Recent cryptocurrency market activity has seen a significant interest in Dogecoin (DOGE) as whales have been actively accumulating the meme coin.

This trend has seen the attention of cryptocurrency expert Ali Martinez, who presented his technical analysis of Dogecoin and whale wallet data in a graphical explanation. A rounded bottom pattern is nearly complete on the DOGE chart, which is being completed alongside huge accumulations from whale wallets.

This signals that DOGE has strong potential for a breakout in the approaching market period.

Chart 1- DOGE/USDT 4-hour, provided by BitGuru, published on X, April 28, 2025.

As seen from the visual information by Santiment, which was documented by Ali Martinez on X, wallets which hold between 1 million to 10 million DOGE have seen a substantial increase. The visual information showcases wholesale accumulation of DOGE since February 2025, which accelerated massively in the last week of April 2025.

The price movement of DOGE tracked the whale accumulation as it rose from $0.145 to $0.176 during a bull market phase.

“Whales bought 100 million #Dogecoin $DOGE in the past week !

Crucial to note the breakout potential with volume and buyers increasing as we approach the round-bottom pattern.

This level of accumulation at this price point is HUGE and signals a breakout is imminent. ”

The technical analysis presented by BitGuru on the 4-hour chart of the DOGE/USDT pair shows that the meme coin is approaching the completion of a rounded bottom pattern. This is a bullish indication of a potential reversal from a long-lasting price downtrend.

The volume is increasing throughout this pattern, which is another sign of a strong rally to follow. Finally, the analysis shows that the price is showing signs of breaking out from its resistance barrier.

After April 21, when whales began buying, the price of DOGE has seen a sustained rise. It has reached and held above $0.17 as it shows strength during its weeks of consolidating in this market phase.

The main challenge will be for DOGE to break through its resistance levels, which are at $0.18, to move beyond.

Technical Indicators Support Bullish Outlook

Combining volume metrics with on-chain analysis is crucial to interpreting the patterns. The visual data and network activity show that DOGE has an upward tendency during this period.

This signals that the meme coin could reach and assess the resistance levels at $0.20 and higher in the coming weeks.

Dogecoin is known for being a community-driven cryptocurrency, and its price is often influenced by the actions of its fans and supporters.

Recently, there has been a renewed interest in Dogecoin from retail traders, who are