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Dogecoin surges 14% with record whale activity but nears resistance at $0.11, risking short-term pullback.

Technical Signals
01 May 2026
Crypto news
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Bullish
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Dogecoin has gained 14% in the past 10 days, driven by a record number of large whale transactions exceeding $100K, with whale wallets now holding a record 108.52 billion DOGE tokens. The token's price approached a key resistance level near $0.11, supported by strong buying momentum indicated by an RSI above 70 and positive MACD signals. However, the overbought RSI and repeated price rejections at resistance suggest a potential short-term pullback despite ongoing bullish momentum. Traders should watch for possible reversal signs as the market balances between strong demand and resistance pressure.

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