Dogecoin (DOGE) Triggers Buy Signal Amid Whale Accumulation

The price of Dogecoin (DOGE) has been hovering around $0.083, and despite its recent decline from an all-time high of $0.1007 on August 22, the token is showing signs of a potential uptrend.

A buy signal was triggered by the Tom DeMark Sequential, indicating that the corrective phase for DOGE has come to an end. Additionally, a morning doji star pattern formed on the daily chart, which is often seen as a bullish reversal sign when selling momentum fades and buyers begin stepping in.

The large holders of DOGE have accumulated over 400 million tokens in the past five days, suggesting whale-level conviction at current prices. This accumulation is not just retail buying the dip but indicates that investors are betting on a price increase.