- Whales Accumulate 150M DOGE – Large investors bought 150 million DOGE near $0.185 support, signaling strong confidence despite market uncertainty.
- DOGE Faces Key Resistance at $0.21 – If DOGE breaks above $0.21, analysts predict a 20% rally toward $0.25, but failure to do so could lead to another retest of $0.185.
- Exchange Outflows Suggest Long-Term Holding – $43 million in DOGE has left major exchanges, indicating that investors are moving funds into private wallets, a typically bullish sign.
Dogecoin has been turning heads in the crypto market this week, with a massive price surge that seems to be fueled by whale activity. Trading data from major exchanges suggests that investors are watching DOGE closely, following reports from blockchain analytics firm Santiment, which confirmed major accumulation by large holders.
Whale Moves Shake Dogecoin—Will the Rally Continue?
Major Investors Accumulate 150 Million DOGE
Dogecoin’s price movements have been anything but dull lately. In the past three days, crypto whales have strategically scooped up approximately 150 million DOGE, right as the token hovered near the crucial $0.185 support level.
This surge in whale investment, happening despite broader market uncertainty, signals strong confidence from major players. While retail traders remain cautious, unsure whether DOGE will keep climbing or correct further, analysts see these large-scale purchases as a bullish indicator—potentially setting the stage for further gains.
Market Reaction to Whale Accumulation
At the time of writing, DOGE is trading around $0.19, down 8% in the last 24 hours. Despite this short-term dip, the recent price surge has driven a staggering 50% increase in trading volume, showing strong market engagement across major exchanges.
From a technical standpoint, DOGE is consolidating, and traders are eyeing the $0.21 resistance level. If a breakout occurs, a potential 20% rally could be on the table, with price targets stretching up to $0.25 in the coming days, according to multiple market forecasters.
- RSI at 35 – Signaling relatively low momentum, which might be causing current price stagnation.
- Exchange Outflows Surging – Indicating long-term confidence from investors shifting funds into private wallets.
Massive Exchange Outflows: A Bullish Sign?
Crypto traders are keeping a close eye on DOGE outflows from major exchanges, which have been increasing significantly. According to Coinglass, roughly $43 million worth of DOGE has moved off trading platforms in just the past 48 hours.
This type of outflow is usually viewed as a bullish signal, as it suggests that investors are shifting tokens into private wallets for long-term holding, rather than keeping them on exchanges for immediate trading.
Exchange outflows have been steadily rising since early February 2025, reinforcing optimism that DOGE’s rally may not be over just yet.
source: coinglass
Strategic Accumulation as Market Tests Support
The steady accumulation of DOGE at key price levels has shifted market sentiment, with investors believing that whales are positioning themselves for further upside. While short-term volatility remains a factor, the strong demand from deep-pocketed investors suggests underlying bullish momentum.
For now, market participants are waiting to see if DOGE can break past its current trading range. If it manages to breach $0.21, the bulls could push for a strong continuation toward $0.25 and beyond. But if sellers regain control, DOGE may retest its $0.185 support before making another attempt to rally.
Either way, whale investors are making their moves, and the market is watching closely.
