Dogecoin has been trading under pressure in recent weeks, with monthly losses sitting at around 4.61%. Despite that, the coin gained about 4.78% in the past 24 hours and was last seen trading near $0.09489.
The broader crypto market has been dealing with a risk-off mood tied to global events. DOGE has not been immune to that pressure, but some large holders appear to be using the dip to build their positions.
Between March 18 and March 21, 2026, large DOGE holders accumulated 470 million tokens. This buying happened while retail sentiment was weak, which is a pattern that has shown up before ahead of price reversals.
BREAKING: DOGECOIN WHALES ACCUMULATE 470 MILLION $DOGE IN 72 HOURS
Major wallet holders bought 470M $DOGE tokens over three days, fueling speculation about a potential rally to the $0.15 price target.
Whale accumulation often signals institutional confidence ahead of price… pic.twitter.com/cXtuDWx1WF
— BSCN (@BSCNews) March 21, 2026
Analysts following the data suggest DOGE could push toward $0.15 if this trend continues. That would represent a gain of roughly 67% from where the coin is trading now.
The timing of the whale activity stands out. Large holders rarely buy at scale without a reason, and doing so during a geopolitically driven downturn suggests they have some conviction in DOGE’s direction.
Separately, crypto analyst Ali Charts posted on X that 28 billion DOGE were transacted at $0.074, marking it as one of the most important support zones for the coin.
28 billion Dogecoin $DOGE were transacted at $0.074, making it one of the most important support zones. pic.twitter.com/7Nz77rfGuz
— Ali Charts (@alicharts) March 24, 2026
Derivatives data tells a more cautious story in the short term. According to CoinGlass’s DOGE liquidation map, $12.37 million in short positions are clustered at $0.0928. On the downside, $4.13 million in long positions sit at $0.0892.
The Long/Short Ratio currently stands at 0.9504, meaning short positions slightly outweigh longs. The gap is narrow, but the lean is toward caution.
That concentration of shorts near $0.0928 is worth watching. If DOGE pushes up to that level with enough momentum, those short positions could get forced out, which would accelerate any move higher.
On the chart, DOGE broke above a bearish trend line at $0.0935 and hit a high of $0.0957. It has since pulled back slightly. Key resistance levels sit at $0.0955, $0.0980, and $0.1020. If $0.0980 holds as support after a breakout, the next target would be around $0.1020, with $0.1050 and $0.1120 beyond that.
On the downside, support levels are at $0.0928, $0.0920, and $0.090. A break below $0.090 could send DOGE toward $0.0880 or $0.0865.
The post Dogecoin (DOGE) Price: Whales Just Bought 470 Million DOGE as Momentum Builds appeared first on CoinCentral.
