DOGE Price Surges 6% as Breakout to $0.35 Looms - Technical Analysis & Whale Activity

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Bullish

DOGE Price Surges 6% as Breakout to $0.35 Looms - Technical Analysis & Whale Activity

Dogecoin (DOGE) experienced a significant 6% price surge, climbing from $0.25 to $0.27 with trading volume exceeding 1.1 billion tokens. The rally was fueled by substantial whale accumulation of 30 million DOGE tokens and growing speculation about potential retirement fund inclusion following SEC approval trends. Technical analysis reveals an ascending triangle pattern forming, with support levels shifting higher to the $0.27 zone as institutional buyers entered the market. Price action showed DOGE trading in a 7% range between $0.25 and $0.27, with the most intense trading activity occurring during the 14:00-15:00 window where 1.15 billion tokens changed hands. Market analysts are now watching key resistance at $0.30, with sustained closes above $0.27 needed to confirm momentum toward the $0.30-$0.35 target zone. The 42-day cyclical signal aligns with current breakout attempts, while exchange outflows of $25 million indicate tightening supply conditions.
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