Dogecoin is currently trading in a tight range, consolidating above the $0.16 support level and struggling to break above the $0.19–$0.20 resistance zone. This consolidation phase comes as the broader crypto market shows signs of strength and renewed momentum. Bulls are watching closely, hoping for a breakout that could mark the beginning of a recovery rally. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? Recent on-chain data from Santiment adds fuel to the bullish narrative. Over the past week, Dogecoin whales have accumulated approximately 100 million DOGE, a move that signals rising confidence among large holders. Historically, such buying activity from major players has often preceded upward price movements, especially when it coincides with broader market recovery. As Bitcoin and other large-cap cryptocurrencies continue to test key levels, DOGE’s consolidation pattern and whale accumulation will be key indicators for its next move. The coming days could prove pivotal for the memecoin’s short-term trajectory. Whale Activity Signals Possible Breakout As Dogecoin Tests Resistance Dogecoin is currently trading around $0.17–$0.18, hovering near critical resistance while the broader crypto market shows signs of renewed momentum. Bulls are attempting to reclaim higher levels, especially the $0.20 zone, which has consistently acted as a strong barrier over the past few weeks. A successful break above this level could trigger a recovery rally, but until then, price action remains uncertain. Analysts are split on what comes next for DOGE. Some argue that failure to break out above $0.20—coupled with increasing lower highs—could signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the other hand, with Bitcoin holding strong above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit. Adding to the optimism, top analyst Ali Martinez shared a chart on X revealing that whales have accumulated 100 million DOGE over the past week. This surge in whale activity typically precedes price rallies and supports the case for a potential breakout. As accumulation continues and market sentiment improves, DOGE could be preparing for a strong move. For now, all eyes are on the $0.20 resistance. A clean break above it could validate the bullish outlook, while rejection might extend the current consolidation. Related Reading: Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target? DOGE Price Action Hinges On Breaking Price Range Dogecoin (DOGE) is currently trading at $0.176, continuing to consolidate in a tight range as bulls attempt to gain momentum. Despite holding above the $0.16 support, DOGE has struggled to make a higher high, and price action remains capped by local resistance. To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level — a key resistance zone that aligns with the 200-day exponential moving average (EMA). Reclaiming this level would signal strength and could trigger an upward move toward $0.25 and beyond, especially if overall market conditions remain favorable. However, the lack of follow-through and volume at current levels raises concern. If bulls fail to defend $0.16, the downside risk grows significantly. A breakdown below this support could open the door to a deeper correction, potentially driving DOGE down into the $0.13–$0.10 region, where historical demand has previously stepped in. Related Reading: Chainlink Flashes Daily Buy Signal – Breakout Next? For now, DOGE remains range-bound with indecision dominating the short-term outlook. The next major move will depend on whether bulls can generate enough demand to break above the 200-day EMA or whether sellers regain control below the $0.16 threshold. Featured image from Dall-E, chart from TradingView
Dogecoin is showing signs of strength after weeks of volatility and market uncertainty. The meme-inspired cryptocurrency has held firm above crucial support levels and is now pushing toward a potential recovery rally. After reclaiming the $0.15 mark, bulls are looking to build momentum, with the $0.17 level emerging as the next major resistance to break. A successful move above this threshold could confirm a broader trend reversal and reignite bullish sentiment across the meme coin sector. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? Supporting this outlook, recent on-chain data from Santiment shows that Dogecoin whales have been highly active—accumulating over 800 million DOGE in the last 48 hours. This surge in whale buying activity adds weight to the bullish thesis, suggesting that larger players are positioning for a move higher. The renewed accumulation, paired with improving technical conditions, has sparked optimism among traders and investors who believe Dogecoin could be gearing up for its next leg upward. Still, caution remains, as global macroeconomic tensions continue to create unpredictable conditions across the financial markets. For Dogecoin to confirm a recovery rally, bulls must hold current levels and push through near-term resistance in the coming sessions. Dogecoin Faces Crucial Resistance As Whale Accumulation Builds Dogecoin is now at a pivotal point, trading just below key resistance levels after a strong rebound from recent lows. As broader market conditions improve and global tensions—especially around trade and tariffs—begin to cool, analysts are turning their attention to assets like DOGE that have lagged in performance but now show signs of potential upside. The meme coin has managed to reclaim the $0.15 mark, but to validate a broader recovery rally, bulls must push beyond the $0.17–$0.18 zone in the days ahead. Momentum indicators are beginning to flip bullish, and some market watchers suggest that Dogecoin could be preparing for a breakout. However, sentiment remains mixed, with others pointing to the possibility of a continuation of the downtrend, particularly if resistance holds or macroeconomic conditions deteriorate. Despite this uncertainty, on-chain data paints