Dogecoin price is showing signs of short-term strength as whales and short-term holders accumulate, but overhead resistance and growing bearish momentum suggest a possible pullback to key support near $0.2698 if sellers prevail.
Whales and short-term holders are accumulating DOGE, supporting a near-term bullish bias.
Critical levels: support $0.2698, resistance $0.2914; over-leveraged shorts dominate.
On-chain and market data: 158M DOGE accumulated by large wallets; 24h volume down ~32%.
Dogecoin price shows whale-driven accumulation and possible short-term pullback; monitor $0.2698 support and $0.2914 resistance for trade signals. Read more.
What is driving the current Dogecoin price move?
Dogecoin price is being driven by concentrated accumulation from whales and renewed buying by short-term holders, which supports a bullish bias despite a recent decline. On-chain data and reduced trading volume suggest momentum may hinge on whether sellers can push price below $0.2698.
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How much DOGE have large holders accumulated recently?
On-chain reporting indicates wallets holding between 1 million and 10 million DOGE added approximately 158 million coins. This accumulation, cited from Santiment and on-chain trackers, often precedes extended rallies in meme-asset cycles and signals institutional-style interest.
Key Takeaways
- Accumulation: Whales and short-term holders are buying into weakness, raising the probability of a recovery.
- Technical levels: Traders watch $0.2698 (support) and $0.2914 (resistance); liquidation clusters are concentrated here.
- Risk: Indicators (Bollinger Bands widening, ADX ~31) point to stronger trend momentum and potential 17% downside if reversal completes.
Despite a recent dip, investor appetite for Dogecoin [DOGE] has increased. Large wallets and short-term holders are accumulating, which historically precedes bullish stretches for the memecoin.
A crypto analyst referenced Santiment data showing that wallets in the 1M–10M DOGE bracket have added roughly 158 million tokens in recent weeks. Independent analytics from Alphractal also report rising accumulation among short-term holders (STHs).
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Market participants are weighing whether the current correction is a consolidation before another leg up or the start of a deeper retracement. At press time, DOGE traded around $0.2756, down 1.65% in 24 hours, while 24-hour volume declined roughly 32% per CoinMarketCap data.
Technical studies show DOGE moving inside an ascending channel on the daily chart. The recent push toward the channel’s upper boundary coincided with bearish candle formation and widening Bollinger Bands — a setup that can precede a short-term reversal.
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