Dogecoin Retests Triangle as Whales Add 2 Billion DOGE Into Support

• Dogecoin price has been preparing for a parabolic rally to its all-time high in the past year.
• On-chain data shows DOGE whales have been aggressively accumulating in the past few days.
• The Dogecoin ecosystem will significantly benefit from the imminent approval of spot DOGE ETFs.

Dogecoin (DOGE) is trading near a crucial support after sliding 17% in the past week to about $0.2315. With a market cap of $35.3 billion, the largest memecoin now sits at a level that will shape its next major move. 

DOGE Price at a Make-or-Break Level

In the daily timeframe, Dogecoin price has been consolidating in a rising wedge pattern since early April this year. The recent retrace from $0.30, during the past three weeks, has seen DOGE price retest the lower border of its rising wedge pattern.

As the DOGE/USD pair approaches the apex of its rising wedge pa…

Read The Full Article Dogecoin Retests Triangle as Whales Add 2 Billion DOGE Into Support On Coin Edition.