Dogecoin Eyes Bullish Continuation on April 16 as Whales Add 800M DOGE in 48 Hours

• Whale wallets added 800M DOGE, pushing total holdings to 72.18B in 48 hours.
• DOGE holds strong support at $0.1580; resistance remains near the $0.1660 zone.
• RSI and MACD indicators hint at a potential bullish reversal forming this week.

Dogecoin (DOGE) shows renewed strength after a recent correction, fueled by a sharp price rebound and large buys from whale wallets. 

The cryptocurrency, which recently dipped after peaking near $0.169, has seen a significant uptick in investor interest. 

Why Are Dogecoin Whales Accumulating DOGE Now?

A key factor in this resurgence is from the whale wallets amassing over 800 million DOGE in the past 48 hours. 

Ali Martinez reported that large holder’ wallets with over 1 billion DOGE have collectively boosted their holdings to 72.18 billion DOGE. This aggressive buying aligns with the recent DOGE price rebound. Because whale activity often precedes larger price moves, this accumulation is viewed as a bullish signal by many traders.

Significantly, the surge in whale accumulation has helped DOGE recover from its earlier downturn. Price dropped until April 7 but reversed course shortly after, climbing to…

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