Dogecoin price breakout signs are forming, but the move has not yet come through. At press time, Dogecoin trades flat at above $0.27. On the 12-hour chart, the coin is shaping a highly bullish pattern breakout setup that projects a target as high as $0.41, a 46% rise from current levels.
Still, the move is taking longer to arrive because of weak reactions to market events and the calm before the upcoming price surge. Read on to learn why the upcoming rally might just be delayed rather than denied.
Whales And Key Holder Groups Add To Their Positions
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Large holders have stepped up since the Fed rate cut hype cooled down and the Dogecoin ETF launched on CBOE (Chicago Board Options Exchange). The group holding 100 million to 1 billion DOGE grew their balances from 26.7 billion on September 17 to 27.4 billion on September 18.
That’s a 24-hour accumulation of 700 million DOGE (roughly $196 million).
That is a sizeable increase in just one day, showing big wallets are betting on higher prices.
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The HODL Waves, which track supply by holding time, also reveal conviction from two extreme hodling groups. Very short-term holders (1 day to 1 week) expanded their share from 0.84% on August 25 to 3.53% by September 18, likely chasing the ETF buzz.
At the same time, the 1–2 year group, long-term holders who are already in profit after a 166.5% year-on-year gain, also raised their share from 22.19% in mid-August to 23.63% now.
This unusual overlap, where both fast-moving traders and patient long-term holders are adding at once, builds a stronger case that sentiment is improving under the surface. However, in most cases, the whale and holder actions take time to reflect in price.
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This could be one of the reasons that adds to the Dogecoin price breakout delay.
Dogecoin Price Chart Shows Why The 46% Breakout Rally Is Almost Here
Even with whale and holder support, Dogecoin price has not cleared the key resistance at $0.29. This line marks the upper boundary of the flag. Until a daily close pushes above it, the breakout setup is on standby.
The ETF listing on CBOE also failed to trigger a flood of new demand instantly. Instead, Dogecoin has traded sideways, showing that the hype was priced in earlier. That pause is part of the delay.
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Still, the bullish flag pattern remains valid. If the Dogecoin price closes above $0.29, the measured move points toward $0.41. Fibonacci levels at $0.31 and $0.33 are intermediate barriers that must be cleared along the way.
Support sits at $0.25, and a dip under that would cancel the bullish structure, at least for now.
In short, the setup is delayed but not denied. With whales adding billions of DOGE, short-term traders jumping in, and long-term holders refusing to sell, the breakout case is alive, despite the delay.
If momentum picks up again, Dogecoin price still has room to climb 46% toward $0.41.
Source: https://beincrypto.com/dogecoin-price-breakout-setup-46-percent-rally/