Dogecoin Whales Scoop Up 240M Coins Amid Renewed Buying Interest

Whales have been accumulating Dogecoin (DOGE) over the past week, scooping up more than 240 million coins during a recent price correction. The accumulation has strengthened the DOGE setup, with traders now watching $0.093 as the next major resistance level.

DOGE is currently trading near $0.0848 after defending the key $0.080 to $0.082 support zone. The price has bounced twice from the lower trendline of an ascending channel, keeping the current recovery setup under close observation.

A break above nearby resistance could strengthen bullish momentum, with previous signals producing rebounds of 6.96%, 2.71%, and 11.25%. Whale activity adds another important factor to the current picture, suggesting that some large holders expect further recovery.