Whales Accumulate 310M DOGE in 48 Hours Amid Bullish Setup

310M DOGE Accumulated by Whales in the Last 48 Hours

• 130M DOGE acquired in the last 24 hours alone
• Accumulation hints at bullish reversal near key support

Whales Scoop Up 310M DOGE: Bullish Reversal Ahead?

Dogecoin is once again garnering attention as on-chain data reveals significant whale activity. In just 48 hours, these large holders have accumulated 310 million DOGE, valued at over $73 million. Notably, 130 million DOGE of this total was acquired within the last 24 hours, indicating growing conviction among major investors.

These whale wallets, typically holding between 100 million and 1 billion DOGE each, are known for making strategic moves around key support levels. This recent surge in accumulation coincides with Dogecoin hovering around the $0.22–$0.24 range, a zone that analysts have identified as a crucial support level.

This behavior suggests that whales are anticipating a potential price reversal or breakout, particularly as technical indicators begin to align with a bullish outlook.

Support Holding, Whales Accumulating

Analysts are observing a possible double-bottom pattern forming near $0.23. If this level continues to hold, a breakout could propel DOGE to test resistance levels around $0.26, followed by $0.31 and beyond.

The accumulation also follows a decrease in exchange reserves, with more DOGE being moved to cold wallets – a classic indicator of long-term holding. Historically, such off-exchange activity often signals reduced selling pressure and the potential for price appreciation.

Underpinning this momentum is the broader resurgence of interest in altcoins, with whale behavior playing a significant role in shaping market trends.

Market Watch: What’s Next for DOGE?

While whale accumulation alone doesn’t guarantee a price increase, it generally reflects confidence from large investors who are anticipating future gains. If DOGE maintains its current support and the overall sentiment in the cryptocurrency market remains positive, Dogecoin could experience further upward movement.

Key levels to monitor:

• Support: $0.22 – $0.23
• Resistance: $0.26, then $0.31
• Volume Spike: Could validate the breakout if accumulation continues

Currently, whale wallets are clearly positioning themselves for a potential upside, and retail traders may find it beneficial to closely observe these signals.