Dogecoin (Doge) could prepare for a furtive gathering, and the panels accumulate quickly. From the silent accumulation of whales to increasing speculation of ETFs, the same original shows technical and chain signals that traders should not ignore.
Kamran Asghar's tweet this week may have said the best: “It's not just a break, it's a signal.”
Dogecoin whales stack over 100 meters Doge while the retail trade sleeps
As Cryptomode reported, the chain data confirm that the Dogecoin whales have taken care of. According to Santiment, more than 100 million Doge, worth more than $ 17 million, have been added to whale wallets in the last two weeks of April.
Portfolios holding more than 10 billion Doge have gone from their assets from 10.42 billion to 10.55 billion, while being further from the larger market.
What is the most revealing? Elon Musk's tweets, the media of Doge Day or the viral memes do not accompany this accumulation. Instead, it was calm and strategic, suggesting positioning in front of potential catalysts.
Despite a diving of 1.4% in the last 24 hours, Dogecoin is still negotiated at $ 0.173, showing resilience after joining over 21% from around April 0.145.
The daily graphic shows a price higher than its 50 -day SMA ($ 0.1691) while consolidating just under the 21 -day EMA ($ 0.1722). RSI is currently around 55 years, indicating the increase in the momentum without excessive pressure.
The bullish divergence in RSI, underlined by Asghar, configurations of mirrors seen before the main races at the end of 2023 and at the beginning of 2024. If Dogecoin recovers the level of $ 0.172, it could open the door to a retain of $ 0.18, then $ 0.20, with the SMA of 200 days to 0.257 $ as the next Macro objective.
Put the recent price wave grows chatter around an ETF Dogecoin Spot. 21Shares recently filed an S-1 form with the SEC for an ETF DOGE physically supported, to be co-marked with House of Doge.
This marks the first serious attempt to bring a coin to American ETF – a development that could considerably extend the scope of Doge in traditional finance.
