Is Doge coin Ready for a Rise? Whale Movements Indicate an UPTREND

Large investors are whale addresses that hold more than 0.1% of a cryptocurrency's circulating supply. Their net flows track the difference between the amount of coins they bought and sold over a certain period.
When the net inflow of large investors increases for an asset, the amount of coins/tokens entering these large investors' wallets is greater than those exiting. This trend indicates that these investors are accumulating DOGE despite stagnant price performance, signaling confidence in its future value.
Additionally, while the price of DOGE remains largely unresponsive to improvements in overall market sentiment, futures traders continue to maintain their faith. This is reflected in the sustained demand for long positions. According to Coinglass, the coin's funding rate is currently at 0.0026%.
The funding rate is a periodic payment made among traders in perpetual futures contracts to keep the contract price in line with the spot price. When the funding rate is positive, there is higher demand for long positions. This means that more traders are betting that the price of DOGE will rise.
Whale Accumulation Indicates a $0.175 Increase
If this Whale accumulation trend continues and positive sentiment increases, DOGE could make a breakout towards the $0.175 level. This movement would indicate a significant reversal from the recent price stagnation phase.
A breakout above this important price barrier could open the door for a rally towards the $0.206 level. However, if buying pressure decreases, the altcoin's price could drop to $0.148 to retest the support level.