a more optimistic picture. Top analyst Ali Martinez shared insights on X, revealing that Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours. This level of accumulation by large holders suggests renewed confidence in the asset’s short-term potential. Historically, such whale activity has often preceded strong price moves in DOGE. For bulls to take control, Dogecoin must break above near-term resistance and sustain momentum amid a still-volatile environment. A failure to do so could see the asset slip back into consolidation or even retest previous lows. The coming week will be critical for determining whether DOGE’s next move is a breakout or another pullback. Related Reading: Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? DOGE Price Holds $0.16 As Bulls Aim for Breakout Dogecoin is trading at $0.16 after failing to reclaim the 4-hour 200 Moving Average (MA) near $0.168, a level that has acted as strong short-term resistance. Despite recent bullish momentum across the crypto market, DOGE bulls are struggling to regain control. The $0.15 level now serves as critical support. If Dogecoin holds this area, there’s a strong chance it could push higher in the coming sessions. A successful break above $0.17 would be significant, potentially opening the door to a rally toward $0.20, a level not seen since early April. However, price rejection and continued weakness around $0.168 suggest that sellers are still active, and bulls need to reclaim this moving average to build momentum. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? If DOGE loses the $0.15 mark, downside risk increases sharply. A drop to $0.13—or even lower—is likely as bearish pressure could intensify in a volatile market. Investors will be watching closely for a clear move in either direction, as Dogecoin sits at a key inflection point. Volume and on-chain data, including recent whale accumulation, suggest potential, but confirmation must come through price action above immediate resistance. Featured image from Dall-E, chart from TradingView
Dogecoin has been under heavy selling pressure in recent weeks, with global tensions and macroeconomic instability dragging down risk assets across the board. The broader market correction, fueled by fears of a global recession and escalating trade disputes, hit meme coins especially hard—Dogecoin among them. After setting fresh local lows, DOGE now appears to be mounting a recovery attempt. Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year In a potential shift of sentiment, Dogecoin is beginning to move to the upside, testing key resistance levels that could determine the next phase of its trend. The return of bullish momentum comes as fresh on-chain data from Santiment reveals a noteworthy development: whales have bought over 80 million DOGE in the last 24 hours. This aggressive accumulation by large holders has sparked renewed optimism, signaling growing confidence among major players despite the broader market’s uncertainty. With volatility still elevated and DOGE sitting at a technical inflection point, the coming days will be critical. Whether this whale activity marks the start of a broader uptrend or just a temporary bounce remains to be seen—but for now, the data points to a shift in momentum that investors will be watching closely. Dogecoin Struggles To Recover As Global Tensions Weigh On Markets Dogecoin has been one of the hardest-hit cryptocurrencies during the recent market downturn, shedding over 70% of its value since its December highs. Once viewed as a symbol of retail enthusiasm and viral momentum, DOGE is now leading the meme coin segment into a deeper drawdown. Investors who had high hopes for a continuation of last year’s uptrend are now facing a reality check, as macroeconomic instability and geopolitical risk continue to pressure high-volatility assets. US President Donald Trump’s recent escalation of tariff measures—coupled with retaliatory actions from China—has heightened fears of a prolonged trade war, adding uncertainty to already fragile markets. Equities, commodities, and crypto have all experienced extreme volatility, but meme coins like Dogecoin have suffered the most. Without a strong use case or fundamental backing, sentiment-driven assets like DOGE tend to face the heaviest selling when risk aversion spikes. Despite the broader negativity, there are hints of accumulation that could offer hope for a turnaround. According to data shared by top crypto analyst Ali Martinez, whales bought over 80 million DOGE in the last 24 hours. This buying activity suggests that some large players are viewing the current levels as attractive entry points—even if a full recovery has yet to materialize. For now, Dogecoin remains in a vulnerable position, but rising whale interest could be a signal worth monitoring. Related Reading: Solana Approaches Make-or-Break Level As Technicals And Fundamentals Align – Analyst DOGE Battles Key Resistance After 25% Surge From Local Lows Dogecoin is trading at $0.163 after a strong 25% rebound from the recent low of $0.13, signaling a potential shift in momentum following weeks of persistent selling pressure. The meme coin, which had been one of the worst performers during the recent market downturn, is now testing a critical resistance zone that could determine its next move. Bulls are now eyeing the 4-hour 200 moving average (MA) and exponential moving average (EMA), both positioned around the $0.17 mark. Reclaiming this level is essential to confirm short-term strength and spark a sustainable recovery rally. So far, price action suggests growing interest, but macroeconomic headwinds and market-wide caution continue to limit upside potential. Related Reading: Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend On the flip side, if Dogecoin fails to break through $0.17 and slips below current levels, the risk of a deeper correction remains in play. Such a move could push the price back toward the $0.14–$0.13 support zone, erasing recent gains. As volatility remains elevated across the crypto market, DOGE traders will be closely watching this resistance level for signs of confirmation—or rejection. Featured image from Dall-E, chart from TradingView
