Dogecoin Rises 4% on Spike in Whale Activity

Dogecoin is once again attracting attention, and this time it's because of the moves from major holders. In the past seven days, DOGE has seen a price boost driven by significant whale buying. Although the price has been relatively calm, market indicators point to a potential rise ahead.

Large Holders Are Accumulating DOGE

According to data from IntoTheBlock, wallets holding over 0.1% of all Dogecoin in circulation have boosted their net inflow by 112% in the past week. That means whales are buying more DOGE than they’re selling. When this figure moves into the positive, it typically signals accumulation, and right now, that’s exactly what’s happening.

Interestingly, this trend has emerged while the asset’s price has shown little movement, hovering around $0.17. Although it hasn’t seen the kind of breakout many traders hope for yet, whale accumulation often foreshadows a shift in market direction.

There are parallels here with previous cycles where whale activity preceded rallies. When large holders make moves, retail often follows, and that momentum can feed into significant price changes.

Futures Traders Show Steady Confidence

While spot trading remains quiet, Dogecoin’s derivatives market is showing a different trend. According to Coinglass, funding rates for DOGE perpetual futures are currently at 0.0026%. It’s a small figure, but it reflects steady demand for long positions—more traders are expecting the price to go up rather than down.

A positive funding rate doesn’t guarantee a price increase, but it’s a useful signal. When combined with accumulation by large holders, it suggests broader confidence. This kind of alignment between whales and leveraged traders often supports upward momentum.

Despite weak performance across many altcoins, DOGE has stayed relatively stable. The market may not be highly active, but investor conviction appears to be holding firm.

Can DOGE Reach $0.175 Soon?

With Dogecoin now trading near $0.1701, the next key level to watch is $0.175. If current accumulation trends hold and sentiment continues to shift, a breakout toward this level could materialize in the short term. It may not sound like a huge leap, but in tightly consolidating markets, even small movements often precede stronger rallies.

Should DOGE manage to push past $0.175, technical indicators suggest the next resistance could come into play around $0.206. That would mark a meaningful reversal from its recent sideways behavior. Of course, this hinges on continued buying pressure, particularly from whales and institutions. If that dries up, the price could just as easily slip back to the $0.148 support zone.

What makes this rally stand out is the lack of hype. There are no viral moments or sudden endorsements pushing it forward. It’s a steady pace of accumulation, often seen when long-term investors begin positioning ahead of bigger market moves.

What This Means for DOGE Holders?

The recent increase in Dogecoin’s price appears to reflect a subtle shift in market sentiment. This rise is mainly supported by large holders accumulating positions and positive funding rates, rather than by social media attention, as seen in previous surges.

While there’s no guarantee of an immediate breakout, the current setup suggests that DOGE may be gearing up for a shift. For now, $0.175 is emerging as the level to watch in the days ahead.