Whales Step In to Support DOGE Price

Dogecoin (DOGE) slipped nearly 8 percent in early trading today, briefly touching 0.247 dollars before large buy orders from major holders helped stabilize the market.

According to on-chain data, multiple wallets holding more than 10 million DOGE each placed significant bids between 0.245 and 0.255, preventing further decline.

The broader crypto market also saw mild corrections following Bitcoin’s recent record highs, with traders taking profits across several altcoins.

Market Context

Dogecoin had rallied more than 30 percent over the past week, driven by renewed social media attention and increased trading volume on Binance and Coinbase.

Analysts said the pullback was expected after such a rapid rise, describing today’s movement as a healthy consolidation rather than a trend reversal.

DOGE trading volume remains high, with over 2 billion dollars in 24-hour turnover, showing continued retail and institutional interest.

Whale Activity

Blockchain trackers noted several high-value transactions totaling more than 400 million DOGE moved from exchanges to private wallets, suggesting accumulation by long-term holders.

Such whale activity often signals confidence in price support zones, particularly around the 0.25 dollar mark, which has historically acted as a key pivot for the asset.

Technical Outlook

Traders are now watching two main levels:

• Support: 0.245 to 0.25
• Resistance: 0.27 to 0.28

If DOGE holds above 0.25 through the week, momentum indicators could reset for another move upward. However, a clean break below 0.24 might trigger short-term sell pressure.

Outlook

Dogecoin remains among the most traded altcoins in the market and continues to benefit from its strong online community.

With whales re-entering and trading volumes stable, analysts expect volatility to persist but see little risk of a major breakdown unless broader crypto sentiment weakens.