Dogecoin (DOGE) Whales Accumulate 800M Tokens as Analysts Predict 300% Breakout Rally

Sean Williams
Dogecoin (DOGE)

Dogecoin (DOGE) is back in the spotlight after a fresh wave of whale accumulation and growing bullish sentiment among top crypto analysts. Despite a bearish start to April, DOGE has rebounded with renewed investor interest, currently trading near $0.16 with a market capitalization of $23.7 billion.

According to on-chain data from analyst Ali Martinez, whales have purchased over 800 million DOGE—worth roughly $128 million—in just two days. This aggressive accumulation hints at rising confidence in an impending upward move.

Technical analyst Alan told his 72,000 followers on X that DOGE is mirroring previous price patterns on the MACD and RSI indicators—setups that historically preceded strong rallies. He believes a breakout could happen “soon,” as the coin consolidates near a key level.

Data from Coinglass shows the open interest-weighted funding rate for DOGE has started climbing, signaling renewed optimism among leveraged traders. However, overall open interest has remained flat since February, indicating broader market participants remain cautious.

DOGE OI-Weighted Funding Rate | Source: Coinglass

On the daily chart, DOGE’s MACD is still technically bearish, with the signal line above the MACD line. Analysts argue that a bullish crossover—especially one backed by volume—could quickly change market sentiment. Meanwhile, the Relative Strength Index (RSI) sits at 45, showing mild bearish pressure but leaving room for a potential rebound.

Volatility appears to be increasing as the Bollinger Bands widen. DOGE is currently testing the mid-band (20-day SMA) around $0.16. Holding this level could spark a move toward the upper band near $0.189, while a drop below the lower band at $0.148 may lead to deeper pullbacks.

Notably, popular chartist Javon Marks pointed out that DOGE is aligning with a historical bi-weekly pattern that previously led to explosive gains. He predicts a potential surge of 200–330%, which could drive the meme coin past its all-time high of $0.73.

With whale activity heating up and analysts leaning bullish, DOGE could be gearing up for its next major move.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: Dogecoin Price Prediction: Analysts Eye $0.29 Breakout as Bullish Momentum Builds

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