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Dogecoin [DOGE] is heating up again and the latest whale activity could be the spark that sends it soaring.
Over the past week, high-volume wallets have snapped up 2 billion DOGE, worth around $480 million, while spot market buyers added another $32 million. That’s over half a billion dollars flowing into DOGE in just days a clear sign that the big players are positioning for the next move.
This accumulation wave comes as DOGE begins to break away from the price patterns of Bitcoin [BTC] and Binance Coin [BNB]. While BTC and BNB have already smashed new highs, DOGE has been quietly building momentum, setting the stage for a potential catch-up rally.
Chart data shows DOGE sitting between two major liquidity zones:
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Upper zone: If reached, could trigger a burst of selling but breaking above it would open the door to fresh highs.
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Lower zone: Strong demand here could catapult prices higher if tested.
Despite a recent 3% dip, DOGE is still up 27% over the past month, and the whales are betting this is just the beginning. Their aggressive buying suggests they expect a strong upside in the coming sessions.
With the broader crypto market trending bullish and liquidity flooding in, DOGE could be one of the next big movers. Traders watching from the sidelines risk missing the breakout.
Bottom line: The smart money is loading up. If history is any guide, this type of whale activity often precedes explosive moves and DOGE might be about to prove it again.
Disclaimer: This article is for informational purposes only and is not financial advice. Always do your own research before making any investment decisions.
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