Can Dogecoin Price Bounce From High Confluence Zone as Whales Buy 280M DOGE?

Dogecoin (DOGE) remains under bearish pressure after dropping by 16% in the last seven days. However, this steep decline has pushed Dogecoin price into a high confluence zone where there is strong support that could aid a bounce. Meanwhile, whales are accumulating this dip after scooping 280M DOGE in just 24 hours.