Interest of whales in Dogecoin may provoke a DOGE rally!

Last week, the popular meme coin Dogecoin DOGEUSD attracted the attention of major investors, although its price remains stable and moves in a narrow range.

Let's analyze what is happening in the Dogecoin DOGEUSD market and what to expect from the cryptocurrency's price.
Whales accumulate Dogecoin
According to IntoTheBlock, over the past seven days, the net capital inflow from large holders of DOGE has increased by 112%. This means that more coins are entering the wallets of whales than are leaving. Even despite the stagnation of the meme coin's price, this cohort of investors continues to believe in its long-term potential.
Moreover, traders in the futures market are also maintaining optimism. This is evident from the sustained demand for long positions. According to Coinglass, the funding rate of the coin at the time of publication is 0.0026%. A positive rate indicates high demand for long positions, meaning more traders expect the price of DOGE to rise.
If large holders continue to accumulate DOGE and positive sentiment strengthens, the price may rise to $0.175. This would mark a significant jump after the recent consolidation.
Breaking this barrier will open the way for the meme coin to $0.206. However, if buying activity weakens, the price risks testing support again at the level of $0.148.