Dogecoin Price Prediction: Whale Accumulation Sets Up $0.25 Rally

Whale Accumulation Fuels DOGE’s $0.25 Breakout Setup

Dogecoin (DOGE) momentum is rising with an uptrend in chart patterns and the growth of whales. Analysts suggest that the meme coin is on the verge of a breakout as long-term holders consolidate their holdings. If the technical confirmation is aligned with the growing market sentiment, DOGE could spearhead a push to new price levels in the coming weeks.

Analyst Trader Tardigrade identified an inverse Head and Shoulders pattern on DOGE's 4-hour chart, a structure known for signaling bullish reversals after extended downtrends. The trend shows a reducing selling force as the token is about to break out above the neckline resistance at $0.2020. The right shoulder is nearing completion, with the price consolidating near the neckline, which suggests buyers' accumulation before a decisive move.

DOGEUSD 4H CHART | SOURCE: X

A breakout beyond this level could validate the trend reversal, activating purchasing momentum. This would confirm the transition from distribution to accumulation, providing traders with immediate targets between $0.2160 and $0.2180.

Further, analysts predict that the neckline will be retested once a breakout occurs before the surge continues.  The structure demonstrates the rising optimism as DOGE consolidates.

Whale Control Sets Stage for DOGE Rally

Analyst Cryptollica pointed out on-chain data showing that the top 1% of addresses control almost 97% of supply, which is an important signal of whale concentrations and limited distribution. 

% of Supply Held by Top 1% Addresses | Source: X

In the past, high concentrations have been followed by strong rallies, as was the case during the 2021 bull run when Dogecoin rose to $0.70. This accumulation phase, without a significant mark of distribution, could serve as a precursor to a price surge when liquidity improves.

Following recent volatility, the crypto market is stabilizing as Bitcoin holds its positions above key support zones, and altcoins demonstrate recovery. Meme coins, usually responding to shifts in sentiment, are also gaining popularity due to the increase in trading volumes and a better liquidity environment.

At the same time, the rise in on-chain activity and weaker exchange balances indicate that investors are setting up long-term profits. This could increase the reaction of DOGE as soon as the bullish momentum returns to the market.

DOGE’s Forward Outlook

If technical confirmation aligns with high whale confidence, Dogecoin could go through a rally phase, leading to near-term targets at the $0.25 zone. The accumulation and bullish reversal pattern gives an excellent setup for an upward continuation.

At the time of writing, Dogecoin is trading near $0.19.