Whale Accumulation Sparks Fresh Optimism for Dogecoin as Price Rebounds

Dogecoin (DOGE) is showing renewed signs of strength after a volatile period, with new data revealing major accumulation among large investors. 

Crypto analyst Ali Martinez reported that approximately 480 million DOGE were purchased by whales in just 48 hours—an influx that may have played a significant role in the recent price recovery.

DOGE climbed +4.72%, rising from $0.1946 to $0.2058 in early December. Analysts suggest that this buying pressure from whales helped stabilize the market after a sharp decline in late October.

DOGE Price Recovers as Market Indicators Turn Neutral

Technical signals now show Dogecoin entering a more neutral zone. The Relative Strength Index (RSI) currently sits at 44.76, indicating that DOGE is no longer in oversold territory and may be transitioning toward equilibrium.

This shift suggests the market could be stabilizing, which may restore confidence among traders who have been watching DOGE closely following recent drawdowns.

Bollinger Bands Point to Growing Bullish Momentum

The Bollinger Bands on the price chart reveal that DOGE is nearing the upper band limit—a sign that further bullish action or a potential resistance retest may be imminent.

The 20-period simple moving average (SMA) sits around $0.20467, and the price has slightly broken above the upper Bollinger Band. Historically, such movement can signal the start of upward momentum, particularly when accompanied by strong buying activity.

Technical Setup Shows Strength Building

The broader technical landscape supports the possibility of continued recovery. DOGE’s RSI recently crossed the 40.62 level, a shift often associated with improving market momentum.

With consistent buying pressure, improving indicators, and positive price traction over the past few days, Dogecoin appears to be entering a phase of renewed demand.

This trend is especially notable given recent market turbulence across the crypto sector. Whales have historically played a crucial role in driving DOGE’s major price swings, and their latest activity could provide short-term support.

Volatility Remains, but Momentum Could Attract Retail Investors

Despite the encouraging signs, analysts caution that Dogecoin remains a highly volatile asset. Market conditions can shift quickly, and further fluctuations are possible.

However, if the current trajectory continues, the improving sentiment could draw more retail investors back into the market, contributing to greater price stability.

For now, Dogecoin appears to be regaining its footing—driven by heavy accumulation from major holders and supported by a strengthening technical outlook.