Dogecoin is flashing strong bullish signals as large investors significantly increase their holdings. This surge aligns with favorable macroeconomic developments and renewed interest in the crypto market.
Market Momentum Builds
Since July, Dogecoin's open interest has surged over 21%, indicating bullish sentiment among futures traders. Additionally, a multi-year 'cup and handle' pattern suggests a potential rally to $0.75, provided the price breaks the $0.186 resistance level.
Whale Accumulation Soars
Data from IntoTheBlock reveals a 111.97% increase in whale inflows over the past week, typically indicating that institutional or smart money is preparing for a significant price shift.
Macroeconomic Winds Turn Favorable
Recent economic conditions are also supporting Dogecoin. The U.S. government's extension of the 'Liberation Day' tariff pause has eased market anxiety. Many banks are now anticipating interest rate cuts of 0.25% to 1% soon.
Bullish signals for Dogecoin are on the rise. Increased investor activity and favorable macroeconomic conditions point to potential growth, but monitoring support and resistance levels remains essential.
