Dogecoin (DOGE) Price: Whales Are Buying the Dip – Should You Follow?

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The cryptocurrency market has recently rebounded from a period of heightened volatility, reclaiming a total market capitalization of $2.65 trillion with a 1.30% gain. Amid this recovery, Dogecoin (DOGE) is emerging as a standout performer, showing strong signs of resilience and potential reversal. Currently trading at $0.1614, DOGE has surged 3.64% over the past 24 hours, despite weekly and monthly declines of 17% and 34%, respectively.

This rebound follows a critical test of support at $0.143—a level that has historically acted as a market floor. The daily candle closed with a pronounced lower wick at $0.14297, signaling intense buying pressure and renewed confidence among investors at these discounted levels.

Signs of a Bullish Reversal

Technical indicators are increasingly aligning with a bullish outlook for Dogecoin. One of the most notable signals comes from the TD Sequential indicator on the daily chart, which has issued a confirmed buy signal. This pattern has preceded major price rallies in previous cycles, including the explosive moves seen in 2021.

Market sentiment is also being influenced by historical price behavior. Dogecoin has experienced three major corrections since October 2022. The first two retracements saw losses of approximately 64%, followed by explosive rallies of 300% to 500%. The most recent pullback of 66% closely mirrors these prior patterns—suggesting that DOGE may be on the cusp of another significant upward move.

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Whale Accumulation Signals Confidence

One of the most compelling pieces of evidence supporting a potential rally is the surge in whale activity. Over just 72 hours, large investors—commonly referred to as "whales"—accumulated 1.7 billion DOGE, valued at approximately $298 million, during the recent dip.

This strategic accumulation at lower prices is often a precursor to strong price appreciation. Whales typically have access to advanced analytics and macro-level insights, and their behavior suggests they view the current price range as undervalued.

Moreover, Dogecoin is currently trading near a long-term parallel support line—a level that held firm during both the 2017 and 2021 bull runs. The fact that price is respecting this zone again adds weight to the argument for a potential breakout.

Expert Price Predictions: From $2 to $5 and Beyond

While short-term movements are promising, long-term forecasts paint an even more ambitious picture. Analyst CryptoELITES recently projected that Dogecoin could reach $5, citing historical chart patterns and growing institutional interest.

Other experts echo this optimism. Lumen, a respected market analyst, suggests that if DOGE breaks above $0.20** before any major regulatory developments, it could quickly surge to **$0.50. Meanwhile, crypto strategist DOGECAPITAL has gone further, speculating that Dogecoin could reach $90 by the end of 2025 under ideal market conditions.

Even Dogecoin co-founder Billy Markus has weighed in, suggesting a realistic target of $2.30—a more than 500% increase from current levels. While these figures vary widely, they share a common theme: confidence in DOGE’s long-term trajectory.

ETF Approval: Delayed but Not Derailed

A key factor influencing investor sentiment is the status of Dogecoin ETFs. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on approving spot DOGE ETFs—a move that initially caused concern among traders.

However, industry experts remain optimistic. Nate Geraci, President of ETF Store, believes approval is likely inevitable, pointing to the successful launches of Bitcoin and Ethereum ETFs as precedent. Once regulatory hurdles are cleared, a DOGE ETF could unlock massive institutional inflows.

Even without immediate approval, the mere possibility continues to fuel speculation and investment interest. Historically, crypto assets have seen price increases in the months leading up to ETF decisions—suggesting DOGE could benefit from anticipation alone.

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Short Squeeze Potential on the Horizon

Another catalyst for a sharp price rise lies in the current derivatives market. As of now, over $29.15 million** in short positions are vulnerable to liquidation if Dogecoin climbs to **$0.2146.

A rapid price increase could trigger a short squeeze, forcing leveraged sellers to buy back positions at higher prices—thereby amplifying upward momentum. Given the recent whale accumulation and technical strength, such a scenario is becoming increasingly plausible.

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Frequently Asked Questions

What is causing Dogecoin’s recent price rebound?

Dogecoin’s rebound is driven by a combination of technical support holding at $0.143, strong whale accumulation, and bullish signals from indicators like TD Sequential. Market sentiment is also improving as investors anticipate future ETF approvals.

Are whales really buying Dogecoin?

Yes. Data shows that large investors acquired 1.7 billion DOGE—worth nearly $300 million—during the recent dip. Such activity often precedes significant price rallies, as whales typically buy when assets are undervalued.

What is the next price target for Dogecoin?

Many analysts point to $0.20 as the next immediate target. Breaking this level could open the path to $0.50 or higher. Long-term targets range from $2 to $5, with some speculative forecasts reaching $90 by late 2025.

Why was the Dogecoin ETF delayed?

The SEC has not provided specific reasons but typically delays decisions to request additional information or assess market risks. Delays are common and do not necessarily indicate rejection—Bitcoin and Ethereum ETFs faced similar timelines before approval.

Could Dogecoin reach $1?

Reaching $1 is possible if current bullish patterns continue and an ETF is approved. Given DOGE’s history of explosive rallies following deep corrections, a move to $1 would represent less than a 6x increase from current levels—within historical precedent.

Is now a good time to buy Dogecoin?

With whales accumulating, technical indicators turning positive, and regulatory clarity likely on the horizon, many investors view the current dip as a strategic entry point. However, as with any investment, risk management and personal financial goals should guide decisions.

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Final Thoughts

Dogecoin is showing all the hallmarks of a maturing asset—increasing institutional interest, measurable on-chain activity, and recurring technical patterns that suggest strong upside potential. While volatility remains inherent to crypto markets, the confluence of whale accumulation, ETF momentum, and historical price cycles makes DOGE one of the most watched memecoins heading into 2025.

Whether you're drawn by its cultural legacy or its financial potential, Dogecoin continues to prove it's more than just a meme—it's a market-moving force with real staying power.