Are Whales Buying Doge? Analyzing the Potential Price Surge

In recent days, large-scale crypto holders, known as whales, have quietly accumulated hundreds of millions of DOGE, raising eyebrows across the crypto community. 

Is this just noise, or a prelude to a breakout? Check the full story here!

Dogecoin Whales Are Accumulating

According to on-chain data, wallets holding massive amounts of Dogecoin—between 100 million to 1 billion DOGE—have grown significantly. In just 48 hours, over 800 million DOGE were reportedly scooped up by whales. 

This type of accumulation isn't just casual buying; it’s a bold statement that big players may be positioning themselves for a significant move.

Why does this matter? Whale behavior often precedes large price swings. When institutional-sized investors buy in bulk, it’s often because they anticipate future gains—or know something the broader market doesn’t.

Bitinfocharts also shows a consistent uptick in wallet activity in this range, aligning with a surge in social media discussions and technical indicators that hint at bullish sentiment.

But it’s not all smooth sailing—DOGE saw $2.83 million in liquidations in the past 24 hours, with $2.38 million being long liquidations. 

While this shows some traders may have over-leveraged in anticipation of a rally, the whale activity might suggest something more calculated and long-term is brewing.

Read also: Analyzing Sentiments: How the Latest Dogecoin ETF Can Help DOGE Go Up

Expert Analysis: Is DOGE Ready to Surge?

Well-known crypto chart analyst Ali Martinez believes DOGE is on the verge of a breakout. According to him, if Dogecoin closes above $0.17, it could rally to $0.21 or even $0.29, provided it maintains support around $0.13. 

These are not random numbers—they’re based on technical analysis and historical trading patterns.

Martinez isn’t alone. Trader Tardigrade has also highlighted that DOGE’s current movement mirrors past behavior right before a major surge. 

He notes the MACD and RSI indicators are aligning similarly to the final stages of earlier pullbacks—suggesting DOGE could be entering the beginning of a new bull run.

Adding more weight to the bullish case, DOGE is currently holding above key support levels and seems to be forming what analysts call a “false break”—a pattern often seen before a significant price reversal to the upside.

While the crypto market remains volatile and unpredictable, these expert insights coupled with whale accumulation build a compelling narrative: DOGE may be gearing up for a significant move.

Read also: DOGE Price Analysis: $80M Accumulated by Whales as Market Volatility Sparks Major Potential

Conclusion

The meme coin that started as a joke is once again making headlines—but this time for serious reasons. The recent spike in whale accumulation indicates rising institutional or high-net-worth interest in Dogecoin, often a precursor to market moves. 

Combined with technical indicators and expert analysis, there's growing evidence that DOGE could be preparing for a price surge.

FAQ

Q: What is a Dogecoin whale?
A: A Dogecoin whale is an individual or entity that holds a large amount of DOGE, typically in the hundreds of millions. Their activity can influence the market.

Q: Why is whale accumulation important?
A: Whale accumulation can signal future price moves. When large investors buy, it's often because they anticipate a rise in value or know insider trends.

Q: Is DOGE a good investment right now?
A: That depends on your risk appetite. While data shows bullish indicators and whale interest, the crypto market remains highly volatile.

Q: What price levels should I watch?
A: Analysts suggest watching the $0.13 support and the $0.17 resistance. A close above $0.17 may signal a rally toward $0.21 or $0.29.

Q: Can DOGE reach new all-time highs?
A: It's possible, especially if broader market sentiment turns bullish and technical patterns continue to align. However, past performance is not a guarantee of future results.