Price Analysis View Non-AMP

Whales Begin to Accumulate DOGE, Will Dogecoin Price Rebound to $0.2?

Published by
Sahana Vibhute

Dogecoin is one of the most popular and the very first memecoin, which gained huge popularity and also triggered a massive bullish wave within the markets. Unfortunately, the trader’s activity faded on time, which also slashed the volatility of the token. Besides, the whales also showed less interest in the token, which made the market participants unresponsive to minor fluctuations. 

A new update has emerged that is expected to change the market dynamics of Dogecoin, as recent whale activity suggests the token may undertake a fresh rally soon. As per the data from Santiment posted by a popular analyst, Ali, the whales have intensified their DOGE accumulation, which had taken a dip for quite a while. 

The above chart suggests the whales who are holding 100 million to 1 billion DOGE tokens have accumulated over 700 million DOGE in the past 72 hours. These tokens are worth nearly $112 million, which raises the possibility of the price undergoing a significant turn in the coming days. The DOGE price has remained stuck below $0.18 for over a month, and hence a strong rebound from the current levels may begin a fresh rally ahead. 

The historical price action of the DOGE price rally suggests the token is heading towards its highs, slowly yet steadily. After closing the previous month on a bearish note, the bulls have regained some dominance. The MACD has just turned bullish and has raised within the positive range, suggesting the rally may remain ascending regardless of the bearish interferences. 

Therefore, the Dogecoin (DOGE) price, which is trying hard to maintain a bullish trend, is expected to close the monthly trade above the local highs at $0.2. This could be when a fresh upswing may begin if the bulls display strength at these levels.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Coinpedia Digest: This Week’s Crypto News Highlights | 24 May, 2025

Folks, I’m back with your weekly crypto round-up and trust me, you’re going to want…

May 24, 2025

FBI Seizes $24M in Crypto from Russian Cybercrime Kingpin

The U.S.  Department of Justice has indicted a Russian national, Rustam Gallyamov, for leading a…

May 24, 2025

Elon Musk’s DOGE Plan To Save the U.S. Economy from Recession Amid Bitcoin Turmoil

Billionaire founder and U.S government efficiency advisor Elon Musk has proposed a strategic plan to…

May 24, 2025

Crypto Crash: Bitcoin Falls to $108K After Trump’s EU Tariff Threat

Bitcoin has plunged 4.5% in the last 24 hours as it fell to $108,000 after…

May 24, 2025

New BTC ATH to Spark Overall Market Rally — 3 Top DeFi Tokens to Watch: Solana, Cardano and Unilabs

The flagship crypto Bitcoin (BTC) recorded yet another all-time high this week after crossing $111,000.…

May 24, 2025

Litecoin Price Prediction: Can LTC Keep Up With Memes Like Dogwifhat?

In a hype dominated market, legacy altcoins like Litecoin (LTC) might face new competition from…

May 24, 2025