Dogecoin (DOGE) is near a historically strong buying zone, as evidence from historical charts suggests significant whale activity. This may indicate potential upward movement.
Dogecoin Near Historical Buying Zone
Currently, DOGE is trading around $0.20, close to the lower boundary of an ascending channel established on charts since August 6, 2025. In previous cycles, notably in 2017, 2020, and 2023, DOGE touched this lower boundary before initiating sharp price jumps.
Whales Accumulate Over 1 Billion DOGE
Analyst Ali Martinez reported that whales accumulated over 1 billion DOGE within 24 hours. This sharp rise in whale transactions coincided with a modest recovery in DOGE's price after a recent dip. Historically, large-scale whale purchases preceded upward price movements in DOGE.
Key Support and Resistance Levels for DOGE
DOGE is in a strong support zone between $0.18 and $0.19, having recently bounced from this level to create a foundation for potential gains. Analysts identify critical resistance levels ahead, including $0.2485, $0.2875, and $0.3429. A breakout above the $0.24 mark could serve as a trigger for further upward movement.
The current technical setup and whale activity align with conditions seen before previous Dogecoin rallies, indicating possible forthcoming growth.
