Dogecoin shows bullish signs with increased whale wallets and active addresses, suggesting recovery potential despite recent market dip.

Dogecoin (DOGE) is once again at a pivotal moment, with traders eyeing key price levels for signs of a potential breakout.

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According to on-chain data, whale addresses—often called "Dogecoin millionaires"—have accumulated more tokens, showing their confidence in a rebound for the dog-themed meme coin.

According to on-chain analyst Ali Martinez, Dogecoin miners have offloaded 65 million tokens in the last 48 hours.

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