DOGE Holders Continue to Buy Amid Decline, DOGE Price Rebound Coming Soon?

Jakarta, Pintu News – Dogecoin (DOGE) has seen its price drop by 10% in the last month, but on-chain data shows that large holders have continued to accumulate the asset during that period.

Analysis from Santiment shows that the average Dogecoin transfer of $100,000 or more has risen sharply in August, reaching its highest level in five months. This signals confidence in the medium-term price outlook of the most popular meme coin.

Holders Accumulate DOGE

According to CoinSpeaker (Aug 26), an increase in the number of wallets holding between 1 million and 10 million Dogecoin (DOGE) adds another proof of the accumulation trend. A total of 33 new wallets have emerged, bringing the total to 4,288.

Read also: Dogecoin Price Jumps 4% Today (8/27/25): What’s Next for the Coin?

A factor that may be driving this massive buying is last week’s news of the acquisition of Dogehash Technologies, a Dogecoin (DOGE) mining company, by US President Donald Trump’s family-backed Thumzup. This high-profile investment is believed to add legitimacy to the Dogecoin (DOGE) ecosystem.

Market Reaction and Investor Sentiment

Despite the general crypto market correction, with Dogecoin (DOGE) down 15% from its peak on August 24 at $0.245, accumulation activity by whales has not stopped. Currently, Dogecoin is trading at around $0.22, up more than 4% in the past day (Aug 27).

However, renowned crypto investor, James Wynn, remains optimistic. Despite incurring huge losses from his liquidated Dogecoin (DOGE) long position, Wynn still considers it a good time to buy more.

Read also: September Bitcoin Outlook: 3 Key Scenarios to Watch After BTC Drops to $109K

Technical Analysis and Price Potential

From a technical perspective, the chart of Dogecoin’s 4-hour perpetuity contract (Aug 26) shows consolidation in a symmetrical triangle pattern since early August. The price continues to respect its rising support line, which according to analyst Ali Martinez, is a sign of healthy consolidation.

In the event of an upward split, Dogecoin (DOGE) could see a rise up to $0.285, which means a potential price increase of about 35% from current levels.

Overall, with accumulation by large holders and support through high-profile investments, as well as technical signals depicting a healthy consolidation, Dogecoin (DOGE) may be poised for a surge.

Investors and market watchers should constantly monitor these indicators to make informed investment decisions.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• Coinspeaker. Doge Holders Continue to Buy the Dip, a Price Bounce Ahead. Accessed on August 27, 2025