Dogecoin Price Coiling for a Monster Move – Are Whales Betting on $5 DOGE?

Dogecoin (DOGE) has climbed 6% over the past 30 days and is currently holding strong at $0.1800 – but the real story lies in what’s happening behind the scenes.

On-chain data shows whales are aggressively accumulating DOGE following a bullish breakout above key EMAs, hinting at a major move in the making.

Popular crypto analyst Ali Martinez , who has over 136,000 followers on X, revealed that whales snapped up 100 million DOGE in just one week – a staggering $15 to $18 million investment that signals rising confidence in a much bigger rally ahead.

DOGE is the dominant force in the meme coin category with a market cap of $27 billion that accounts for nearly 50% of the market value of this entire segment.

Hence, Dogecoin is to meme coins what Bitcoin (BTC) is to all cryptocurrencies.

Whale accumulation is typically considered a bullish signal as these deep-pocketed investors are often referred to as the ‘smart money’.

Their behavior often reflects what institutional players think about the market’s outlook. Hence, this buying spree supports a bullish Dogecoin price prediction .

Trading volumes in the past 24 hours have increased by nearly 20% as DOGE experienced a 1.7% uptick following the release of a positive non-farm payrolls report in the United States.

Dogecoin Price Prediction: DOGE Eyes Breakout as Whales Accumulate and Bullish Signal Nears

The daily chart shows that DOGE formed a textbook double bottom at $0.1400, then surged with conviction, breaking above its 21-day exponential moving average (EMA) on strong volume.

Since then, price action has continued to respect this key level, with momentum indicators flashing increasingly bullish signals.

The Relative Strength Index (RSI) remains above the signal line, while the MACD histogram is gaining strength once again – both suggesting upward pressure is building.

DOGE now looks poised to retest the $0.2200 level and challenge its 200-day EMA – a key technical line that often determines longer-term trend direction.

A bullish crossover between the 21-day and 200-day EMA would confirm a powerful buy signal. The last time this happened was in October, and DOGE went on to rally 224% within just a couple of months.

With whale accumulation rising and broader sentiment improving, a run to $5 may sound ambitious, but in crypto, especially with growing DOGE adoption, anything is possible.

As the market’s outlook improves, the most promising crypto presales of the year like Fantasy Pepe (FPEPE) could outperform well-established tokens like DOGE.