Dogecoin News Today: Whales Buy 310M $DOGE in 24H Amid $0.22 Dip Market Activity Rises

Dogecoin ($DOGE) has seen notable activity in the past 24 hours, as whale investors accumulated over 310 million tokens during a pullback in price, with the coin falling to as low as $0.22. The buying spree, reported by Ali_charts and tracked via blockchain analytics, suggests growing interest among large holders at lower price levels, as these whales added to their positions amid broader market volatility [1]. The acquisition of these tokens equated to more than $73 million at current market prices, with whale wallets now holding over 72.6 billion DOGE in total [1].

The price action has drawn attention from traders and analysts, who are closely monitoring whether this accumulation signals early positioning for a potential upward move. Dogecoin has held above the $0.213 support level, with a bounce back to $0.223 seen as a positive sign. Over the past 24 hours, the coin’s price increased by 0.55%, with trading volume exceeding $2.2 billion [1].

According to technical analysis, the $0.213 level is considered a key support zone, and the price rebound from this area has created a potential bullish reversal pattern. BitGuru, a market analyst, noted that a breakout above resistance could lead to a 28% price increase, potentially pushing the coin toward the $0.240–$0.250 range [1]. This area also overlaps with previous trading ranges from early July, reinforcing its significance as a near-term target for traders.

The recent whale buying activity has introduced a new dynamic to the market. While the broader altcoin market remains cautious, the increased activity among large holders indicates a shift in sentiment at current price levels. Such behavior is typically not random and may hint at a larger move in the near future. With over 310 million DOGE scooped up in a short timeframe, the stage may be set for a breakout, depending on how the price interacts with key technical levels in the coming days [1].

The developments highlight the ongoing volatility and speculative nature of the Dogecoin market. Investors are advised to conduct their own due diligence before making trading decisions, given the unpredictable nature of meme-based cryptocurrencies [1].

Source: [1] Whales Scoop 310M $DOGE in 24H: Is a Breakout Brewing? (https://coinmarketcap.com/community/articles/688b39e332fd41286026cd76/)