Dogecoin Whales Accumulate 800M DOGE, Eyeing $0.17 Resistance

Dogecoin has shown resilience in recent weeks, maintaining its position above crucial support levels despite market volatility. The cryptocurrency has reclaimed the $0.15 mark and is now eyeing a potential recovery rally, with the $0.17 level identified as the next major resistance. A successful breach of this threshold could signal a broader trend reversal and reignite bullish sentiment across the meme coin sector.

Recent on-chain data from Santiment indicates that Dogecoin whales have been highly active, accumulating over 800 million DOGE in the last 48 hours. This significant buying activity by large holders suggests a bullish outlook, as whales are positioning for an upward move. The renewed accumulation, combined with improving technical conditions, has sparked optimism among traders and investors who believe Dogecoin is poised for its next leg upward.

However, global macroeconomic tensions continue to create unpredictable conditions across financial markets. For Dogecoin to confirm a recovery rally, bulls must hold current levels and push through near-term resistance in the coming sessions. The meme coin is now at a pivotal point, trading just below key resistance levels after a strong rebound from recent lows. Broader market conditions are improving, and global tensions, especially around trade and tariffs, are beginning to cool. Analysts are turning their attention to assets like DOGE that have lagged in performance but now show signs of potential upside.

Dogecoin has managed to reclaim the $0.15 mark, but to validate a broader recovery rally, bulls must push beyond the $0.17–$0.18 zone in the days ahead. Momentum indicators are beginning to flip bullish, and some market watchers suggest that Dogecoin could be preparing for a breakout. However, sentiment remains mixed, with others pointing to the possibility of a continuation of the downtrend, particularly if resistance holds or macroeconomic conditions deteriorate.

Top analyst Ali Martinez shared insights on X, revealing that Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours. This level of accumulation by large holders suggests renewed confidence in the asset’s short-term potential. Historically, such whale activity has often preceded strong price moves in DOGE. For bulls to take control, Dogecoin must break above near-term resistance and sustain momentum amid a still-volatile environment. A failure to do so could see the asset slip back into consolidation or even retest previous lows. The coming week will be critical for determining whether DOGE’s next move is a breakout or another pullback.

Dogecoin is currently trading at $0.16 after failing to reclaim the 4-hour 200 Moving Average (MA) near $0.168, a level that has acted as strong short-term resistance. Despite recent bullish momentum across the crypto market, DOGE bulls are struggling to regain control. The $0.15 level now serves as critical support. If Dogecoin holds this area, there’s a strong chance it could push higher in the coming sessions. A successful break above $0.17 would be significant, potentially opening the door to a rally toward $0.20, a level not seen since early April. However, price rejection and continued weakness around $0.168 suggest that sellers are still active, and bulls need to reclaim this moving average to build momentum.

If DOGE loses the $0.15 mark, downside risk increases sharply. A drop to $0.13—or even lower—is likely as bearish pressure could intensify in a volatile market. Investors will be watching closely for a clear move in either direction, as Dogecoin sits at a key inflection point. Volume and on-chain data, including recent whale accumulation, suggest potential, but confirmation must come through price action above immediate resistance.