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Dogecoin whales buy 525M DOGE aiming to break major 200-day resistance in 2026

Technical Signals
22 May 2026
UToday
View Source
Bullish
pluang ai news

In a recent surge, Dogecoin whales accumulated over 525 million DOGE within 96 hours, targeting a breakout above the key 200-day moving average resistance around $0.117. This technical move suggests a potential shift from a bearish to bullish trend for Dogecoin in 2026, as local lows rise and support strengthens. However, this optimistic buying contrasts with stagnant activity in U.S. Dogecoin ETFs, and the coin still faces fundamental challenges, including the need for real economic integration such as Elon Musk's X Payments. If whales succeed in breaking this resistance, it could reshape Dogecoin's market outlook in the coming months; failure to do so may keep it trapped in current price cycles.

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