Dogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level
- In 2025, Dogecoin is experiencing increased buying pressure from whales, recovering from a yearly low of $0.146 reached two weeks prior, despite broader market volatility.
- This accumulation saga followed a period where Dogecoin plunged to $0.146, with investors buying the dip, anticipating price gains.
- Over the past two weeks, wallets holding between 1,000,000 and 10,000,000 DOGE tokens accumulated over 200 million tokens, worth approximately $38.70 million, while large transactions spiked 41.12% in 24 hours, suggesting high whale interest.
- Crypto analyst Ali Martinez highlighted this accumulation on X, noting that Dogecoin is trading within an eight-year uptrend channel characterized by higher highs and higher lows since 2015, also revealing that whales acquired 200 million coins over the past two weeks.
- Dogecoin's future trajectory hinges on maintaining support around $0.16, a pivotal level that could trigger a rally towards the channel's mid-range and potentially the upper boundary , although failure to hold this level could lead to further declines, even with institutions filing for a potential DOGE ETF.
20 Articles
20 Articles
Dogecoin Whales Accumulate 200 Million DOGE Amid Market Volatility, Memecoin Rebounds 32% From Yearly Lows
Wealthy investors amped up their Dogecoin (CRYPTO: DOGE) purchases over the last two weeks, accelerating the meme coin’s recovery from recent lows. What Happened: In an X post on Tuesday, influential cryptocurrency analyst and trader Ali Martinez highlighted that over 200 million DOGE tokens, worth $38.70 million at current prices, have been accumulated in the past two weeks, indicative of their long-term conviction in the coin despite fluctuati…
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