Recent whale activity in the Dogecoin network has drawn attention from analysts and traders. In just 48 hours, the number of accumulated coins reached a significant level, potentially impacting price fluctuations.
Surge in Whale Accumulation
With a critical accumulation zone in sight, whales (addresses holding over 1 billion DOGE) collected over 800 million DOGE in just 48 hours, boosting their total holdings from 71.36 billion to 72.18 billion DOGE. This accumulation led to a price increase from $0.131 to $0.159. Deposits into institutional wallets typically indicate growing investor confidence.
MACD and RSI Analysis
Technical indicators such as MACD and RSI reveal signs of a potential end to the recent price decline. Currently, the price of Dogecoin stands at $0.15, following significant market declines since March 2025. MACD indicates possible upward movement conditions, while RSI suggests strengthening price potential.
Price Reaction to False Breakout
The chart indicates a false breakout below a key support area noted since December last year. Sustaining above $0.14-$0.16 could signal further growth potential for Dogecoin. Conversely, dropping below $0.16 may lead to lower prices, down to $0.13.
Overall, the accumulation by whales and current technical analysis signals indicate a potential shift in Dogecoin's price trend. Future price movements will depend on the asset's ability to maintain its current levels.
