DOGE Whales Amass $153M Amid Price Consolidation

Despite a decline of 4.28% over the past day, Dogecoin's price has stabilized near $0.085, as large holders continue to accumulate the asset.

A recent analysis by Crypto With Gopal reveals that DOGE is consolidating within a falling wedge pattern, with buyers defending support levels and downward momentum losing strength.

The formation suggests that selling pressure may be weakening, setting the stage for a potential breakout if momentum continues to build in the broader crypto market.

According to on-chain data from Dogegod, large Dogecoin holders, or 'whales,' have acquired an additional 1.7 billion DOGE amid the latest market dip, valued at $153 million.