Dogecoin News Today: Dogecoin Whales Accumulate $73M as Price Hovers Near $0.22

Dogecoin (DOGE) has seen a significant accumulation of 310 million tokens by large holders, or whales, within 48 hours, valued at over $73 million [1]. This sudden surge in buying activity has sparked speculation about potential upward movement in the price of DOGE, as whale behavior is often viewed as a leading indicator in crypto markets [2]. The accumulation occurred as the price remained relatively stable around $0.22, suggesting strategic positioning by major investors [3].

Historically, similar whale activity has preceded notable price surges. Analysts have pointed out that heavy whale buying in 2021 and 2023 was followed by sharp rallies, indicating a pattern that might be repeating [4]. The current accumulation may signal a potential market bottom, with traders and analysts watching closely for a breakout. Technical indicators also show a forming bullish double bottom pattern on the 4-hour chart, reinforcing the possibility of a reversal if the price manages to break through resistance [5].

On-chain data further reveals that DOGE whales have increased their holdings by 22% over the past week, with major purchases occurring as the price retraced from $0.28 to the $0.23–$0.24 range [6]. This buying behavior, combined with a 1.50% price increase in the past 24 hours, indicates a potential shift in market sentiment [7]. Analysts are now focused on whether DOGE can break through the $0.30 level, which is seen as the next major resistance [3].

The broader market has also shown signs of optimism, with whale accumulation being interpreted as a bullish signal. However, market volatility remains a concern, and the immediate downside is seen at $0.198, which has been a key support level [8]. Despite these risks, many experts remain cautiously optimistic, especially as DOGE appears to be stabilizing after a 11% weekly decline [9].

Sources:

[1] Whales Scoop Millions in DOGE: Will Dogecoin Hit $1

https://cryptorank.io/news/feed/45f03-whales-scoop-doge-will-dogecoin-hit-1

[2] DOGE Whales Buy Big — $1 Rally in Sight

https://www.coinspeaker.com/whales-scoop-doge-will-dogecoin-hit-1/

[3] Dogecoin (DOGE) Price: Bounces From Key Support as

https://coincentral.com/dogecoin-doge-price-bounces-from-key-support-as-bullish-golden-cross-pattern-emerges/

[4] Dogecoin (DOGE) Struggles at $0.22 After 11% Weekly

https://blockchain.news/news/20250730-dogecoin-doge-struggles-at-022-after-11-weekly-plunge-triggers

[5] Dogecoin (DOGE) Shows Recovery Signs at $0.22 After

https://blockchain.news/news/20250731-dogecoin-doge-shows-recovery-signs-at-022-after-volatile-week

[6] Blockchain Data Reveals Surge in RTX Accumulation From

https://www.bitcoininsider.org/article/280742/blockchain-data-reveals-surge-rtx-accumulation-dogecoin-shib-whales-parabolic-move

[7] Whales Scoop 130M in 24H: What's Next for Dogecoin Price

https://www.coingabbar.com/en/crypto-currency-news/whales-accumulate-130m-doge-double-bottom-signals-uptrend?srsltid=AfmBOooXnTwKmdXJQr4BkQ1JLqddSp7__eKE5cPmHUQPEFRKnMmgQpN-