Dogecoin and meme coins have taken a hit in recent weeks, with heightened market volatility and macroeconomic uncertainty weighing heavily on risk assets. After a steep correction from recent highs, DOGE is now consolidating in a tight range between $0.16 and $0.18. This zone has become a critical battleground for bulls and bears alike as investors wait for a clear breakout or breakdown. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend? For bulls, reclaiming levels above $0.18 is essential to kickstart a recovery and restore confidence in the asset’s short-term outlook. If DOGE can break above this resistance, momentum could quickly build toward higher price targets. However, continued weakness below $0.16 could signal a deeper correction ahead. Despite the recent struggles, on-chain data paints a more optimistic picture. According to Santiment, whales have accumulated over 120 million DOGE in the past week, suggesting that large holders are positioning for a potential rebound. This increase in whale activity is often seen as a bullish signal, especially during periods of consolidation. Whether Dogecoin can capitalize on this support remains to be seen, but for now, the groundwork for a breakout is being laid. Dogecoin Consolidates Ahead Of Potential Breakout Dogecoin has remained in a tight consolidation range since March 11, trading between $0.16 and $0.18 with no clear breakout in sight. This prolonged period of sideways movement has left investors on edge, as the entire crypto market awaits a decisive catalyst to determine the next major direction. Market conditions remain highly uncertain, driven by global macroeconomic instability, aggressive monetary policies, and ongoing trade tensions. As a result, traders are preparing for increased volatility. Meme coins like Dogecoin are typically among the most volatile assets during both bull and bear phases. In bear markets, they tend to be hit the hardest due to their speculative nature and lack of strong fundamentals compared to large-cap projects. With analysts split on whether this is a correction within a larger bull cycle or the beginning of a full-fledged bear market, Dogecoin’s next move could be pivotal. Despite the fear in the market, on-chain metrics suggest that large holders may be positioning for a move higher. According to data shared by top analyst Ali Martinez on X, whales have bought over 120 million DOGE in the past week alone. This accumulation by major players could signal growing confidence in a potential rebound, especially if Dogecoin can break above the $0.18 resistance zone. For now, the market continues to watch closely. A breakout from this range could lead to a rapid move, either up or down, with whale activity hinting that bulls may be preparing to take control. Whether Dogecoin rallies or retreats will depend on the broader market’s next move—but all eyes are on the meme coin leader. Related Reading: XRP Active Addresses Hit Highest Level Since April 2023 – Will Price Follow? Price Holds Key Support But Faces Crucial Resistance Ahead Dogecoin is currently trading at $0.16 after several days of consolidation between the $0.15 support and the $0.17 resistance level. This narrow range reflects the uncertainty dominating the broader crypto market, with meme coins like DOGE experiencing low volatility and cautious trading activity. Despite holding above $0.15—a critical support zone—bulls have been unable to generate enough momentum to push prices toward the $0.20 level. Reclaiming $0.20 is essential, as it would likely signal the start of a recovery phase and potentially trigger bullish sentiment across the Dogecoin community. That level could serve as a launchpad for a new rally, especially if broader market conditions stabilize and BTC leads a move upward. However, if DOGE fails to hold the $0.15 support, the risk of a deeper correction increases significantly. A breakdown below this level could send the price into lower demand zones, potentially testing the $0.13 or even $0.12 levels in a more bearish scenario. Related Reading: Ethereum Trades At A Critical Level – Major Reclaim Or Steep Drop Ahead? For now, the price remains range-bound, but pressure is building. Bulls must act soon to reclaim higher ground, or bears may seize control and drive DOGE into deeper losses. The coming days will be critical for determining short-term momentum. Featured image from Dall-E, chart from TradingView
On-chain data shows the Dogecoin shark and whale wallets have been increasing in number recently, a sign that could be bullish for DOGE’s price. Dogecoin Sharks & Whales Have Been Expanding Despite Price Decline According to data from the on-chain analytics firm Santiment, Dogecoin has recently seen a rise in a couple of important indicators. The first metric of relevance here is the “Supply Distribution” of the DOGE wallets carrying more than 1 million tokens. Related Reading: Bitcoin Miner Selling Still Elevated, On-Chain Data Shows The Supply Distribution tells us, among other things, the number of addresses that belong to a particular coin range. The indicator for the 1 to 10 coins group, for instance, measures the amount of holders who own at least 1 and at most 10 DOGE in their balance. The 1 million+ DOGE cohort, which is the range of focus here, includes two key investor groups: sharks and whales. At the current exchange rate, the cutoff for the range converts to around $166,600. This is clearly quite a significant amount, which is why the entities belonging to the sharks and whales are considered important on the network. Now, here is the chart that shows the trend in the Dogecoin Supply Distribution for the 1 million+ coins range