DOGE Buy Signal Triggers Amid Whale Accumulation
Dogecoin (DOGE) has triggered a buy signal, according to technical indicators. The DOGE price is currently hovering around $0.083. This development comes after the token retraced over 17% from its August 22 high of $0.1007. At press time, DOGE is trading at $0.08318 with a value rise of over 3%, and its volume has settled at $594.58 million.
The Tom DeMark Sequential has flashed a buy signal, indicating the end of a corrective phase for DOGE. A morning doji star has also formed on the daily chart, a bullish reversal pattern that appears near the end of a downtrend as selling momentum fades and buyers begin stepping in.
A large number of holders have accumulated over 400 million DOGE over the past five days, showing whale-level conviction at current prices. This is not retail buying the dip; it's significant accumulation by major players.