Dogecoin whales accumulate 600 million DOGE as price defends $0.08

Dogecoin is aiming to stabilize near $0.08 after a muted trading session, as the digital asset faces mixed signals from whale accumulation and persistent selling in the spot market. DOGE was trading at $0.07845, down 2.45% over the last 24 hours. The conflicting trends have left the market in a state of uncertainty while bulls try to hold the key support levels. DOGE has succeeded in breaking above a long-standing descending trendline that had suppressed the price since its 2024 peak. Nevertheless, this technical breakout has yielded limited follow-through, with the token still held within a broad accumulation range between $0.07 and $0.10. Efforts to move definitively past this upper threshold have yet to materialize.

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