over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution of the sharks and whales observed a plunge when the bearish action in the memecoin’s price first started in January. Since the start of February, however, the indicator has reversed its direction and has been following an upward trajectory. Interestingly, this wallet increase has come despite the fact that the asset’s decline has only furthered during the period. The trend would imply that, although the big-money investors panic sold when the drawdown first began, they have since shifted their attention to accumulating the dip instead. In total, the shark and whale wallets have gone up by 62 (around 1.24%) since the beginning of February and are now not far from the peak witnessed back in January. The increase in the large wallets isn’t the only positive sign Dogecoin has seen; there has also been bullish development in another indicator attached in the chart. The metric in question is the Active Addresses, which keeps track of the total number of DOGE addresses taking part in some kind of transaction activity on the blockchain every day. Related Reading: Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To From the graph, it’s visible that the Dogecoin Active Addresses has jumped to a 4-month high recently, suggesting a large amount of users have been making transfers on the network. While the increase in the shark and whale wallets has been occurring for a while now, the signal in the Active Addresses is a more recent one. It would appear that the current low prices may have finally caught the attention of the masses, who are now coming active to make their moves. DOGE Price At the time of writing, Dogecoin is trading around $0.166, up around 4% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin has faced increased volatility and selling pressure as February kicks off with uncertainty across global markets. The meme coin struggles to break above the $0.25 mark, reflecting broader concerns amid US trade war fears and macroeconomic instability. Investors remain cautious, with many waiting for clear signals before jumping back into the market. However, key on-chain data suggests that big players are taking advantage of current price levels. Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip Top analyst Ali Martinez shared insights revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This trend signals growing confidence and rising demand for Dogecoin despite the ongoing price struggles. Historically, whale accumulation has often preceded strong price movements as large investors position themselves ahead of potential rallies. The coming days will be crucial for DOGE, as it must reclaim key resistance levels to regain bullish momentum. While short-term sentiment remains mixed, growing demand among whales could be a sign that smart money is preparing for the next move. If Dogecoin can hold support and push above $0.25, it may be setting up for a breakout in the weeks ahead. Investors are watching closely to see whether whale accumulation will drive the next leg up for DOGE. Dogecoin Struggles Below Key Levels Dogecoin is facing challenges as it struggles below key supply levels between $0.29 and $0.25, with the price showing signs of exhaustion. The broader crypto market remains uncertain, with Bitcoin holding relatively strong while altcoins and meme coins continue to bleed. Dogecoin’s price action reflects this instability, as bulls fail to reclaim crucial levels and bears push prices lower. Related Reading: Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? Analysts and investors are growing increasingly concerned about the state of the market. Meme coins, which have historically performed well in bull cycles, are underperforming this time around, raising questions about their strength in the coming months. However, one key metric suggests that Dogecoin could be setting up for a strong move. Martinez shared on-chain data on X revealing that whales have accumulated another 100 million DOGE in the last 24 hours. This consistent trend of accumulation signals growing confidence and rising demand for Dogecoin, even as the price remains weak. Historically, similar accumulation periods have preceded major rallies, indicating that big players may be positioning themselves for a breakout. If DOGE can reclaim the $0.25-$0.29 range and turn it into support, the next move higher could be significant. However, failure to hold key levels could lead to further declines. The coming weeks will be crucial in determining whether Dogecoin can recover or if it will remain stuck in a downtrend. DOGE Price Analysis: Key Levels To Watch Dogecoin is trading at $0.24 after enduring significant selling pressure, dropping over 39% since the start of February. The price action remains bearish, with no signs of immediate recovery as long as DOGE stays below the $0.26 mark. Bulls have lost control, and every attempt to push higher has been met with strong resistance. Now, the key demand level to hold is around the $0.228 mark, which aligns with the 200-day moving average. This level has historically acted as a crucial support zone, and losing it could trigger further declines toward the $0.20 mark. If DOGE fails to reclaim $0.26 and turn it into support, the downward trend is expected to continue in the coming days. Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level On the other hand, a strong bounce from current levels and a push above $0.26 could signal a reversal, opening the door for a retest of the $0.29 supply zone. However, with market uncertainty still weighing on meme coins and altcoins, Dogecoin needs a surge in demand to regain momentum. The next few trading sessions will be crucial in determining whether DOGE can stabilize or if further downside is on the horizon. Featured image from Dall-E, chart from TradingView
Dogecoin jumps 21% as whales accumulate over 1 billion DOGE, with analysts predicting it could hit $1 in 2025.
