Crypto whales and investors are paying a lot of attention to Dogecoin price (DOGE), the biggest and best-known meme coin. Why? Many investors see the price as attractive for buying. A company called Santiment that keeps an eye on crypto activity says that big investors, or “whales,” have bought 150 million DOGE in just three days.
Big Investors Buy 150 Million DOGE
This huge purchase took place when DOGE was trading sideways near an important support level of $0.185. This means that big investors are buying more tokens at a lower price because of how the market is right now. Some people are afraid that the price will drop even more, but whales are buying more DOGE to show that they trust it.
Dogecoin Price Is Moving Up
Dogecoin is worth $0.19 right now. Its value has dropped more than 8% in the past 24 hours. But the number of trades has increased by 50%. When this happens, more traders and investors buy and sell DOGE. There are more trades, which shows that many people still believe in the coin and think its price will go up soon, even though it has dropped in value.
Dogecoin (DOGE) Chart Study And Next Price Target
According to a well-known crypto news source’s technical analysis, the price of DOGE is in a “tight range,” which means that it is not going up or down very much. At the moment, it falls at a rather significant support level of $0.185. If DOGE breaks out from this range and closes above $0.21 on the daily chart, it may rise 20%. It could reach $0.25 within the next few days.
The Relative Strength Index (RSI) is around 35 right now. It shows how strongly the price of a coin is moving. This means that momentum is low, which could be why DOGE is having a hard time going up right now.
$43 Million DOGE Moved Out
The fact that a lot of DOGE is leaving exchanges is another important event in the Dogecoin market. Coinglass is a platform that tracks the movements of cryptocurrencies. Since the beginning of February 2025, a significant amount of DOGE has been leaving exchanges. People do this when they plan to keep their tokens for a long time instead of selling them.
About $43 million worth of DOGE has been taken out of exchanges in the last 48 hours alone. This is another sign that investors are buying DOGE and putting it away, possibly because they think the price will go up soon.
It looks like investors are hopeful about DOGE when we look at all of these signs together: the big purchases by “whales,” the money-leaving exchanges, and the price analysis. Short-term, though, the price could still go down a bit before it goes up bigger.
Large investors are strategically accumulating DOGE at low prices, expecting a future rally. They could make a lot of money if the price goes in the direction they think it will. Now we just need to wait and see if Dogecoin can get out of its slump and start going up again!
