- Whales accumulated more than 240 million DOGE during the recent correction, signaling increased buying at lower prices.
- Crypto Patel sees targets of $0.28185, $0.75594 and $2 if DOGE holds the $0.077-$0.056 accumulation zone.
- DOGE trades near its 200-day MA at $0.082, with $0.086 and $0.093-$0.095 as key resistance levels.
Dogecoin whales bought more than 240 million DOGE over the past week, according to analyst Ali Charts. The purchases followed a recent price correction. Meanwhile, analyst Crypto Patel outlined a macro breakout and retest structure, with targets reaching $2. DOGE trades near $0.082, close to its 200-day moving average.
Whales Buy During the Recent Correction
Ali Charts reported that large Dogecoin holders used the recent decline to increase their positions. The analyst said whales accumulated more than 240 million DOGE during the past week.
According to Ali Charts, the purchases occurred at lower prices after the correction. The analyst said the activity could reflect growing confidence before another possible rebound.
The accumulation report comes as DOGE remains below its short-term moving average. However, the token continues trading near its longer-term average, placing attention on nearby support levels.
Crypto Patel Maps a Possible Macro Rally
Crypto Patel said Dogecoin completed a major retest after its sharp fall from its all-time high. The analyst said price retested a broken descending trendline. Patel also said the identified accumulation zone had filled. The analyst described the structure as a breakout, retest, and accumulation sequence.
Patel listed targets at $0.28185, $0.75594, and $2. The analyst said the setup remains valid while DOGE holds the $0.077–$0.056 accumulation zone. Based on the current chart price, Patel projected a possible move above 2,300% toward $2.
DOGE Tests the 200-Day Moving Average
The chart shows a prolonged decline from the $0.115–$0.117 area reached in May. DOGE later dropped toward $0.069–$0.070 before stabilizing between $0.070 and $0.073. A late-August breakout lifted DOGE toward $0.093–$0.095 alongside volume near 698.47 million DOGE.
However, the rally failed to hold its highs, and the price returned toward $0.082–$0.083. The 50-day moving average is near $0.086, while the 200-day average stands around $0.082.
Support remains near $0.082, followed by $0.080 and $0.074. On the upside, DOGE faces resistance at $0.086 and $0.093–$0.095. Higher resistance levels appear near $0.099–$0.105.
