Dogecoin

Accumulate

Rally

<p><br><a href="https://captainaltcoin.com/dogecoin-doge-could-resume-price-rally-as-familiar-bullish-trigger-emerges/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s</a> large-scale investors, whales, have made a major move in the cryptocurrency market.&nbsp;</p>
<p><a href="https://x.com/thecryptobasic/status/1875078218727977116" target="_blank" rel="noopener noreferrer nofollow">According to data</a> from Santiment and market analyst Ali Martinez, whales holding between 10 million and 1 billion Dogecoin accumulated approximately 1.08 billion DOGE within 24 hours as of January 2, 2025. This development has increased their collective holdings to 46.36 billion tokens, representing 31% of Dogecoin’s total supply.</p>
<p>This marks the whales’ first large-scale accumulation since their sell-off in December 2024, which followed a resistance at $0.4844. Their renewed buying activity indicates growing optimism.</p>
<h2 class="wp-block-heading" id="strong-wyckoff-logic-suggests-continued-market-cycle-progression-strong"><strong>Wyckoff Logic Suggests Continued Market Cycle Progression</strong></h2>
<p>Trader Tardigrade, a top crypto analyst, shared insights into <a href="https://usethebitcoin.com/videos/dogecoin-hits-critical-support-will-it-bounce-back-or-drop-further/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s price movement</a> through Wyckoff Logic.&nbsp;</p>
<p>In a recent tweet, the analyst emphasized that Dogecoin is currently in the “Mark Up” phase of the Wyckoff market cycle. This phase, characterized by price appreciation, follows the “Jump The Creek” structure—a pattern often preceding substantial price increases.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="908" src="https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-1024x908.jpeg" alt="" class="wp-image-611746" srcset="https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-1024x908.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-300x266.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-768x681.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-1536x1362.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-2048x1816.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-169x150.jpeg 169w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-100x89.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-395x350.jpeg 395w, https://captainaltcoin.com/wp-content/uploads/2025/01/GgMt2-cbgAA58Pd-788x698.jpeg 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong><em>Source: <a href="https://x.com/TATrader_Alan/status/1874414050643464272" target="_blank" rel="noopener noreferrer nofollow">Trader Tardigrade</a></em></strong></p>
<p>According to the analysis, Dogecoin has completed the initial wave of this phase. The price is expected to intensify further, potentially culminating in a “Blow-Off Top” before transitioning into the subsequent Distribution and Mark Down phases.&nbsp;</p>
<p>Tardigrade also highlighted the importance of the breakout and retest near resistance, signaling strength and testing supply levels.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/cardano-ada-price-could-hit-12-expert-predicts-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Cardano (ADA) Price Could Hit $12, Expert Predicts – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-supertrend-turns-bullish-after-nearly-three-years-strong"><strong>Supertrend Turns Bullish After Nearly Three Years</strong></h2>
<p>Another bullish indicator for Dogecoin is the Supertrend on its 3-month chart. As <a href="https://x.com/_CryptoSurf/status/1874787933343109487" target="_blank" rel="noopener noreferrer nofollow">noted</a> by Crypto Surf, this indicator turned green at the start of January 2025, marking its first bullish signal since January 2022.&nbsp;</p>
<p>Historically, similar signals have preceded price surges. For instance, after flipping green in April 2017, Dogecoin witnessed dramatic increases in 2018 and 2021.</p>
<p>At press time, <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener noreferrer nofollow">DOGE trades at $0.3382</a> with a daily trading volume of $2.8 billion. This represents a 1.29% and an 8.61% price increase in the past day and week. This aligns with the overall bullish sentiment driven by whale accumulation and technical indicators.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-whales-accumulate-as-doge-indicators-signal-price-rally/" rel="noopener noreferrer nofollow">Dogecoin Whales Accumulate as DOGE Indicators Signal Price Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Whales Accumulate as DOGE Indicators Signal Price Rally

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