Dogecoin: Can THIS bullish pattern help DOGE hit $0.42? – BitRss

• On-chain metrics revealed that DOGE ($0.33) has witnessed a significant 360% jump in its large transaction volume.
• Exchanges witnessed a significant outflow of $20.65 million worth of DOGE.

After experiencing a notable price decline in the past few days, Dogecoin [DOGE] appears poised for recovery.

This bullish reversal signal has gained significant attention from crypto enthusiasts, leading to a surge in participation over the past 24 hours.

40% jump in large transaction volume

Data from the on-chain analytics firm IntoTheBlock revealed that DOGE has witnessed a significant 40% jump in its large transaction volume over the past 24 hours.

This substantial increase suggests that the participation of crypto whales or institutions primarily drives the surge.