Whale Waves and a Bullish Pulse: Dogecoin Reawakens as Big Buyers Dive In

Whale Waves and a Bullish Pulse: Dogecoin Reawakens as Big Buyers Dive In

Dogecoin is making headlines again, and this time, it’s not just memes — it’s millions. According to crypto analyst Ali Martinez, the DOGE network has seen a surge in whale activity over the past 24 hours, with large holders snapping up over 230 million tokens. This follows the explosive buying spree on August 6th, when whales collectively acquired more than 1 billion DOGE in a single day — a network record.

But there’s more under the surface. Martinez points out that Dogecoin is now trading within a historically strong accumulation zone, a range that in past cycles has often triggered substantial rallies. True to form, DOGE is already showing signs of momentum, having jumped over 8%, recently breaking past a critical resistance level at $0.218.

Technical analysts are watching closely. DOGE has managed to stay above a key support range between $0.165 and $0.202, considered crucial for sustaining its bullish trajectory. Over the weekend, the token briefly dipped to $0.19, but buyers stepped in aggressively, averting a deeper correction.

The next big test? The $0.209–$0.22 zone — a historically pivotal area that has acted both as support and resistance. A decisive move above this level, especially with growing trading volume, could catapult DOGE toward the $0.28–$0.29 range — heights not seen in several months.