Dogecoin Price: Will an Accumulation of 800 Million Constitute a Reversal?

Dogecoin (DOGE) is struggling to sustain above $0.15 as of press time after closing in the green for the past two days. Dogecoin whale activity spikes With prices in the critical accumulation zone, within just 48 hours, whales, i.e. addresses with more than 1 billion DOGE coins, collected more than 800 million DOGE coins. These entities increased their ownership of DOGE from 71.36 billion to 72.18 billion DOGE. This resulted in an increase in the price from $0.131 to $0.159. When a large sum of money is deposited into an institution's wallet, this usually indicates that these investors are more confident. Carefully planned purchases indicate price predictions that may increase in the future.

This behavior on the blockchain makes retail traders more optimistic as these traders often rely on whale movements as indications of the market's direction. The price trend may continue to increase based on these dedicated investor buys DOGE could break the overhead resistance if the whale continues to consolidate while maintaining these purchases. The sentiment of retail investors is likely to turn bearish if the price movement is short-term or if the whale's initial buying activity is speculative. DOGE's MACD and RSI indices indicate... More details suggest that Dogecoin has signs that it may be ending its recent price drop. The scenario repeats itself similar to the previous ones when DOGE plummeted but the price rose again. As of press reporting, the price of Dogecoin is $0.15 because since March 2025, the market has seen a significant price drop. The MACD along with the RSI have shown similar signals as previous bottom patterns have shown. The MACD line enters a phase where its lines become flat and facilitates the MACD line to cross above the signal line. Momentum signals indicate stronger upside potential if volumes increase sharply in this market pattern. The RSI numbers indicate that the price may rise. This happens because, although the price is falling to its lowest, the RSI shows that this low is in fact rising.

In the past, these market changes initiated bull runs. This is because the MACD lines intersect and the RSI shows a difference, which DOGE then confirms as the changes continue. These price conditions could push DOGE out of the $0.18 to $0.20 zone so that it can recover until it reaches $0.23, after which it can reach higher levels. Any failure to sustain the price above $0.15 coupled with a rejection at $0.18 could weaken the bullish outlook. DOGE is likely to fall below $0.13 if support is broken along with the indicator's change. Traditionally, this suggests that participants would interpret this cluster zone as a warning of higher movements that may occur regardless of which direction they move. How will the price react to a false breakout? Finally, the chart also shows a false breakout below the support zone, which has been happening noticeably since December last year. Fluctuations at $0.195, $0.175, and $0.16 demonstrated potential and the price subsequently dropped. A drop below $0.14 behaves differently from that pattern. The downtrend could not be sustained as DOGE recovered strongly from the broken phase by rising above this level and then maintaining this position for several days. DOGE may turn bullish after sellers are surprised by a fake breakout that can lead to an immediate recovery.

A move above the $0.42 level with strong momentum will nullify the potential breakout pattern. This deceptive price break may attract new investors who are optimistic and want to cover up short selling as it would be a bear trap. DOGE could then move even higher to $0.48 or even higher if it maintains its position above the $0.14-0.16 support zone. However, DOGE could drop in price if the price falls below $0.16 again, which could cause the price to drop to $0.13 or lower. However, the future price trend of DOGE over the next few weeks depends on the movement of prices near the recently regained area.