An analyst has pointed out how Dogecoin has recently observed patterns in two indicators that could prove to be bullish for its price. Dogecoin Has Seen Positive Signals On TD Sequential & Whale Supply In a new post on X, analyst Ali Martinez has talked about a Tom Demark (TD) Sequential signal that Dogecoin has just witnessed on its 4-hour price chart. The “TD Sequential” refers to a technical analysis indicator that’s used for locating points of probable reversal for any asset’s price. Related Reading: Bitcoin Tokens Have Only Been Getting Older This Bull Run, Analyst Reveals The indicator includes two phases, called the setup and countdown. During the first of these, the setup, candles in the price of the same color are counted up to nine. These candles aren’t necessary to be consecutive. When the nine candles are in, the setup is said to be finished, and the TD Sequential gives a reversal signal for the asset. Naturally, if the candles involved in the setup’s completion were green, the indicator would suggest a top, and if they were red, the signal would be for a bottom. As soon as the setup is over, the countdown phase begins. This phase of the TD Sequential works exactly the same as the setup, except for the fact that it involves thirteen candles, not nine. Once these candles have also been printed, the indicator gives another buy or sell signal for the price. Recently, Dogecoin has finished the first of these TD Sequential phases. Here is the chart shared by the analyst that shows this signal in DOGE’s 4-hour price: As is visible in the above graph, the Dogecoin 4-hour price has completed the TD Sequential setup with nine green candles, which implies the coin may now be set for a turnaround to the upside. This isn’t the only positive signal that DOGE has observed recently, as Martinez has pointed out in another X post that the whales have been busy purchasing during the last couple of days. The on-chain indicator cited by the analyst is the Supply Distribution from the analytics firm Santiment, which tells us about the amount of supply that any particular wallet group is holding right now. Below is the chart for the metric that specifically shows the data for the whale cohort, massive investors carrying between 10 million and 100 million tokens: From the graph, it’s apparent that the Dogecoin supply held by the whales has registered an increase recently. More specifically, the whales have added a net amount of 90 million DOGE (worth around $28.7 million) to their holdings in the last two days. Related Reading: Is Bitcoin Bull Run Over? What This Legendary Metric Says This accumulation would imply that these key investors believe the cryptocurrency to be worth buying at the current price level. DOGE Price At the time of writing, Dogecoin is floating around $0.319, up more than 10% over the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Dogecoin has seen choppy price action over the past few weeks, reflecting the broader market’s indecision. After reaching a new yearly high of $0.484, the price retraced sharply, losing over 25% of its value. This pullback has left Dogecoin struggling to regain strength and find clear direction, creating uncertainty among retail investors. Related Reading: Bitcoin Finds Support At $94.5K As STH Realized Prize Signals Strength Despite the retrace, on-chain data provides a promising signal for Dogecoin’s potential recovery. Metrics from Santiment reveal that Dogecoin whales took advantage of the recent dip, accumulating a staggering 210 million DOGE during the correction. This accumulation suggests that large holders position themselves for higher prices, signaling confidence in Dogecoin’s long-term outlook. The market is watching closely to see if this whale activity can reignite momentum and push Dogecoin back toward its highs. With whales accumulating during the correction, recovery might be on the horizon, but the price still needs to reclaim key resistance levels to confirm a bullish continuation. Investors and analysts are awaiting the next move, which could determine whether Dogecoin remains in a consolidation phase or resumes its upward trend. Finding Fuel To Rally Dogecoin has been a standout performer recently, experiencing a massive surge since November 5. The meme coin gained over 220% during this period, capturing the attention of retail and institutional investors alike. However, after this impressive rally, Dogecoin is now in a consolidation phase, as the market takes a pause before the next significant move. Top analyst Ali Martinez shared insights on X, highlighting on-chain data from Santiment that offers a bullish perspective. According to Martinez, Dogecoin whales took advantage of the recent price correction, accumulating an impressive 210 million DOGE. This activity underscores the growing interest in ‘smart money’, as large holders often accumulate during dips in anticipation of future price increases. Such whale activity is a positive long-term signal for Dogecoin and meme coins, suggesting confidence in its potential for further growth. Related Reading: Solana Will ‘Step Back Into The Spotlight’ Once It Reclaims $222 – Details Despite the bullish signals, Dogecoin must overcome current consolidation to maintain its upward trajectory. A breakout above the current pattern would likely trigger another surge, continuing its rally. However, failure to break out could lead to a deeper correction as