Dogecoin (DOGE) Whales Have Been Amassing DOGE Coins Ahead of Potential Market Bounce

Crypto whales have been showing interest in Dogecoin (DOGE) at a key support zone.

There is speculation that crypto whales are becoming interested in DOGE at this current price as they are known to move the market.

According to a top crypto expert and on-chain analyst, Ali_charts, has taken to his X account to suggest that DOGE whales have been amassing much Dogecoin (DOGE) in the last 24 hrs.

"Whales have been accumulating a lot of DOGE in the last 24hrs at this key support zone. If this support holds, expect a bounce towards 0.17, else we might retest 0.12 with a lot of reaction expected from this zone. A break above 0.3 will be crucial for the next move towards 0.75."

If the price of DOGE bounces to the upside from a region of $0.17, he expects a price rally from this zone towards $0.27, giving many whales the opportunity of a lifetime.

"Many have missed out on the opportunity to buy dips in DOGE at 0.15. If this support holds and we get a bounce towards 0.17, expect a move towards 0.27, giving those who missed out the opportunity to join the ride at higher prices."

The overall market sentiment for Dogecoin (DOGE) remains bullish despite current uncertainties in the crypto market, as crypto experts speculate $1 or more before the end of 2025.

However, with the potential for a bearish death cross to play out on the daily timeframe, and the price of DOGE currently trading around the key support zone of $0.15, we can expect to see much reaction from this zone.

A bearish death cross-over of the 50-day and 200-day EMAs would mean strong bearish dominance for DOGE price as the price could see a major sell-off into a region of $0.1 to $0.12 acting major demand zone in the past months before a rally to a high of $0.45.

If the price of DOGE holds its support, followed by a potential break to the upside trading above $0.3, we could see the price of DOGE resume its strong bullish price action to the upside and a potential rally towards its region of $0.75 acting at its all-time resistance for price.

The current market decline is not peculiar to DOGE but has affected the entire crypto market, and as such, the market looks exhausted. A rebound to the upside is expected for many crypto assets, including Bitcoin (BTC).