Dogecoin's price rose to $0.1304 on Tuesday, marking a 1.39% daily increase. Over the past 24 hours, major investors—known as whales—purchased 138 million DOGE, signaling renewed optimism in the meme coin’s potential. The price now appears to be targeting a breakout above the key resistance level of $0.15 as bullish momentum begins to form.
This Dogecoin recovery coincides with a broader market rebound. The global crypto market grew by 0.7% on Tuesday, showing signs of renewed buying interest despite ongoing macroeconomic concerns. Bitcoin is aiming to break through the $90,000 barrier, while Ethereum hovers around $3,000.
Other major altcoins such as XRP, Solana, and BNB also posted modest gains. Analysts believe that elevated whale activity could support a continued Dogecoin price rise—provided market sentiment remains positive.
DOGE Whales Scoop Up 138 Million Tokens in 24 Hours
According to data shared by a crypto investor on platform X (formerly Twitter), over 138 million DOGE were purchased in a single day by large holders. This surge in whale accumulation often indicates a bullish outlook and renewed market confidence.
Such a large-scale move may reflect expectations of upcoming catalysts or optimism about potential returns. Historically, whale accumulation precedes either strong upward or downward price action. In this case, market watchers are speculating on a bullish breakout.
Analytics platform Glassnode notes that the share of DOGE supply held in profit is declining, suggesting mixed market conditions. The 7-day moving average shows that fewer holders are currently in profit compared to previous market peaks.
This pattern often signals a period of consolidation or correction—followed by renewed upward momentum.
Dogecoin Holds $0.13, But Breakout Attempts Face Resistance
DOGE is trading near $0.130, under sustained selling pressure on the 4-hour chart. The price has repeatedly failed to break through the resistance level at $0.14, maintaining a structure that confirms the long-term bearish trend.
Key technical indicators reflect this:
🔹 MACD remains below the signal line – indicating no strong bullish follow-through
🔹 Histogram shows shallow bars – pointing to price consolidation rather than reversal
🔹 RSI remains weak around 37 – not in oversold territory, suggesting lack of buying momentum
Key Levels to Watch
🔹 Resistance: Immediate resistance is at $0.14. A breakout above this level could open the door to testing the $0.15 range.
🔹 Support: The $0.13 level has held multiple times. A confirmed breakdown could push DOGE toward $0.12—and if bearish momentum accelerates, $0.115 may become the next target.
Summary
Dogecoin currently stands at a crossroads. Whale accumulation hints at growing interest, but technical indicators show no clear sign of reversal yet. A breakout above $0.14 could spark a move toward $0.15 and beyond. However, failure to hold key support levels may lead to further downside in the short term.
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