Whale Accumulation Drives Momentum

Large DOGE holders have played a major role in the recent rally. Over the past week, addresses holding between 100 million and 1 billion DOGE have added more than 2 billion coins to their wallets — an investment worth roughly $500 million. This aggressive buying signals confidence in Dogecoin’s future and has provided a strong price floor for further gains.

Dogecoin whale accumulation chart
Whales boost DOGE growth. Source: Santiment  

Technical Shift: The Golden Cross

The bullish momentum got an extra push when Dogecoin’s 50-day and 200-day exponential moving averages (EMAs) formed a golden cross, ending a five-month bearish phase. This crossover is often viewed as a sign of long-term trend reversal and suggests the coin is positioned for continued upside if momentum holds.

Key Levels to Watch

At press time, DOGE is trading around $0.246 after breaking through the $0.241 resistance. To maintain upward momentum, bulls will need to flip $0.241 into solid support. If that happens, the next significant barrier sits at $0.273.

Dogecoin golden cross chart
DOGE golden cross breakout. Source: TradingView

Whale accumulation and continued bullish signals from the golden cross could give DOGE the push it needs to break that level and target higher prices.


DOGE Price Analysis DOGE Price Analysis. Source: TradingView

If momentum fades, however, the price could consolidate between $0.241 and $0.218 — signaling weaker market conviction and opening the door for a short-term pullback.

Previously, FORECK.INFO reported on the growing speculation around which altcoins could be next in line for U.S.-listed crypto ETFs.