investors reassess short-term market conditions. The next move will likely set the tone for Dogecoin’s direction in the coming weeks, making it a critical moment for the popular meme coin. Dogecoin Testing Crucial Demand Dogecoin (DOGE) is currently trading at $0.41 after successfully testing support at the $0.36 level, a critical area that has held firm during recent market volatility. Over the past few days, DOGE has been ranging sideways, confined between resistance at $0.48 and support at $0.36. This range-bound activity suggests the market is in a consolidation phase, with both bulls and bears waiting for the next decisive move. If Dogecoin can break above the key resistance level at $0.48, it would signal renewed bullish momentum and likely trigger a push higher. Such a breakout could attract more buyers and set the stage for DOGE to challenge its previous highs. On the other hand, failure to hold the $0.36 support level would likely lead to a deeper correction, with the potential to test lower demand zones as investors lose confidence in the short-term outlook. Related Reading: Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6 As Dogecoin remains within this range, traders and investors closely monitor the price action for signs of a breakout or breakdown. The next few sessions will be pivotal in determining whether DOGE resumes its upward trajectory or faces a more extended correction period. The meme coin sits at a crossroads, poised for its next big move. Featured image from Dall-E, chart from TradingView
Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle’s performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses. Profit-Taking Zones For Dogecoin At Audacious […]
Dogecoin has been navigating a period of choppy price action, with little opportunity for strategic buys and no decisive breakouts to guide traders. Despite this uncertainty, key data from Santiment provides a glimmer of hope for Dogecoin enthusiasts. Over the weekend, Dogecoin whales accumulated an additional 160 million DOGE, signaling potential confidence in the meme coin leader’s upward trajectory. This renewed whale activity comes when Dogecoin attempts to regain momentum and reestablish its market position. Such large-scale accumulation often precedes significant price movements, suggesting the possibility of further upside in the coming weeks. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together As DOGE inches closer to the psychological $1 target, the next few weeks will be critical for the meme coin. A breakout above key resistance levels could reignite retail investors’ enthusiasm and signal the start of a new bullish phase. However, failure to sustain this momentum may lead to continued volatility, testing the patience of even its most loyal supporters. Dogecoin’s path forward remains uncertain, but with whales stepping in and market interest reignited, the stage is set for a potentially transformative period for the popular cryptocurrency. All eyes are on DOGE as it sets its sights on the elusive $1 mark. Dogecoin Sets High Expectations Dogecoin is capturing market attention as it surpasses multi-year resistance levels and embarks on what some are calling an “only up” trajectory. This impressive rally has reignited interest in the meme coin leader, solidifying its dominance in the meme coin market. Analysts and traders closely monitor Dogecoin’s price action, with many expecting further highs. Crypto analyst Ali Martinez shared data from Santiment, revealing that Dogecoin whales accumulated an additional 160 million $DOGE over the weekend. This significant whale activity lends credibility to the bullish narrative surrounding DOGE, suggesting that key market players are positioning themselves for continued upside. Historically, such large-scale purchases often precede substantial price movements, adding to the optimism that Dogecoin could maintain its upward momentum. Despite the bullish sentiment, risks remain. Dogecoin’s performance is closely tied to Bitcoin’s trajectory, which currently faces a crucial test at the $100,000 level. If Bitcoin fails to break above this psychological barrier in the coming days, the broader crypto market could experience a pullback, potentially dragging DOGE down. Related Reading: Dogecoin Ready To Hit $1 – Price Struggles To Break Above Major Resistance For now, Dogecoin continues to lead the meme coin market, setting new benchmarks and captivating investors. As whales double down and market dynamics evolve, the coming weeks will determine whether Dogecoin can maintain its rally or face a temporary correction. DOGE Testing Liquidity Dogecoin is positioning itself for a potential bullish continuation as it forms a technical pattern that, once broken, could propel the price to new highs. This pattern reflects growing optimism among traders, aligning with the broader upward momentum in the crypto market. However, DOGE faces a crucial test at the $0.44 resistance level, which has acted as a strong barrier in recent sessions. A decisive break above this level could set the stage for another significant rally. Currently, DOGE is testing demand around the $0.42 mark, a critical support level that has helped sustain its recent price action. Holding this level is essential for maintaining bullish sentiment. If DOGE breaks above $0.44, it could attract renewed buying interest, driving the price into uncharted territory. Related Reading: Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook Conversely, failure to breach the $0.44 resistance could lead to prolonged consolidation. In such a scenario, DOGE may continue to trade within a tight range as the market awaits further catalysts. If demand weakens, the meme coin could even experience a correction, retesting lower support levels. Featured image from Dall-E, chart from TradingView
