Crypto whales have ramped up their Dogecoin (DOGE) holdings, buying 150 million tokens in just three days. Market intelligence platform Santiment revealed that large investors see DOGE as an attractive buy at current prices. This massive purchase happened while DOGE hovered around the key support level of $0.185.
DOGE Price Movement and Market Activity
DOGE currently trades at $0.19 after an 8% drop in the last 24 hours. Despite the decline, trading volume surged 50%, showing strong market interest. Increased trading suggests that investors remain confident in DOGE’s potential price recovery.
24- hour price chart. Source: CoinMarketCap
A top crypto news source reports that DOGE remains in a tight range, struggling to break out. If DOGE surpasses $0.21 and closes above it on the daily chart, analysts predict a 20% increase, pushing the price to $0.25 soon.
Related article: DOGE Price Plummets: What’s Next After a Month-Long Downtrend?
The Relative Strength Index (RSI) sits at 35, signaling weak momentum. This low RSI indicates DOGE is struggling to gain upward traction. However, buyers could step in if market sentiment shifts.
DOGE Outflow from Exchanges Signals Long-Term Holding
Data from Coinglass shows significant DOGE withdrawals from exchanges since early February 2025. Investors move tokens off exchanges when they plan to hold long-term. In the last 48 hours, $43 million worth of DOGE left exchanges, reinforcing bullish sentiment.
Related article: Dogecoin Sell Signal Issued! Price Could Crash to $0.144 – Should You Exit?
Large investors continue accumulating DOGE, expecting a price surge. While short-term fluctuations remain possible, whales signal confidence in DOGE’s future.
If market conditions improve, DOGE could rebound strongly. Now, investors wait to see if DOGE breaks out of its slump and heads upward.
