Dogecoin Whales Amass Billions: Is a Price Rally on the Horizon?

Dogecoin whales have accumulated 4.72 billion DOGE in two weeks, boosting holdings as price stays near $0.17–$0.18. Technical signals suggest a possible rally if resistance at $0.18 and $0.20 is broken.

Dogecoin has seen significant whale activity over the past two weeks, with large holders accumulating approximately 4.72 billion DOGE, raising their total to around 32.4 billion coins. This accumulation occurred as Dogecoin’s price remained subdued, hovering near $0.17–$0.18, despite a broader market slowdown and a recent $700 million sell-off by larger whales. Technical indicators such as the RSI and MACD suggest a neutral-to-bullish outlook, with the RSI breaking a downward trend and the MACD signaling potential upward momentum. Analysts note that Dogecoin is trading within a historical price channel, with higher lows forming and support established above $0.17. If this trend continues, DOGE could attempt to break resistance at $0.18 and $0.20, with short-term targets up to $0.21 and $0.25. However, failure to surpass these levels may result in further declines. The market remains divided, with mid-tier whales accumulating while larger holders reduce exposure, but overall sentiment points to cautious optimism for a potential rally.