🚀Dogecoin DOGE paves the way for a significant rise as technical indicators begin to break👇
🚨Dogecoin shows signs of renewed strength as technical indicators coincide with whale activity, suggesting a continuation of the upward movement. Here’s an overview of the current situation¹:
🌟Technical Analysis
✅- *Bollinger Bands*: The weekly Bollinger Bands have started to widen after a long period of tightness, reflecting the likelihood of entering a phase of high volatility.
✅- *Simple Moving Average*: The price has broken above the 20-week simple moving average at $0.20489 and is now approaching the upper range at around $0.31888, which is a signal of increasing bullish momentum.
✅- *DOGE Candle*: The green weekly candle indicates a clear exit from the bearish phase.
🌟Whale Activity
✅- *Whale Accumulation*: Whales holding between 100 million to 1 billion DOGE have resumed accumulation in mid-July, indicating greater confidence in long-term moves.
✅- *Wallet Impact*: These wallets are likely to influence the potential push of DOGE towards the $0.27-$0.30 area, where resistance is expected.
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