DOGE Surges 10.3%—Will This 200M Whale Accumulation Push It to $0.25?

Institutional investors have purchased over 200 million DOGE, signaling anticipated future price increases. A successful break above current levels could propel Dogecoin towards $0.22-$0.25, while the $0.185 support level offers downside protection. Decreasing outflow coupled with rising inflow suggests potential upward momentum shifts in the market.

Recent weeks have witnessed significant accumulation of DOGE by large investors. Over the past two weeks, these investors acquired over 200 million DOGE, reflecting a growing confidence despite price fluctuations.

Dogecoin demonstrated strong market strength with a 10.3% surge in the last 24 hours. Its Bitcoin value also increased by 9.2% to 0.0002323 BTC, highlighting renewed investor interest and growing demand.

Source: CoinMarketCap

Dogecoin traded within a range of $0.185 and $0.2046 over the past 24 hours, indicating a wide trading zone. This price movement suggests buying at lower levels and resistance near higher values. Active buy interest is evident, with larger holders steadily accumulating Dogecoin, driving prices upward.

Whale accumulation exceeding 200 million DOGE has led many investors to anticipate potential growth. Major investors typically accumulate assets when they foresee further price appreciation or underlying fundamental strength. This substantial purchasing, particularly against a backdrop of market instability, suggests institutions and high-net-worth investors are seeking future profit opportunities.

Key Support and Resistance Levels

The current price pattern reveals key support and resistance levels impacting Dogecoin's movement. The $0.185 price area acts as crucial support, preventing further downward pressure.

The recent daily high of $0.2046 serves as a significant resistance level. A successful break above this level could trigger further gains, potentially pushing Dogecoin towards the $0.22 to $0.25 resistance band. A loss of bullish momentum might lead to consolidation around $0.19.

Dogecoin's Capital Shift: A Potential Trend Reversal?

DOGE Spot Inflow/Outflow data reveals minimal price changes between May and September. Netflow remained largely negative during this period due to the absence of significant price rallies.

Between December and February, a strong negative netflow contributed to price declines to the $0.20 level. Active selling by investors created downward pressure, reflecting bearish market sentiment.