Here’s Where Dogecoin Whale Movements Are Taking Its Price

Key Insights:

• Dogecoin price eyes 92% breakout as whales move 478 million DOGE.
• Analysts predict a potential 93-day rally, with DOGE possibly jumping 150%.
• DOGE price must clear $0.1661 or risk a drop to $0.1411.

The Dogecoin price has been on a wild ride lately, and the charts reveal the meme coin that started as a joke could soon explode to new highs. DOGE whale activity has increased, further fueling speculations of a breakout in the coming weeks. Will DOGE price rally higher or tank lower?

The price of DOGE has dropped 0.1% in the last 24 hours to trade at $0.1552 as of 11:56 a.m. EST on a 2.2% decline in trading volume to $682 million.

Big Players Are Moving Dogecoin

On April 17, 2025, Whale Alert reported a massive transfer of over 478 million DOGE (~$72.9 million) between unknown wallets. That’s a chunky move, even for a coin as volatile as Dogecoin.

When large investors move coins like this, it often signals big intentions. These whales could either be stacking for a pump, or offloading before a dip?

Nevertheless, historically, when whales moved this much DOGE, it can lead to price swings as smaller traders reacted to the momentum. The timing of this transfer also aligns with Dogecoin price action, which is showing signs of breaking out to the upside.

Dogecoin Price Entering 93-Day Bull Run?

Crypto analyst Trader Tardigrade posted about DOGE breaking out of a key resistance level, and predicted that the meme coin is entering “a 93-day” bull run. He pointed out that the coin’s volume is spiking, a sign of strong buying pressure.

Further he noted that at its current price, Dogecoin has been further squeezed within a triangle, which usually indicates a potential precursor to a significant price movement.

Meanwhile, another prominent crypto analyst Javon Marks chimed in with some more bullish outlook, predicting DOGE could skyrocket more than 150% back to $0.40 after an “absolutely huge regular bullish divergence” appeared on the Dogecoin chart.

The sentiment on X is overwhelmingly bullish, with traders hyped about DOGE’s potential to reclaim higher levels. While X can be an echo chamber, the combo of whale activity and trader hype suggests DOGE might be gearing up for a breakout—unless the bears come to crash the party.

DOGE Price Is at a Critical Junction

The 12-hour DOGE/USDT chart shows the meme coin trading at $0.1553, with a slight dip of 0.4% in the last 24 hours.

The king of meme coins faces a robust resistance around the 50-day Simple Moving Average (SMA) at $0.1661, and the 200-day SMA at $0.2381.

Additionally, Dogecoin is also approaching a falling trendline resistance that’s been suppressing its upside since early 2025. If DOGE can break above this line, it could see a push toward the next resistance at $0.3213, as marked on the chart.

On the flip side, if the bears gain more power, there’s support around $0.1411 and a stronger floor at $0.1373.

There is potential for a comeback if buyers intervene, since the relative strength indicator (RSI), which is neutral at 45.76, is trending toward oversold territory. The bullish argument is supported by the Chaikin Money Flow (CMF) at 0.02, which likewise exhibits modest purchasing pressure.

Where Is DOGE Headed Next?

The large DOGE supply movement suggests big players are positioning for something big, and the chart shows DOGE at a make-or-break moment. A breakout above $0.1661 and $0.1880 could send it toward $0.3100. But if Dogecoin can’t break the trendline resistance, it might pull back to $0.1411 or lower.

While the market sentiment is leaning bullish, DOGE is known for its wild swings, so market participants should remain cautious, keeping an eye on those whale wallets and the 50-day SMA level.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.