Dogecoin’s Whale Activity and Technical Analysis
Dogecoin is experiencing a significant surge in interest from major investors, with large holders, often referred to as “whales,” significantly boosting their portfolios. According to the on-chain analytics provider Santiment, wallets containing between 100 million and 1 billion DOGE have seen a remarkable increase in their balances. This recent buying spree is among the most noteworthy in recent weeks, indicating a strategic accumulation by these large investors.
Whale Accumulation Driving Dogecoin’s Price Surge
This trend in whale activity has coincided with Dogecoin’s price movement from $0.26 on September 15 to briefly surpassing the $0.28 mark by September 18. Such activity strongly suggests that the actions of these influential investors have played a pivotal role in Dogecoin’s recent price rally.
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Whales Accumulate Nearly 1 Billion DOGE
Data from Santiment highlights that investors holding between 100 million and 1 billion DOGE have collectively increased their holdings from 26.48 billion DOGE on September 15 to 27.39 billion DOGE by September 19. This accumulation of approximately 910 million DOGE, equating to over $250 million at current prices, underscores a strategic move by these investors.
Typically, when whales increase their holdings, it signals a growing confidence in the asset and simultaneously reduces the available liquidity in the open market. The timing of these purchases indicates a calculated strategy to accumulate as Dogecoin tested a local price support at $0.26.
When whales purchase substantial amounts of Dogecoin, it not only decreases the available supply but also tends to encourage smaller investors to follow suit. This large-scale accumulation had a direct impact on Dogecoin’s price, with a notable increase from $0.26 to over $0.28 between September 15 and 18, reflecting an almost 8% rise in just three days.
Interestingly, this rally was driven primarily by whale activity, as Santiment data shows a decrease in holdings among addresses with between 10 million and 100 million DOGE.
Technical Analysis of Dogecoin
The future trajectory of Dogecoin’s rally will hinge on its ability to maintain its position above the $0.28 level. A bullish technical analysis, which aligns with the recent whale accumulation, suggests that Dogecoin is poised for potential new all-time highs.
Market Insights from Crypto Analysts
Renowned crypto analyst, Trader Tardigrade, has pointed out that Dogecoin’s weekly chart has broken out of a long-standing symmetrical triangle pattern. The recent candle close confirms this breakout, presenting a lucrative 1:29 risk-to-reward trading opportunity.
This symmetrical triangle formation indicates a continuation of the strong trend, following a series of higher lows and lower highs since September 2025, which now appears to be resolving upwards. Trader Tardigrade forecasts a potential rally that could drive Dogecoin beyond its current all-time high, with a predicted surge to as much as $1.7 if the breakout unfolds as anticipated.
Conclusion
As Dogecoin continues to capture the interest of major investors, the market is closely watching its price movements and technical patterns. The ongoing whale activity and bullish technical indicators suggest a promising outlook for this popular cryptocurrency.
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