Dogecoin Price: Will 800M Accumulation Spark a Reversal?

Dogecoin (DOGE) was battling to stay above the $0.15 level as of press time having closed green in the last two days.

Dogecoin’s Whale Activity Surge

With price at a key accumulation zone, whales in only 48 hours, that is addresses with over 1 Billion DOGE coins, collected more than 800 Million DOGE.

These entities increased their DOGE ownership from 71.36 Billion to 72.18 Billion DOGE. This led to an increase in price from $0.131 to $0.159.

When substantial funds are deposited into institutional wallets, it typically indicates that these investors have gained greater confidence.

The carefully-planned purchases suggested an anticipation that the price could rise in the future.

This behavior on the blockchain triggered retail traders to be more optimistic as these traders usually rely on whale movements as signs of market direction.

The price trend could continue upward based on these dedicated investor purchases. DOGE could breach upper resistances if whales continued accumulating while maintaining these purchases.

Retail investors’ sentiment could most likely shift downward if price movements proved short-term or if the initial whale purchase turned out to be solely speculative.

DOGE’s MACD and RSI Readings Say…

More details showed that Dogecoin had signs that it might be finishing its recent price decline. The recurring scenario was similar to the previous times when DOGE plummeted but prices went up again.

As of press time, Dogecoin’s price was $0.15 as since March 2025, the market had been experiencing a significant decrease in prices.

The MACD along with RSI pointed to the same signals which earlier bottoming formations demonstrated.

The MACD entered a period when its lines became flat and set conditions for a MACD crossover above its signal line.

Momentum signals showed stronger potential to move upward if volume levels gained strength in this market pattern. The RSI numbers suggested prices might rise.

This happened because even though prices were dropping to their lowest points, the RSI showed that these lows were actually getting higher.

In the past, these market changes started rallies. This was due to the MACD lines crossing and the RSI showing differences, which DOGE then confirmed as changes continued.

These price conditions may drive DOGE towards breaking out of the $0.18 to $0.20 zone for a possible recovery until it reached $0.23 followed by possibly higher levels.

Any inability to maintain prices above $0.15 coupled with a $0.18 rejection could weaken the bullish outlook.

DOGE could potentially drop past $0.13 if its supports were breached alongside indicator rollovers.

Historically, this suggested participants would interpret this cluster zone as a warning of potential higher movements regardless of which direction they moved.

How Will Price React to the False Break?

Lastly, the chart also showed a false breakout beneath its support area which had been notable since December last year.

The movements at $0.195, $0.175 and $0.16 proved potential and subsequent prices declined afterward.

A drop under $0.14 behaved differently from that pattern. The downtrend failed to persist since DOGE forcefully recovered from its broken phase by rising above this level then maintained this position through several days.

DOGE could turn bullish after sellers get stunned by the false break setup which could lead to an immediate rebound.

A move above $0.42 with robust momentum would invalidate potential breakdown pattern.

The deceptive price break could entice short-covering and new optimistic investments as this would mean a bear trap.

DOGE could then rise further toward $0.48 or possibly even higher levels if it sustained position above the $0.14-$0.16 support zone.

However, DOGE may become bearish if it fell below $0.16 again which could force a move toward $0.13 or lower values.

However, DOGE’s future price trend for the next several weeks depended on it performed near its recently regained area.