- Whales shift holdings, impacting Dogecoin’s support at $0.18 and overall market stability.
- New addresses surge, signaling growing adoption despite market uncertainty and resistance levels.
- DOGE must hold $0.18–$0.20 to confirm momentum and target $0.25 resistance.
Dogecoin bulls are locked in a battle. Buyers stepped in at $0.18, preventing a deeper drop. However, resistance levels remain a major challenge. Whale accumulation and rising adoption signal strength, but profit-taking threatens to stall momentum. With DOGE hovering near a critical level, traders face a tough question. Will buying pressure hold, or will volatility send prices tumbling? The answer depends on whether accumulation outpaces distribution.
Whale Activity Shapes DOGE’s Future
Large holders are driving DOGE’s price action. Last year, three wallets holding over 100,000 DOGE fueled a rally to $0.48 by injecting billions. Those same wallets have now switched strategies. Aggressive selling has weakened key support levels, making a recovery harder. But another whale group has entered the scene. Wallets holding between 100 million and 1 billion DOGE scooped up an extra 1 billion tokens when prices hit $0.18.
This shift in ownership could help stabilize the market, keeping bears from gaining control. New investors are also piling in. Dogecoin addresses jumped from 73 million to 83.50 million since the post-election rally. Over 35,000 new wallets appeared during the drop to $0.18. That surge in participation signals confidence despite market uncertainty.
Will DOGE Rise Higher?
Rising adoption and fresh accumulation suggest strength, but resistance zones must be broken for bulls to take control. Dogecoin’s On-chain data suggests a bullish setup, yet market conditions remain unpredictable. Dogecoin’s recent jump to $0.2140 aligns with broader capital inflows, but trading volume has dipped by 20%.
With profit-taking ahead, the next few days could decide the trend. Holding the $0.18–$0.20 support zone is crucial. A successful retest could set the stage for another rally. If whale accumulation strengthens, fresh capital enters, and buying pressure remains high, DOGE could push toward $0.25.
For now, bulls have the momentum and are dominating DOGE’s market, but resistance zones stand in the way. If strength fades, bears will step in. Dogecoin stands at a turning point, where conviction will decide the next move.
