Dogecoin Breaks Trendline, Whale Buying Points to Possible Shift in Momentum

Dogecoin has broken above its descending trendline, hinting at a possible shift in short-term momentum. The price is currently trading near $0.07 support after breaking through resistance at $0.0710. According to on-chain data, whales have added 680 million DOGE worth about $48 million to their positions.

Analyst KrissPax flagged the trendline break, but buyers have not yet cleared the resistance level. The whale buying activity is linked to expectations of a Fed rate cut by analyst dogegod.

The price has held fairly steady over the past day, and traders are waiting for a clearer signal before making a bigger move. A close above $0.0710 could support further gains, while a drop below $0.07 would remove the recent support level and open the door to renewed selling pressure.