from 2.68 million to over 30.56 million DOGE within a short span. This accumulation pattern has often signaled market bottoms in the past, suggesting that Dogecoin could be poised for fur
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