Dogecoin Price Outlook as Whales Snap Up 2 Billion DOGE in a Week
Dogecoin’s price has seen sharp moves in the past 24 hours. It briefly climbed above $0.25 before pulling back to around $0.237, marking a 3.7% drop for the day. Even so, it’s still up about 11.9% over the past week, showing a stronger upward trend overall. Behind the scenes, large investors—often called whales—have been actively buying up huge amounts of DOGE.
Whales in Action and Market Impact
In the last week alone, whales have bought roughly 2 billion DOGE, according to analyst Ali Martinez. This buying spree has been tied to sudden upward spikes in the price, suggesting these big players are either betting on a near-term rally or see the current price as undervalued. Whale activity can act as a floor that prevents deeper declines, or it can spark bigger bullish moves if momentum builds.
Bigger Picture: Signs of a Breakout Ahead?
While daily volatility grabs attention, the longer-term trend may be even more compelling. Analyst Tardigrade shared a chart showing Dogecoin’s multi-year price path, describing the period from mid-2020 to mid-2023 as a “Launch Readiness Box.” Historically, DOGE has tended to move through cycles of extended corrections, steady accumulation, and eventual breakouts to new highs.
Tardigrade believes the current setup looks a lot like past stages that led to massive rallies. If this pattern holds, Dogecoin could break past its previous records and potentially aim for levels above $5.
---
If you want, I can also rewrite this with a slightly more casual, news-blog style so it feels less like a report and more like an engaging crypto market update.