Dogecoin Surges Past Resistance Amid Declining Whale Activity
- Dogecoin (DOGE) broke through resistance at $0.1505, marking its first clearance since late November.
- On December 3, newly launched U.S. spot Dogecoin ETFs attracted $177,250 in net inflows, totaling $2.85 million since launch.
- Trading volume surged to approximately 874.7 million tokens during the rally, tripling the daily average.
- Key support for DOGE is now at $0.1470, with immediate upside targets set at $0.1530 and further resistance between $0.1580-$0.1600.
- Whale activity has decreased to multi-month lows, contrasting with increasing retail-driven momentum.
The recent surge in Dogecoin is supported by growing ETF participation and strong trading volume, indicating early adoption among traditional investors as regulated products gain traction.
With DOGE’s price holding above the key support level of $0.1470 and a recent volume spike, the coin appears poised for potential further gains as it seeks to establish a bullish trend.(Source)
