Dogecoin (DOGE) has seen massive whale activity, with large investors purchasing an additional 160 million DOGE in the past 24 hours.Recent analysis of Dogecoin price chart points to the potential formation of a double-bottom pattern, indicating bullish market sentiment.Despite slight market corrections, DOGE price is holding strong above the neckline, hovering at $0.4074.If the positive trend continues, Dogecoin could breach the $0.50 resistance level and potentially reach $1 in the coming months.