Dogecoin (DOGE) Price Analysis: Bullish Pattern Returns Amid Decline in Whale Transactions

Dogecoin (DOGE) is showing signs of a potential trend reversal as its price action reclaims a key bullish formation. This technical recovery coincides with a significant drop in large-scale investor, or "whale," activity, which has fallen to its lowest level in two months. On-chain data indicates a notable decrease in high-volume DOGE transactions, often interpreted as a period of accumulation or consolidation before a major price move. While reduced whale activity can sometimes signal a lack of momentum, analysts view the re-establishment of the bullish structure as a positive indicator for DOGE's near-term trajectory. The current market dynamics suggest a phase of stabilization, where decreased selling pressure from major holders could pave the way for a sustained upward movement if broader crypto market conditions remain favorable.