Dogecoin Whales Buy 2B DOGE at $0.245—Price Pattern Signals 800% Surge

Dogecoin is once again making headlines after whales, accumulated more than 2 billion DOGE in just 48 hours. The move has stirred optimism in the crypto community, with analysts pointing to a repeating bullish pattern that could pave the way for an explosive rally.

Analyst Ali Sees Whale Buys at $0.245 Driving DOGE Resilience

Blockchain data shows that the recent whale accumulation happened when Dogecoin briefly dipped to around $0.245. Analyst Ali noted that wallets holding between 100 million and 1 billion DOGE have steadily increased their holdings over the past few months. These sharp rises in whale balances often align with notable price recoveries.

Ali emphasized that this kind of strategic positioning suggests whales see long-term value in Dogecoin. Historically, similar bursts of buying activity were followed by price rallies. In fact, July and September both saw upward surges after comparable whale moves. This consistency has led analysts to connect accumulation patterns with the token’s resilience, even during broader market volatility.

Analyst Crypto Batman Eyes $0.30 Bounce from Key Support

Technical expert Crypto Batman also discussed on Dogecoin’s current setup. His chart analysis shows that the coin is sitting at an important intersection of two trendlines. The long-term bearish trendline, which once acted as resistance, has flipped into support. At the same time, a recent bullish trendline is converging at the same point.

This creates what traders call a double confluence, often seen as a strong foundation for a potential bounce. If buyers step in at this level, the price could stabilize and attempt another push toward $0.30. Batman warns, however, that a failure to hold this support may open the door to more downside.

Historical Patterns Suggest Explosive Rally

Adding more weight to the bullish case, @Bitcoinsensus highlighted a repeating cycle in Dogecoin’s price history. The token previously surged 300% in one cycle and then 500% in the next. Each rally followed a bounce from the same ascending trendline.

The current market setup suggests that Dogecoin could now be preparing for an even bigger move. According to this analysis, the next surge could reach around 800%, potentially sending the price close to $1.30. While some may see this as speculative hype, the technical structure points to strong bullish potential if history repeats.

At press time, CoinMarketCap data shows Dogecoin trading at $0.2314, down 4.75% in the past 24 hours. Its market capitalization stands at $34.96 billion, with a 24-hour trading volume of $3.48 billion.