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Explosive Dogecoin On-Chain Signals Point To Breakout Potential

  • Large Dogecoin investors have been increasing their positions over the last four weeks, indicating potential for a breakout.
  • Whales holding between 100 million and 1 billion DOGE have accumulated about 1.4 billion DOGE, worth over $300 million, despite the token's price rally.
  • Network activity has surged, with daily active addresses reaching peaks of over 680,000 and transaction volume in US dollars spiking as well.
  • DOGE is facing a key resistance at the $0.24-$0.26 level, with potential for a new bull run if it can break above $0.2600 or a drop back toward the mid-$0.1700 area.

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