- Whales buy 200M DOGE, driving price up 25% to $0.19
- Dogecoin futures open interest jumps 6% to $1.94B
- Key resistance at $0.207 could push DOGE to $0.30
The buying volume in Dogecoin increased due to the acquisition of 200 million DOGE by wealthy investors during a span of 14 days. The escalating demand caused prices to rise to $0.19 from $0.15 as of March 11. Market analysts observe that rising trader and institutional interest corresponds with current price shifts.
Whale Accumulation and Market Movement
Dogecoin maintains a price point of $0.19 during the current market and exhibited a 5% rise throughout the 24-hour time period. Crypto analyst Ali Martinez confirmed that whale investors completed major DOGE acquisitions that pushed up the market’s buying strength.
Through his X post he noted whales have acquired more than 200 million DOGE during recent two weeks because they remain confident about ongoing market fluctuations. The market value attained its highest point at $0.1955 following a rebound at $0.1825.
The accelerating investor interest in this asset has resulted in 14% growth throughout the week. Experts observe that market costs tend to increase when big buyers reduce supply while creating higher demand.
Key Levels to Watch and Future Price Predictions
A significant resistance point stands at $0.207 for Dogecoin to decide its future price direction. The price has the potential to reach $0.22 and $0.25 if it surpasses the $0.207 resistance level. The market support level remains at $0.177 and could become active under periods of market liquidations.
Technical indicators signal bullish momentum. Positive money flow trends emerge from the Chaikin Money Flow score of 0.19. The MACD now shows an upward trend because it has passed through its signal line.
Market analysts predict Dogecoin will keep rising if it maintains equivalent price behavior from the past. Forecasts indicate that the market price could reach $0.30 if current market variables and investor attitudes remain positive.Derivatives market activity has grown according to market data.According to Coinglass, Dogecoin’s futures open interest rose by 6% to $1.94 billion, while trading volume climbed 16% to $4.09 billion. Market data indicates that traders currently buy Dogecoin positions because of their anticipation of future price movements.
