Dogecoin (DOGE) has witnessed a large-scale accumulation, with $54 million worth of DOGE moving off exchanges over the past 48 hours. This activity suggests a strong holder confidence ahead of major market events.
Currently, 81.44% of Binance traders hold long positions on DOGE, while only 18.56% are on the short side, emphasizing the prevailing bullish market sentiment.
DOGE is testing the crucial $0.30 support level, which in the past has been a precursor to a 25% price increase.