On-chain data shows the Dogecoin whales have continued to buy recently despite the pullback that the memecoin’s price has suffered. Dogecoin Whales Have Just Added 140 Million DOGE To Their Wallets As pointed out by analyst Ali Martinez in a new post on X, the Dogecoin whales have continued their buying push during the last 24 hours. The indicator of interest here is the “Supply Distribution” from the on-chain analytics firm Santiment, which keeps track of the total amount of DOGE that a given wallet group is holding right now. Addresses are divided into these cohorts based on the number of coins that they are carrying in their balance. The 1 to 10 coins group, for instance, contains all investors who own between 1 and 10 DOGE. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest In the context of the current topic, the 10 million to 100 million coins group is of focus. At the current exchange rate, the lower end of this range converts to about $3.7 million, while the upper one to $37 million. These are clearly significant amounts, so the only investors who would qualify for this cohort would be the big-money ones. The group certainly doesn’t include all holders of this kind as the upper limit is ‘just’ $37 million, but it does the contain smaller of the whales, who are still an important part of the DOGE ecosystem. Now, here is the chart shared by the analyst that shows the trend in the Supply Distribution specifically for this Dogecoin group over the past few weeks: From the above graph, it’s visible that the Dogecoin supply held by these whales has been riding an uptrend recently, with a particularly sharp increase coming during the past few days, coinciding with DOGE’s massive rally. Considering this timing, it’s likely that these investors have been helping support the run. In the last 24 hours, the memecoin has seen a reversal in direction, with its price suffering a pullback of around 7% as the cryptocurrency market as a whole has registered a red day. Interestingly, despite the decline, the Supply Distribution for the 10 million to 100 million coins group has continued to head up. In total, these humongous investors have added a net 140 million DOGE to their holdings, worth almost $52 million at the moment. This accumulation naturally suggests that the whales don’t think that the rally is over just yet. Related Reading: Dogecoin & Co. Take Over Social Media: Why Memecoin Frenzy Is Bad For Bitcoin It only remains to be seen, though, whether the positive sentiment from these large investors can induce a fresh surge in Dogecoin, or if their bet would fail this time around. DOGE Price Even though Dogecoin has seen a notable drawdown since its top, the meme coin’s investors would still make significant profits as the asset’s weekly returns sit at a positive 88%. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Following the renewed upward price strength of Dogecoin, the largest meme coin, there has been a significant uptick in adoption over the past few weeks, as evidenced by a recent notable rise in small DOGE wallets. As DOGE continues to attract more gains, the growth could help bolster its price and trigger future gains. Wallets […]
Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, how many addresses belong to a particular Dogecoin wallet group. Addresses are divided into these cohorts based on the number of tokens they carry in their current balance. For instance, the 1 to 10 coins group includes all wallets holding between 1 and 10 DOGE. The Supply Distribution for this specific cohort would tell us about the total number of network addresses that satisfy this condition. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up In the context of the current discussion, two address ranges are of interest: 0 to 100,000 coins and 100,000+ coins. The former comprises the small investor groups of the sector, like retail, while the latter includes the large entities like sharks and whales. Generally, the influence of any address on the network increases the more they carry, so the sharks and whales, with their large holdings, can be considered key cohorts of the memecoin. Naturally, the whales are the more important of the two, as they have more massive bags. Now, here is the chart shared by the analytics firm that shows the recent trend in the Dogecoin Supply Distribution over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution has been going up for the 0 to 100,000 coins group for a while now, suggesting more investors of this size have been popping up on the blockchain. More particularly, 74,885 new addresses have appeared inside this range over the last four weeks. During this same window, the 100,000+ tokens cohort has seen a downtrend in the indicator, which suggests some big-money investors have been clearing out their holdings. That said, while 350 Dogecoin sharks and whales have left the network over the past month, things appear to be turning around for the better on smaller timeframes. Related Reading: Dogecoin To As High As $23? This Pattern Could Hint So Around 108 wallets of this size have cropped up on the network in the last couple of days, which would explain where the fuel for the memecoin’s impressive rally has come from. At present, both retail and large holders are witnessing a rise on the network, but it only remains to be seen whether this momentum lasts. Naturally, the uptrend in the Supply Distribution of the sharks and whales is of more significance, given their placement in the market. DOGE Price At the time of writing, Dogecoin is trading around $0.383, up over 21% over the last 24 hours. Featured image from Dall-E, Santiment.net, chart from TradingView.com
