DOGE Surges 15% from Buy Zone as Whales Snatch Up 30 Million — Can Bulls Breach $0.30?

Jakarta, Pintu News – The Dogecoin price has recently shown signs of strengthening again after a long period of consolidation. The meme-inspired token is making a comeback as whale accumulation increases and massive outflows from exchanges.

The combination of these factors has rekindled optimism that DOGE’s current price structure has the potential to sustain an upward trend.

Dogecoin Price Action: Retest After Breakout and Projected Upside

Dogecoin price is currently trading around $0.26 after successfully breaking out of the descending channel pattern and retesting its upper limit. This movement confirms abullish reversal pattern reinforced by a strong rebound from the buy zone.

Read also: Dogecoin Slips Today, But On-Chain Signals Point to Potential Upside

Since that entry point, the price of DOGE has recorded an increase of about 15%, signaling active participation from both retail and institutional investors.

Interestingly, the price is still holding above the $0.2500 support area, a key level that could potentially determine the direction of the next move. Keeping the position above this threshold is crucial to extend the uptrend towards the $0.30 area, which is the next major resistance.

In addition, the DMI indicator shows strong dominance from the buyers’ side, with the +DI line above the -DI, as well as the rising ADX value signaling a bullishly solid market structure.

Overall, this reinforces the market bias in favor of a continued rise in the price of DOGE as long as its technical structure is maintained. This also establishes a promising long-term outlook for Dogecoin, with potential for continued growth above short-term resistance levels.

Whale Accumulate DOGE Amid Decline in Exchange Reserves

On-chain data shows that more than 30 million DOGE has been raised bywhales in the past 24 hours, signaling growing confidence from large capital investors.

Such whale activity is often an early signal of a potential sharp price increase, reflecting expectations of continued appreciation in the value of DOGE.

On the other hand, analysis from CoinGlass noted a net outflow of over $25 million at the time of writing, indicating reduced selling pressure and increased accumulation in private wallets. This consistent decrease in coin reserves on exchanges usually creates tighter supply and can push prices up as long as demand remains active.

When combined with technical signals such as price breakouts and a positive DMI indicator, this accumulation behavior reinforces the market structure supporting Dogecoin’s uptrend.

Read also: Analysts Turn Bullish on Pudgy Penguins as PENGU Becomes the Top-Selling Meme Coin on Solana!

Thus, continued outflows and active participation of whales could sustain DOGE’s bullish narrative in the short to medium term.

Can DOGE Stay Bullish?

Dogecoin’s breakout from the descending channel pattern accompanied by increased accumulation by whales presents a positive technical signal. Strong DMI readings confirmed the buyers’ dominance and validated the current price structure.

In addition, continued outflows from exchanges reinforce the narrative of tightening supply, creating conditions that favor further upside potential. As such, Dogecoin price looks to be in a solid position to challenge the $0.30 level in the short term, as long as the $0.2500 support area remains well anchored.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30? Accessed on October 6, 2025