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Analysis: DOGE has established significant support at $0.212, with whales accumulating over 1 billion coins in the past month.
BlockBeats news, on May 18, according to CoinDesk, based on CoinDesk Research's Technical Analysis data model, DOGE has established important support at $0.212, and the high volume Rebound confirms buyer interest. Over the past month, Whale accounts have accumulated more than 1 billion DOGE, bringing their total holdings to 25.97 billion DOGE, indicating that large investors are preparing for a potential rise. Technical analysis shows that DOGE has formed a fluctuation range of $0.211-$0.220 in the past 24 hours and validated the support area at $0.212. Analysts point out that despite ongoing macroeconomic headwinds, DOGE remains above the key MA and has formed a potential bull flag pattern, which, if validated by sustained buying pressure, could push the target price towards $0.35. Currently, retail investor futures trading activity is at a neutral level, indicating that there is still room for growth before the market overheats.