On-chain data shows the Dogecoin whales have made a few large transactions during the last 24 hours. Here’s what they have been up to. Dogecoin Whales Have Been Making Transfers To & From Exchanges According to data from the cryptocurrency transactions tracker service Whale Alert, several large transfers have been spotted on the Dogecoin blockchain […]
On-chain data shows the Dogecoin whales have been shaving off their holdings over the past year, a sign that could be bearish for the memecoin. Dogecoin Whales Have Notably Reduced Their Supply In The Last Year According to data from the market intelligence platform IntoTheBlock, DOGE whales have lost supply share to other holder groups […]
Dogecoin holders are accumulating DOGE tokens amidst the recent price dip from $0.1686 to $0.1423. DOGE recently went on a price surge to cross above the $0.168 price level on May 6 to push 5.21 million addresses into profitability. However, the cryptocurrency reversed and went on a little correction throughout May 7. According to on-chain […]
Crypto analyst Mikybull Crypto has laid out a bullish narrative for the foremost meme coin, Dogecoin (DOGE). Based on his analysis, DOGE is bound to breach its all-time high (ATH) on its way to unprecedented heights in this bull run. Time For Dogecoin To Run To $1 Mikybull Crypto revealed in an X (formerly Twitter) […]
Dogecoin has seen a steady rise in activity in the past two days to reverse the period of stagnancy recorded earlier in the week. At the time of writing, DOGE is up by 7% in the past 24 hours, reversing some of the corrections it has experienced in the past week. Turns out some Dogecoin whales have been going on a massive buying spree, as indicated by on-chain data. Popular crypto analyst Ali Martinez highlighted this accumulation trend by tweeting that DOGE whales have bought over 25 million DOGE worth around $3.75 million in the past three days. Crypto Analyst Reveals Dogecoin Whale Accumulation According to the Santiment chart shared by Ali Martinez on social media, wallets holding between 10 million to 100 million DOGE tokens have now pushed their total balance to 15.63 billion DOGE after adding 25 million DOGE in the past 24 hours. Related Reading: Don’t Panic: The Bitcoin Bull Market Is Far From Over, Quant Says Interestingly, the chart dynamics indicate this is a major change in sentiment from this cohort of traders, as their collective balance has been in a freefall since March 14th. #Dogecoin whales have bought 25 million $DOGE in the past 72 hours, worth around $3.75 million! pic.twitter.com/y1RnRffWhv — Ali (@ali_charts) March 21, 2024 Why Does This Matter? Crypto whales typically move the market. Increased buying or selloff from a few large traders could change the sentiment of other investors, and they could further cascade a price surge or decline. Notably, the chart shared by Martinez shows that the total balance of DOGE’s whale addresses has largely corresponded with the price increase. For example, the drop on March 14 in the total whale balance corresponded with a 33% drop in DOGE’s price from $0.1878 on March 14 to March 20. However, DOGE is now showing signs of recovery and is currently trading at $0.1629. While Dogecoin whales and FOMO buyers may temporarily push DOGE higher, its long term success really depends on whether it can transform from a memecoin into a widely used cryptocurrency. Dogecoin recently scored a point in its bid to achieve mainstream adoption. Coinbase, America’s biggest crypto exchange, revealed plans to introduce Dogecoin along with Litecoin and Bitcoin Cash to its regulated futures contract offerings. Related Reading: Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000 According to an earlier prediction by Ali Martinez, DOGE could reach the $1 mark in April. His prediction was based off of the crypto’s performance after similar breakouts in 2017 and 2021. A large part of this prediction coming to manifestation is a bullish sentiment from whale addresses, especially if they continue on an accumulation pattern. A key price level to watch is $0.20. If DOGE breaks above this resistance level, it could continue surging higher on buying momentum. But if it fails to break $0.20 and starts dropping again, it may indicate the rally is running out of steam. DOGE price trending at $0.156 | Source: DOGEUSDT on Tradingview.com Featured image from CryptoRank, chart from Tradingview.com
On-chain data shows whale-related activity on the Dogecoin blockchain has registered a sharp 600% increase over the past month. Dogecoin Whale Transactions Have Exploded In The Last Month According to data from the market intelligence platform IntoTheBlock, DOGE whales have become quite active recently. The on-chain indicator of interest here is the Transaction Count of […]