Dogecoin has captured attention recently as its price consolidates between support at 0.16 and resistance at 0.20. Interestingly, Dogecoin whales have accumulated a staggering 100 million DOGE within just a week. This accumulation suggests potential bullish sentiment among large holders. If the resistance level is broken, it could pave the way for further gains. Traders are keeping a watchful eye on these developments. This consolidating phase could lead to exciting trends. Monitoring these levels can help traders strategize effectively in this dynamic market.