Dogecoin Sees 310M Whale Accumulation as Price Stabilizes Above $0.2112 Support Zone

Whale wallets accumulated 310 million DOGE in 24 hours, despite a 4.7% weekly price decline.
DOGE is trading at $0.2247, with key support at $0.2112 and indicators showing neutral momentum (RSI at 59.25).
MACD and whale transactions align with repeated price action near strong liquidity zones, reflecting structured market behavior.

Dogecoin has seen significant whale accumulation in the past 24 hours. On-chain data reveals that large holders purchased 310 million DOGE, even as the price experienced a 4.7% dip over the past week.

At the time of writing, the token was trading at $0.2225, with its key support level holding at $0.2112. This level has repeatedly acted as a stabilizing force for the asset. Market attention is now focused on whether this support can withstand recent sell-offs and stimulate further liquidity.

DOGE Trading Range Holds Steady as Indicators Show Neutral Momentum

DOGE's 24-hour high reached approximately $0.2249, positioning it slightly above the established support. This trading range suggests ongoing efforts to stabilize short-term price movements. The Relative Strength Index (RSI) is currently at 53.69, indicating a neutral market position.

Source: TradingView

The Moving Average Convergence Divergence (MACD) line reads 103.89M, with the signal line closely following at 96.71M. The proximity of these lines reflects contained momentum that traders are closely monitoring.

Notably, DOGE’s market capitalization currently stands at $33.77 billion. This figure aligns with broader trends in trading volume and corroborates the recent activity observed in whale transactions. These purchases coincide with prior price behavior, which showed a gradual shift near critical levels before a significant reaction.

Whale Accumulation Concentrates Around Key DOGE Support Level

The recent acquisition of 310 million DOGE by large holders corresponds to activity near the $0.2112 support level. This zone has been tested several times in recent months, solidifying its importance. Whale transactions often align with areas of strong liquidity, and this instance appears consistent with that pattern.

Moreover, DOGE’s price structure has consistently demonstrated interaction between support and resistance levels. The asset’s previous movement around $0.2249 highlights the same dynamics currently being observed. Analysts note that this recurring pattern has evolved in conjunction with whale behavior, providing context to the recent market positioning.

Indicators and Whale Activity Shape DOGE’s Range

RSI, MACD, and market capitalization collectively depict DOGE’s current state. Each metric aligns with price activity centered around the $0.2247 level. While the token has remained within its range, these indicators offer valuable reference points for assessing its near-term strength.

Furthermore, whale transactions totaling 310 million DOGE reinforce this structured environment. With price action hovering near a tested support area, the market continues to reflect coordinated trading flows associated with major holders.