Dogecoin has broken above its 20-day, 50-day, and 100-day exponential moving averages, signaling a strong technical shift. This move, supported by renewed ETF inflows and sustained institutional interest, saw Dogecoin trading at $0.1093 on May 1, marking a 2.68% daily gain. Whale wallets have reached record accumulation levels, holding over 108 billion tokens, while large transaction counts surged, reinforcing confidence in the recent breakout.
The 200-day EMA at $0.1260 now stands as the next major resistance level. A sustained close above this threshold could extend the price toward the February swing high near $0.1550. On-chain data shows a sharp rise in large wallet activity, with 149 wallets controlling a combined 108.52 billion DOGE. Derivatives data indicates strategic positioning, with rising open interest and declining volume, while short liquidations have accelerated upward momentum across the market.
Dogecoin Surges Past Key Averages as Whale Holdings Hit Record High
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