Large Dogecoin holders have accumulated a staggering 2.07 billion $DOGE in the past week, marking the highest level of accumulation since January 2023.
Dogecoin's well-known pattern of breakout from a multi-year descending triangle, followed by a surge, retracement, and bull run has investors hopeful for another explosive move.
Many believe that Dogecoin's recent 65% pullback positions it for a potential rally, as historical logarithmic breakouts have led to massive gains.
Despite recent market volatility, Dogecoin remains strong and resilient. Large holders accumulating indicates institutional and whale investors betting on an upside in the near future.