Dogecoin Whales Load Up Ahead of Potential Rebound

Dogecoin (DOGE) has been trading inside an ascending price channel, with analysts pointing to $0.093 as the next resistance level.

The derivatives market saw a significant increase in activity, with trading volume rising 65% to $1.17 billion and open interest reaching $1.26 billion.

Whales have accumulated over 240 million DOGE during the recent price dip, according to Ali Charts.

A TD Sequential buy signal has appeared on the four-hour chart at $0.0839, which has produced rebounds of up to 11.25% in previous signals.