- Whales accumulated 530M DOGE in 72 hours, signaling confidence despite declines.
- Dogecoin could hit $0.30 if demand holds, but a drop to $0.125 remains possible.
- TD Sequential buy signal suggests a potential price reversal for DOGE.
Dogecoin whales have accumulated over 530 million DOGE in the past 72 hours, signaling strong investor confidence despite a recent price decline. This surge in whale holdings suggests that large investors are strategically buying at lower levels, anticipating a future rebound.
Analysts believe that if demand remains strong, Dogecoin price could potentially surge to $0.30 in the coming weeks. However, some market watchers expect further retracement before a sustainable uptrend begins.
Whale Accumulation Hints at Market Optimism
On-chain data from Santiment reveals that large investors have been actively accumulating Dogecoin in the last three days. Crypto analyst Ali Martinez reported that whales acquired 530 million DOGE, capitalizing on the price dip to expand their holdings. This pattern of accumulation often indicates a positive long-term outlook, as institutional and high-net-worth investors seek to strengthen their positions.
Whales bought the dip, accumulating more than 530 million #Dogecoin $DOGE in the last 72 hours! pic.twitter.com/0cRGqxLoXw
— Ali (@ali_charts) February 27, 2025
Historically, whale accumulation phases have preceded short-term price recoveries due to reduced market supply. When large investors absorb significant portions of available liquidity, bullish pressure builds, driving prices higher.
Despite recent losses, some analysts argue that the current accumulation trend could serve as a catalyst for Dogecoin’s price rebound. If demand continues at the same pace, DOGE could climb toward the $0.30 mark.
Potential Price Correction Before Rebound
While whale accumulation fuels optimism, some market analysts warn of a potential price retracement before any major recovery. Crypto expert Dave Hunter predicts that Dogecoin could drop to $0.125 before rebounding. He identifies this level as an accumulation zone where investors might increase their holdings.
Hunter highlights $0.24 as a critical resistance zone where Dogecoin could face rejection before any upward movement. If the price fails to break through this level, additional selling pressure could lead to further declines. Moreover, liquidity sweeps from lower levels might accelerate downward momentum, creating short-term uncertainty for traders.
Despite the bearish outlook, some market participants see a drop to $0.125 as a buying opportunity. If Dogecoin price aligns with historical whale-driven rallies, investors accumulating near support levels could benefit from a potential recovery.
Technical Indicators Suggest Reversal
The TD Sequential indicator has flashed a buy signal for Dogecoin, suggesting a possible price reversal. This signal appeared on DOGE’s daily chart after nine consecutive downward candles, a pattern that often precedes an upward move.
Martinez further noted that an S13 pattern, represented by a green arrow on the chart, reinforces the possibility of a rebound. If this bullish formation holds, Dogecoin could experience a sharp rise from its current levels, reversing the recent downtrend.
As of press time, Dogecoin is trading at $0.1879, marking a 10.23% decline in the past 24 hours and a 27.01% drop over the last week. With a circulating supply of 150 billion DOGE, its market cap stands at $27.86 billion.
