Whale Accumulation and Technical Signals Point to Potential Dogecoin Surge

Dogecoin ($DOGE) was trading around $0.18 on Friday, following a nearly 6% drop earlier in the week. However, on-chain data and technical analysis suggest a potential rebound is on the horizon.

Key Takeaways from the Analysis

• Whale Buying: Large investors, or "whales," accumulated approximately 280 million DOGE during the recent price dip, signaling confidence in a recovery.
• Technical Breakout Potential: Analyst Javon Marks sees Dogecoin mirroring the cyclical accumulation patterns that led to explosive rallies in 2017 and 2021. He projects a minimum 251% increase from current levels if the pattern holds.
• Crucial Support and Resistance: Analyst Ali Martinez highlighted the $0.19 level as mission-critical support. Key resistance levels to watch are $0.24 and $0.27, with an ultimate upside target of $0.33.

Technical Analysts Outline Bullish Case

Javon Marks noted that Dogecoin's current consolidation phase mirrors the technical setup seen before its massive breakouts in previous cycles. The price action, which features a long-term ascending support curve and a narrowing triangle pattern, suggests the coin is building up for its "next cyclical surge." A breakout from this phase could lead to a minimum 251% climb, propelling it toward new all-time highs.

Ali Martinez focused on the short-term price channel, noting that DOGE has been moving within an ascending parallel channel since early May. Maintaining the $0.19 support level is crucial for the continuation of the uptrend.

• If the price holds above $0.19, resistance is expected near $0.24 and $0.27.
• A break above $0.27 could open the path to his potential target of $0.33.
• Failing to hold $0.19, however, would risk a deeper correction.

Despite the recent price drop, the whale accumulation data supports the bullish sentiment, as institutional wallets were actively buying the dip, reinforcing the idea that the broader uptrend remains constructive.

October 2025, Cryptoniteuae