Dogecoin News: Dogecoin Whales Scoop 158M DOGE as Price Eyes $0.36

As indicated by on-chain data, Dogecoin whales have bought over 158 million DOGE in recent trades. According to Dogecoin news, the growth is in wallets with a balance between one million and ten million DOGE, implying that big institutions are accumulating exposure.

More so, the accumulation of whales in such large numbers has historically occurred before strong moves, reducing the number of remaining tokens in the market.

Dogecoin News: Whale Accumulation Surges

Notably, major investors have increased their buying of Dogecoin, with over 158 million DOGE being consolidated within the recent sessions. Analyst Ali suggested that the growth indicated an increase in the number of addresses with one million to ten million DOGE.

This increase in the size of mid-sized whales’ wallets is usually linked to increased confidence among investors who tend to invest when anticipating huge rallies.

The most recent trend follows a number of weeks of cumulative build-up. On-chain graphs verified that the range of addresses has received regular deposits, proving that large buyers are positioning.

Moreover, the removal of these liquidity holders immediately makes fewer tokens available for trading. This condition has usually been the basis of increased upward price pressure in past cycles.

DOGE Price Action Near $0.29 Resistance

Currently, the Dogecoin price is near a big resistance range of approximately $0.29. Analyst Ali Martinez noted that this level faced rejection in several rallies since March and became a critical ceiling to the token. Recent price action shows the meme coin near $0.28, suggesting bulls are once again testing the barrier.

Martinez explained that a daily close above $0.29 would be required to clear this resistance. Breaking through could open the door toward $0.36, the next historical level that has previously attracted profit-taking.

Such a move, if sustained, would make the case for a further upward surge in the weeks ahead. Nevertheless, the frequent rejections will likely continue consolidating price movement in the support band of $0.24-$0.26.

Additionally, in case Dogecoin overcomes resistance at $0.29 and reaches the next target, the second upside target will be around the level of $0.45. According to Martinez, this zone is a psychological landmark and a level where previous peaks were created.

Meanwhile, a prolonged purchase of over $0.36 would provide a better technical position. Historical charts show that Dogecoin rallied after crossing similar resistance points in the past. Analysts continue to emphasize the importance of holding above the $0.24–$0.26 range if the $0.29 level rejects price again.

Multi-Year Accumulation Cycles

Broader charts show Dogecoin followed multi-year accumulation cycles, often concluding with steep rallies. Analyst Tardigrade presented a four-week chart showing extended sideways channels followed by sharp breakouts. These periods of accumulation group price fluctuations together into triangular formations before demand outgrows the supply and price moves rapidly.

Moreover, this Dogecoin news framework is historical. Other cycles occurred around 2017 and between 2020 and 2021, with both ending in massive rallies after months of consolidation.  The 2024-2026 model is structurally identical, except the smaller descending and ascending triangles are within a larger range.

This repeating technical symmetry suggests the present phase may precede a substantial expansion again.

Analyst Warnings and Long-Term View

Tardigrade encouraged investors not to ignore the potential these cycles may have, citing previous rallies. His projection curve suggested this may be facing the last accumulation of the market before another significant upswing is recorded.

Although technical analysis does not guarantee results, the historical trends prove that accumulation can be followed by growth.

REX-Osprey launched the first U.S. spot Dogecoin and XRP ETFs in other Dogecoin news. The products, trading as DOJE and XRPR, will operate under the 40 Act to provide institutional investors with direct spot exposure. This move positions REX-Osprey ahead of other pending 33 Act filings.