Dogecoin Eyes Breakout at $0.25–$0.26 Resistance as Whales Accumulate

Dogecoin faces significant resistance between $0.25 and $0.26. A successful breakout from this level could potentially trigger a new bull run.

Whale wallets accumulated over 1 billion DOGE in a single month, indicating strong accumulation and heightened market interest. On-chain data reveals increased transaction volume and active addresses, signifying growing network activity.

Currently trading at $0.2231, Dogecoin is paused below a key resistance zone. The $0.25–$0.26 range represents a crucial threshold. Analysts closely monitor this area, believing a breakout could signal a renewed upward trend for the meme cryptocurrency.

Key Resistance Zone Impacts DOGE Price

Analyst Ali Martinez highlights the $0.25–$0.26 zone as a major resistance level since early 2025. Following a loss of this level in January, Dogecoin has struggled to regain it. Previous attempts in February, March, and May all failed, despite briefly touching $0.28 before retracing. In May, Dogecoin approached this resistance again but ultimately closed lower at $0.2276.

Multiple rejections at this price point indicate persistent selling pressure. Martinez notes that "A breakout above this area could initiate a new bull run," recommending preparation for such a breakout rather than reacting afterward.

On-Chain Metrics Show Whale Accumulation and Increased Activity

Data analyzed by Martinez shows increasing market participation. From mid-April to mid-May, Dogecoin's transaction volume surged, peaking near $1.07 billion around May 10th. Whale transactions exceeding $1 million also increased significantly, suggesting heightened interest from large holders.

Source: Ali Martinez (X)

Daily active addresses spiked to almost 69,000 on May 13th, reflecting substantial user activity. Martinez also observed that whales acquired over 1 billion DOGE in the past month, increasing their total holdings to approximately 25.97 billion.

Source: Trader Tardigrade (X)

Trader Tardigrade (X) observed that DOGE recently rebounded from the 0.382–0.5 Fibonacci zone on the H4 chart. This was followed by price consolidation, potentially setting the stage for a more substantial price movement.