Large Holders Accumulate Dogecoin (DOGE), Signaling Growing Market Interest and Bullish Technical Patterns

Key insights:

Large holders, known as whales, have been accumulating Dogecoin (DOGE) in the past 24 hours, adding over 80 million tokens. This activity signals growing market interest and bullish technical patterns.

Several trends pointed to potential upward momentum for the memecoin price.

Addresses in possession of between 1 million and 10 million DOGE picked up 80 million tokens. This activity indicated that larger market participants may be positioning ahead of a potential price movement.

Usually, this type of accumulation happens in perceived value zones or during market corrections, allowing institutional or wealthy participants to establish strong positions.

Dogecoin price remained around $0.15 during the accumulation phase. Many see this range as a key support zone with high market interest.

Historical behavior from whale addresses showed that accumulation at similar levels often precedes price rallies.

Dogecoin Price Could Soar 160% as Harmonic Pattern Suggests Reversal Near $0.126

On a daily time frame, a Bullish Bat harmonic pattern formed to the downside, and there was a potential reversal zone at $0.12660. It consisted of several measured legs, X to A, A to B, B to C, and C to D. The final point, D, lay on the 0.886 Fibonacci retracement of the XA leg.

When the DOGE price reaches the $0.126–$0.130 support range, harmonic patterns suggest a potential upward move. This configuration indicated favorable conditions for a price rebound.

If the bounce holds, the technical target for the rebound would be between $0.19 and $0.21., which could coincide with the prior consolidation zone and be historical resistance.

If the price pulls back further, the next support level to watch is at $0.13, where there could be some support.

According to recent forecasts, the Dogecoin price could surge by 231.30%, reaching $0.525413 in May 2025. This prediction reflected growing optimism around the memecoin’s performance.

The Fear & Greed Index was reading 25. This means extreme fear, while technical indicators indicate bearish sentiment in the market.

DOGE recorded 13 green days last month, showing steady positive momentum. Its average price volatility over the past 30 days has been 6.69%, indicating moderate market fluctuations.

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.