DOGE Shows Bullish Signals as Whales Drive Recovery

Dogecoin (DOGE) is exhibiting strong signs of a short-term recovery, fueled by significant whale accumulation and positive on-chain data. Since mid-April, wallets holding between 1 million and 10 million DOGE have added 100 million coins, increasing their cumulative holdings from 10.45 billion to 10.55 billion DOGE. This accumulation has coincided with a price rebound from $0.153 to $0.176, indicating growing confidence among large holders. Exchange outflows further suggest reduced selling pressure, reinforcing the bullish outlook for DOGE in the NEAR term.

Dogecoin Price Enters Recovery Phase as Whales Accumulate

Dogecoin shows signs of a short-term recovery, buoyed by on-chain data and technical indicators. Whale wallets holding between 1 million and 10 million Doge have added 100 million coins to their balances since mid-April, lifting their cumulative holdings from 10.45 billion to 10.55 billion DOGE.

The accumulation coincides with a price rebound from $0.153 to $0.176, suggesting growing confidence among large holders. Exchange outflows further indicate reduced sell pressure, reinforcing the bullish momentum.

Dogecoin To The Moon? Price Eyes $0.27

Dogecoin (DOGE) shows signs of a potential breakout after months of sideways trading. Technical analysis indicates a bullish reversal, with the cryptocurrency breaking out of a descending channel that had constrained its price movements since early this year.

The breakout gained further credibility after DOGE successfully retested prior resistance levels, now acting as support. market observers note immediate resistance at $0.27, with potential upside targets at $0.39 and $0.43 if bullish momentum sustains. Support remains firm around $0.10.

This technical development coincides with favorable macroeconomic conditions for risk assets. The meme cryptocurrency, often influenced by broader market sentiment, appears poised for its next leg up after an extended consolidation phase.

Dogecoin Whales Accumulate Amid Price Consolidation

Dogecoin’s price action remains stagnant near $0.1743, marking a 36% premium to its yearly low despite persistent accumulation by large holders. Blockchain analytics reveal a calculated buildup by whales during this consolidation phase.

Santiment data tracks a 200 million DOGE increase among addresses holding 1-10 million coins since March, now controlling 10.5 billion tokens. The most significant accumulation comes from mega-whales (100M-1B DOGE), whose collective holdings surged from 23.4 billion to 25.52 billion during the same period.

Such strategic positioning by deep-pocketed investors during market doldrums often precedes bullish reversals. The meme cryptocurrency’s on-chain metrics now show the classic tension between suppressed price action and growing institutional conviction.