Dogecoin Poised for a Major Rebound as Key Buy Signal Emerges

• Dogecoin large investors have scooped up 1.7 billion DOGE in just 72 hours, signaling confidence in a potential price surge.
• DOGE transactions over $100K jumped 41% in 24 hours, indicating growing institutional interest.
• Despite bullish signals, Bitcoin’s crash and macroeconomic concerns add uncertainty to DOGE’s short-term outlook.

Dogecoin (DOGE) could be gearing up for a significant rebound despite the broader cryptocurrency market downturn, according to renowned analyst Ali Martinez. The crypto strategist pointed out a key technical setup indicating a potential bounce for the world’s largest memecoin.

Martinez, known for his accurate chart analysis and price forecasts, highlighted on X (formerly Twitter) that Dogecoin is approaching a crucial support level at the lower boundary of its ascending channel. This pattern, often seen as a bullish continuation indicator, suggests that if DOGE maintains support above $0.16, a strong upward move could be imminent.

“Holding above $0.16 could fuel a strong rebound,” Martinez stated, reinforcing optimism among DOGE investors.

Beyond technical indicators, whale activity has surged, further strengthening the case for a potential recovery. According to Ali Martinz, large investors have accumulated approximately 1.7 billion DOGE tokens valued at $290 million over the past 72 hours. This influx of whale purchases typically signals confidence in a price surge.

Blockchain analytics firm IntoTheBlock corroborated this trend, noting a staggering 41% increase in DOGE transactions exceeding $100,000 within the last 24 hours. Such spikes in high-value transactions often indicate institutional interest or strategic accumulation ahead of a price move.

Dogecoin Drops as Bitcoin Crashes

Despite these bullish signals, Dogecoin has faced intense selling pressure amid a broader market correction. The crypto market took a hit on Sunday evening following a sharp sell-off in Bitcoin and other major assets, triggered by renewed recession fears.

Adding to the uncertainty, President Donald Trump recently signed an executive order establishing a Bitcoin Strategic Reserve while hosting the first-ever Crypto Summit at the White House. These developments have sparked speculation over regulatory shifts that could impact the entire digital asset space.

While whale accumulation and technical patterns suggest a rebound, caution remains. TradingView’s Moving Average Convergence Divergence (MACD) indicator has flashed a “Sell” signal for Dogecoin, hinting at potential short-term bearishness before a reversal.

As of writing, Dogecoin is trading at $0.1737, down 9.01% in the last 24 hours and over 24% in the past week. The memecoin has lost nearly 45% year-to-date but remains a favorite among speculative traders eyeing a breakout.

With market sentiment on edge, investors will closely watch whether Dogecoin can hold above the critical $0.16 level and whether the latest wave of whale accumulation will propel it to new highs.

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