Dogecoin (DOGE) is showing signs of a possible breakout as it forms a descending triangle pattern with stable support at $0.215.
Market analyst CW predicts a rally towards $0.306, indicating a potential 38% gain if DOGE breaks above $0.228.
Whale wallets have accumulated over 1 billion DOGE, holding a total of 25.97 billion tokens, signaling confidence in the cryptocurrency's future.
Dogecoin's bullish momentum is supported by technical indicators like the RSI and steady volume, with key resistance levels at $0.228, $0.265, and $0.3.