Dogecoin Rally Incoming? Whales Buy 150 Million DOGE
Dogecoin (Doge) is the world’s largest and most popular Meme Coin, which has attracted the attention of crypto whales and investors due to its attractive price range. Crypto whales have purchased 150 million Manogs in the past three days, according to data from Chain Analytics.
Crypto whales purchased more than 150 million
A large purchase occurred when Doge merged near the critical support level of $0.185. Furthermore, this suggests that whales and investors are taking advantage of current market sentiment and bearish price action to accumulate tokens despite concerns about further price drops.
https://twitter.com/ali_charts/status/1897700900957103837293
Current price motivation
Doge is currently trading at $0.19, down more than 8% in the past 24 hours. During the same period, its trading volume increased by 50%, indicating an increase in traders and investors’ participation and reflecting the bullish outlook for the community.
Dogecoin (Doge) technical analysis and upcoming levels
According to Coinpedia’s technical analysis, Doge is merged on a tight range, with the current support level of $0.185. Based on recent price action and historical momentum, if it breaks through the merger and closes the $0.21 above the daily candle, the meme coin is likely to increase by 20% to $0.25 in the next few days.
In addition, Doge’s relative strength index (RSI) is close to 35, indicating weak momentum, which may be a key factor in the ongoing struggle of Meme Coin.
Doge worth $43 million outflow
Another factor that has attracted attention among crypto enthusiasts is the continuous outflow of Doge tokens from communication. Data from Chain Analytics Small shop Revealed that since February 2025, the exchange has witnessed a consistent outflow, indicating the potential accumulation of long-term holders and investors.
Additionally, the data suggests that the exchange has seen $43 million worth of Doge outflows in the past 48 hours, suggesting that the recovery of Meme Coin may soon be supported.
When combining all of these chain-chain indicators with technical analysis, it appears that investors are bullish on meme coins, but in shorter periods, the market may see more corrections.
