Whales Accumulate 4.72 Billion DOGE — What’s Next for Dogecoin?

Jakarta, Pintu News – Dogecoin (DOGE) is showing increased activity from crypto whales, signaling a potential upward price movement. Where will DOGE go next?

The current state of the crypto market appears relatively calm, with little to no significant movement in the major cryptocurrencies in the past hour. This positive uptick is largely attributed to President Trump signing bipartisan legislation to end the 43-day US government shutdown.

Specifically, Dogecoin – the meme coin with the largest market capitalization – recorded a 2.3% gain in the last 24 hours (11/13) and is now trading around $0.1757. On a longer timeframe, Dogecoin is up 7.3% in the last seven days, although it is still down 8.1% in the 14-day period.

Amidst this positive movement, an important question arises: will DOGE continue its upward trend, or will it reverse direction amidst increased buying from Dogecoin whales?

Dogecoin whales continue buying

In the past two weeks, Dogecoin recorded a significant increase in crypto whale activity. In that period, approximately 4.72 billion coins were purchased by large holders.

Read also: Dogecoin Price Crashes 6% Today: Crypto Whale Accumulates 4.72 Billion DOGE!

Based on the chart data shared by analyst Ali Martinez on the X platform, there is a clear divergence between the price movement of DOGE and the accumulation pattern by the whales.

This increased activity suggests that large investors are starting to position themselves for potential future gains. While the whales were accumulating, Dogecoin’s price was falling – indicating a “buy the dip” strategy or buying on the dip to capitalize on the lower price.

This behavior is common among institutional investors or large holders looking to gain optimal exposure at a more efficient cost of entry. Now, the question remains: where will the Dogecoin market go next?

Dogecoin Price Analysis

Based on the technical chart, the Relative Strength Index (RSI) indicator on the 1-hour time frame stands at 61.66. This value suggests that Dogecoin is starting to approach overbought territory, although it hasn’t reached the extremes that usually signal a potential immediate reversal.

The gradual upward trend in the RSI indicates increasing bullish momentum, but caution is needed when the RSI approaches the 70 level which signals an overbought condition.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator switched to a more positive signal, with the MACD line breaking above the signal line, accompanied by the appearance of green bars on the histogram. This positive crossover generally signals a potential continuation of DOGE’s price rise in the near term.

However, given that the price is still relatively close to the latest support area around $0.168, as well as the RSI showing room left before reaching overbought conditions, there is a chance for further upward movement in the short term.

However, the MACD’s current position is in an area that has often preceded a change in momentum direction in the past, where prices tend to reverse after a period of gains. If the MACD starts to lose steam or returns to near the signal line, this could be a sign of weakening bullish momentum.

Analyst View

Tardigrade Trader crypto analysts identified a bullish divergence on Dogecoin’s chart in the one-hour time frame, which is mainly visible through the Low-Time-Frame (LTF) RSI signal.

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Based on the chart he shared, although the Dogecoin price moved to lower levels during this period, the RSI formed higher lows. This pattern indicates increased buying pressure amidst the price decline.

This kind of divergence usually signals a weakening of downward momentum and can be an early signal of a potential reversal or upward movement. In the event of a breakout, the analyst targets the next level around $0.191 as a potential next price objective.

FAQ

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a digital currency that was originally created as a joke, but has grown into a cryptocurrency with a large market capitalization.

Why is whale activity important for Dogecoin (DOGE)?

Whale activity is important because large purchases by large investors can significantly affect the price of Dogecoin (DOGE), often signaling potential price movements.

What is the Relative Strength Index (RSI)?

The Relative Strength Index (RSI) is a technical indicator used to measure the speed and change of price movements, helping to identify overbought or oversold conditions.

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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:

• The Crypto Basic. Where’s Dogecoin Headed as Whales Accumulate 4.72B DOGE in Two Weeks. Accessed on November 14, 2025