Dogecoin (DOGE) Price: Whales Drop $134 Million as Chart Pattern Hints at Potential Rally

26-Oct-2025 CoinCentral

TLDR

  • Dogecoin is trading at $0.1977 with a market cap of $29.9 billion and has gained 5.15% over the past week.
  • Crypto whales purchased over $134 million worth of DOGE in 24 hours, showing strong accumulation by large investors.
  • The weekly chart shows a long-term rounding pattern with three higher bottoms, creating a cup-shaped formation that suggests growing demand.
  • Key resistance sits at $0.22-$0.25, with potential targets ranging from $0.34-$0.48 and possibly $0.70-$0.80 if the breakout continues.
  • Some analysts predict DOGE could reach $7.20 based on historical patterns from previous bull cycles in 2017 and 2021.

Dogecoin is showing renewed strength after months of sideways trading. The meme coin’s weekly chart reveals a pattern that technical traders recognize as a possible precursor to larger price movement.

Dogecoin (DOGE) Price
Dogecoin (DOGE) Price

The token is currently trading at $0.1977 with a market capitalization of $29.9 billion. Over the past week, DOGE has climbed 5.15%. Trading volume reached $1.61 billion in the last 24 hours.

Analyst Trader Tardigrade identified a long-term rounding pattern on the weekly chart. The formation includes three distinct rounded bottoms, each one higher than the previous. This creates a cup-shaped accumulation structure.

The pattern suggests that demand is building slowly while long-term holders maintain their positions. The most recent curve extends through mid-2025 and shows price holding above $0.17. Higher lows indicate that selling pressure is decreasing.

Whale Activity Shows Strong Accumulation

Large investors have been active in the Dogecoin market recently. Whales purchased over $134 million worth of DOGE within a 24-hour period. This level of accumulation by major holders often comes before increased price volatility.

The whale buying could reflect confidence in Dogecoin’s long-term prospects. Some market observers view this activity as a potential signal for an upcoming rally. The accumulation phase appears to be gaining momentum.

Community sentiment data from CoinMarketCap shows 85% of voters expressing optimism about future price trends. Only 15% hold bearish views. The poll included 1.5 million total votes.

Technical Levels and Price Targets

The critical resistance zone sits between $0.22 and $0.25. Previous rallies lost momentum at these levels. A weekly close above this range would confirm a bullish reversal.

If Dogecoin breaks through resistance, the next targets range from $0.34 to $0.48. Extended momentum could push prices toward $0.70-$0.80. Trading volume will determine whether the pattern completes successfully.

Some analysts draw comparisons to Dogecoin’s historical cycles from 2017 and 2021. Both periods featured accumulation phases followed by rapid price increases. One forecast suggests DOGE could eventually reach $7.20 if the current pattern mirrors past behavior.

The broader crypto market context supports altcoin rotation as Bitcoin dominance levels off. Capital often flows into high-liquidity tokens like Dogecoin during these periods. Developer activity in the Dogecoin ecosystem has also increased.

The rounding pattern has been forming for several months. The smooth upward curve resembles what traders call a parabolic phase setup. This structure appeared before previous Dogecoin surges.

The steady recovery and consistent higher lows show that the token is holding support levels. Sellers appear to be losing control. Buyers are stepping in at progressively higher prices.

The post Dogecoin (DOGE) Price: Whales Drop $134 Million as Chart Pattern Hints at Potential Rally appeared first on CoinCentral.

Also read: Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve
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