Amidst a strong wave of selling pressure in the crypto market, sparked by Bitcoin testing the $60k support level, Dogecoin demonstrated notable resilience. While many major altcoins experienced a downturn, Dogecoin recorded a 0.4% intraday gain.
This price movement was characterized by a neutral candle formation, indicating that Dogecoin's price is maintaining a sideways trend for the time being. However, there is an undercurrent of potential as whale accumulation hints at an imminent breakout.
As whale investors continue to accumulate Dogecoin, market analysts speculate whether this whale activity could drive its price past $0.15 by the end of October. Observing these signals in conjunction might provide insights into future price movements for Dogecoin.
