- Dogecoin faces strong resistance at $0.25–$0.26, with a breakout potentially starting a new bull run.
- Whale wallets added over 1 billion DOGE in one month, signaling strong accumulation and market interest.
- On-chain data shows rising transaction volume and active addresses, reflecting growing network activity.
Dogecoin is currently trading at $0.2231 as the market pauses below a major resistance zone. The area between $0.25 and $0.26 remains a crucial threshold for DOGE. Analysts are observing this level closely, noting that a breakout could signal the beginning of a fresh upward trend for the meme-based asset.
Key Resistance Zone Pressures DOGE Price Movement
According to an analysis prepared by Ali Martinez, the $0.25–$0.26 zone has acted as a major resistance area since early 2025. After Dogecoin lost this level in January, it has struggled to reclaim it.
Past attempts in February and March failed, even with price briefly touching $0.28 before reversing. In May, Dogecoin again approached this resistance zone but closed lower at $0.2276.
Martinez noted that multiple rejections in this range reflect persistent selling pressure. He stated, “A breakout above this area could initiate a new bull run,” and recommended preparing for the breakout rather than reacting after it occurs.
On-Chain Metrics Show Whale Accumulation and Growing Activity
Data tracked by Martinez reveals growing market engagement. From mid-April to mid-May, Dogecoin’s transaction volume rose sharply, peaking near $1.07 billion around May 10. Whale transactions over $1 million also surged, suggesting increased interest from large holders.
In addition, daily active addresses spiked to nearly 69,000 on May 13, reflecting heightened user activity. Martinez also observed that whales acquired over 1 billion DOGE during the past month, bringing their total holdings to around 25.97 billion.
According to an observation by Trader Tardigrade on X, DOGE recently rebounded from the 0.382–0.5 Fibonacci zone on the H4 chart. This was followed by price consolidation, which the analyst considers a potential setup for a larger move.
