📈 The Dogecoin price has gained by 3.5% in the past 24 hours, rising to $0.1515 as the crypto market as a whole climbs by 2.5% today. DOGE is now up by 14% in a week, although the market’s biggest meme coin has actually lost 20% in a month. 📉

🐋 Its move today follows indications that whales have been accumulating the meme coin recently, with one transfer alone seeing a big trader take $19 million in DOGE off Robinhood. This could result in further gains in the coming days, with the market set up for what looks like a busy weekend. 📈

📊 DOGE’s chart suggests an ongoing upswing, potentially lasting several more days before running out of steam. Notably, its 30-day average (orange) has just crossed over its 200-day average (blue), forming a golden cross that can indicate a breakout. This occurs while DOGE’s relative strength index (purple) hovers between 50 and 70, rebounding from under 30 just a day or so ago. 💪

🐾 Transfer and ownership data suggest that whales are re-accumulating DOGE, with addresses holding between 100 million and 1 billion DOGE now owning 21% of the circulating supply, up slightly from the previous week. Whales are leveraging depressed prices to accumulate, positioning themselves for profits as Dogecoin rises. 🐋

🚀 Dogecoin has long-term potential, especially if X introduces digital payments on its platform using DOGE. Speculation suggests DOGE could reach $0.5 by year-end. Meanwhile, new meme coins like Dogeverse (DOGEVERSE) have emerged with strong potential, offering compatibility across multiple blockchain networks and unique features like a deflationary supply and staking incentives. 🌟