DOGE whale accumulates 1 billion DOGE during critical support formation
TechFlow news, May 18 — According to CoinDesk, based on CoinDesk Research's technical analysis data model, DOGE has established significant support at $0.212, with high-volume rebounds confirming buyer interest. Over the past month, whale wallets have accumulated over 1 billion DOGE, bringing their total holdings to 25.97 billion DOGE, indicating large investors are preparing for a potential price surge.
Technical analysis shows that DOGE formed a trading range between $0.211 and $0.220 over the past 24 hours, with high-volume rebounds occurring around 13:00 and 22:00, validating the $0.212 support zone. In the last hour, DOGE demonstrated clear bullish momentum, rising from $0.215 to $0.216, accompanied by multiple spikes in trading volume.
Analysts note that despite ongoing macroeconomic headwinds, DOGE remains above key moving averages and has formed a potential bull flag pattern. If confirmed by sustained buying pressure, this could push the target price toward $0.35. Currently, retail futures trading activity is at neutral levels, suggesting room for market growth before overheating.
