Are Whales Fueling a Rally?

Whales added 4.72B DOGE in two weeks. With key ranges holding and ETF approval pending, Dogecoin might be getting into a brand new bullish section.

Over the previous two weeks, massive Dogecoin holders have added 4.72 billion DOGE to their wallets. The transfer has drawn consideration, as the worth of the OG meme coin has stayed largely unchanged throughout this era.

Market watchers are actually observing whether or not this regular shopping for might sign the beginning of a brand new upward development.

Giant Holders Improve DOGE Positions

Information reveals that wallets holding between 100 million and 1 billion DOGE elevated their whole holdings from roughly 27.6 billion to 32.4 billion tokens. This alteration suggests elevated exercise amongst bigger market gamers, also known as “whales.” The figures have been posted by analyst Ali Martinez, who tracked the modifications throughout these pockets teams.

4.72 billion Dogecoin $DOGE purchased by whales within the final two weeks! pic.twitter.com/9XGweARtBj

— Ali (@ali_charts) November 12, 2025

Regardless of this accumulation, the worth of DOGE has remained largely flat. On the time of writing, Dogecoin trades at $0.176, with a 24-hour buying and selling quantity of $2.01 billion. Over the previous seven days, it has risen by about 7%.

Key Ranges and RSI Motion Recommend Market Power

One other chart, shared by Dealer Tardigrade, shows DOGE returning to a assist zone between $0.16 and $0.17. This degree served as a powerful base earlier this 12 months and is now being examined once more. The worth seems to be holding on this space for now.

On the similar time, the Relative Power Index (RSI), a software used to measure momentum, has damaged via a downward development. This sign beforehand appeared in June, simply earlier than DOGE moved larger. If the present RSI shift results in stronger worth motion, merchants might even see the beginning of a brand new upward section.

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Moreover, on a broader timescale, charts shared by the identical analyst present Dogecoin buying and selling inside a rising channel throughout previous market cycles. Every one has included small worth breaks above the channel earlier than returning inside and later transferring larger. These patterns have been seen in each 2017 and 2021.

Presently, DOGE seems to be repeating this construction. It’s nonetheless throughout the channel, with brief bursts above it. Whereas this means it might be in a section of accumulation, a transparent breakout with robust quantity could be required for affirmation of any new development.

Greater Lows Proceed to Kind as Worth Builds Help

In accordance with a chart from Javon Marks, DOGE is continuous to kind larger lows. This can be a signal that the worth is being supported at more and more larger ranges. The chart additionally reveals the coin consolidating under its all-time excessive of over $0.70.

The put up suggests that, “as these Greater Lows (HL) maintain for $DOGE,” the asset might transfer towards a 311% achieve to achieve its earlier excessive. This setup relies on earlier cycles the place comparable constructions led to massive worth strikes.

Along with market exercise, the Bitwise spot DOGE ETF is now beneath a 20-day evaluation interval, as beforehand reported. If authorised, it will change into the primary Dogecoin ETF within the US market.