Dogecoin Enters Prime Accumulation Zone as Whales Scoop Up 500M DOGE

TLDR:

• DOGE trades at $0.1494 within a key Bullish Order Block, attracting long-term buyers.
  

• Whales purchased over 500M DOGE (~$80M) during dips, showing strong institutional activity.
  

• The $0.08–$0.05 Strong Demand Zone continues to act as a foundation for market support.
  

• Cycle targets of $0.50, $1, and $2 remain in focus if DOGE maintains accumulation zones.

Dogecoin enters a key phase as the asset trades inside major long-term accumulation zones that have shaped previous market cycles. 

The price remains well below earlier peaks, placing DOGE in areas that long-duration traders have historically monitored for value-based positioning.

CoinGecko market data, as of writing, shows Dogecoin changing hands at $0.1494, supported by more than $1.25 billion in daily trading volume. Analysts are now observing how the asset behaves as it tests levels that have repeatedly attracted capital during extended corrections.

Whale Accumulation Supports Structure Inside Bullish Order Block

Analyst Crypto Patel reported that Dogecoin is positioned inside what he termed a Prime Accumulation Zone after falling sharply from both the December 2024 peak and the macro all-time high. 

The price currently sits within the $0.13–$0.09 Bullish Order Block, an area he described as the optimal range for accumulation across higher-timeframe structures.

The broader $0.08–$0.05 area was also identified as a Strong Demand Zone. 

This region has historically drawn long-term buyers during heavy retracements. Market participants tracking these zones are evaluating whether current conditions can maintain support as trading activity stabilizes.

Recent whale movement added another layer to the discussion. Patel noted that more than 500 million DOGE, valued at roughly $80 million, was acquired during recent dips.

These purchases suggest continued interest from larger holders, even as overall sentiment fluctuates. This trend is being examined closely for clues about market confidence.

The technical structure outlined in the shared chart includes a possible rounded reversal forming on the weekly timeframe.

 Analysts are watching whether DOGE can maintain its position inside the Bullish OB before attempting to reclaim higher resistance levels observed earlier in the cycle.

Cycle Targets Gain Attention as Analysts Examine Weekly Structure

Bitcoinsensus introduced another angle by reviewing how DOGE has moved in wave-like patterns during this cycle. 

Using the two most recent major swing highs on the weekly chart, the account identified potential targets in the $0.70–$0.75 range. These projected levels reflect recurring formations seen during past expansions.

The question raised was whether such levels could form the next cycle boundary. 

While no confirmation exists, the scenario presents a reference point for traders analyzing long-term movement. Discussions now focus on whether DOGE can sustain accumulation long enough to revisit broader resistance areas.

Crypto Patel also outlined long-term targets of $0.50, $1, and $2 if the market preserves its structural base. 

These projections depend on DOGE holding the Bullish Order Block and progressing through key weekly levels in future sessions.

As sentiment shifts and liquidity conditions evolve, market participants continue to monitor Dogecoin’s behavior inside the Prime Accumulation Zone. The combination of whale activity, structural support, and cycle-based projections shapes the outlook as the next phase of the market develops.

The post Dogecoin Enters Prime Accumulation Zone as Whales Scoop Up 500M DOGE appeared first on Blockonomi.

Source: https://blockonomi.com/dogecoin-enters-prime-accumulation-zone-as-whales-scoop-up-500m-doge/