• The whales have accumulated an estimated $46,994,460 worth of Dogecoin.
• Dogecoin has been down 0.02% in the last 24 hours.

Investors and enthusiasts of Dogecoin have been very dissatisfied with the currency’s price movement. Although bulls are hoping for some relief from the 281-day standstill and downturn, bulls are looking for some respite, considering the recent underperformance versus its rivals, such as Shiba Inu.

On February 4, the price of Dogecoin was able to withstand another capitulation move. Up to February 7, DOGE has had a 27% rebound from its February 4 swing low. DOGE is no stranger to huge swings and whipsaws. Since January 2022, the stock has undergone four prior whipsaws that resulted in movements of 25% to higher than 50% ups and downs.

There has been an inverted head-and-shoulders pattern in the works due to these multiple whipsaws. If this pattern is activated, Dogecoin’s price might reach an Ideal Bullish Ichimoku Breakout on its daily chart while recovering to the critical $0.25 price level, generating the required momentum.

Read More: Dogecoin Price Prediction

Top-held Asset by Largest Whales

According to WhaleStats, the biggest 1,000 Binance Smart Chain (BSC) whales have again included the iconic meme coin DOGE on their list of top-held assets. Yet despite its importance to the DOGE army, the currency is ranked relatively low. The whales have accumulated an estimated $46,994,460 worth of Dogecoin. 1.97 percent of the top BSC whales’ cryptocurrency holdings may be found here.

According to CoinMarketCap, the Dogecoin price today is $0.144727 USD with a 24-hour trading volume of $563,255,929 USD. Dogecoin has been down 0.02% in the last 24 hours, with a live market cap of $19,201,088,760 USD.