DOGE whales have accumulated approximately 100 million DOGE over the past week

This price action comes as the broader cryptocurrency market shows signs of renewed momentum and strength. Recent on-chain data reveals that Dogecoin whales have accumulated approximately 100 million DOGE

Dogecoin (DOGE) has been trading in a tight range, consolidating above the $0.16 support and struggling to break through the $0.19-$0.20 resistance. This price action comes as the broader cryptocurrency market shows signs of renewed momentum and strength.

Recent on-chain data reveals that Dogecoin whales have been busy, accumulating approximately 100 million DOGE over the past week. This persistent buying activity from major players could be a prelude to upward price movements, especially when considering the broader market recovery from the March lows.

Moreover, popular meme coin appears to have completed its correction phase, according to technical analyst Trader Tardigrade. The analyst highlighted that Dogecoin may have finished its pullback for this cycle, establishing a "nice base" above crucial support levels.

#Dogecoin consistently finds support at previous swing highs. It just rebounded from support matching a previous swing high.$DOGE may have completed its pullback and could surge again soon 🚀 pic.twitter.com/dhfnblpj3v

— Trader Tardigrade (@TATrader_Alan) April 30, 2025

A view of the chart shows that DOGE has persistently found support at previous swing highs. It recently bounced back from a key support zone to reach a high from a prior upswing, demonstrating resilience despite current market conditions.

Trader Tardigrade: Dogecoin May Have Completed Its Pullback

Based on this movement on the 3-day chart, Trader Tardigrade believes that the meme coin has finished its pullback. The analyst foresees another sharp rally in the near term, which could push DOGE to a new all-time high in 2025.

“Another sharp rally is due, setting up for a potential new ATH in 2025. A triple-digit move from here would put the coin around $1.05, rendering a 400% gain from current levels.”

Trader Tardigrade anticipates that if DOGE manages to break above the $0.24-$0.25 resistance, it could pave the way for a swift rally to the $0.40-$0.45 zone. From there, the meme coin could face another resistance level at $0.60.

However, if sellers manage to maintain control and push the price back below the $0.16 support, it could open the door for a deeper correction toward the $0.13-$0.10 zone. In this scenario, traders might encounter historical demand stepping in.

Crypto Bullet: Dogecoin Is Forming An ‘Textbook Accumulation Cylinder’ Pattern

Technical analyst Crypto Bullet has shared an analysis that delves into the potential future of DOGE in the ongoing cycle. Following an examination of the 3-day chart, the analyst revealed that Dogecoin had formed a “Textbook Accumulation Cylinder” pattern.

$DOGE prints a textbook Accumulation Cylinder 🧐

According to this pattern, we should see a giant pump in the next few months 🔥 🚀

We don’t know what the catalyst will be, but something interesting is coming. Add here the BTC Dominance topping out and we have a perfect recipe… pic.twitter.com/M5SNbzZl4T

— CryptoBullet (@CryptoBullet1) April 30, 2025

According to the pattern, the meme coin could be poised for a massive pump in the next few months. The pattern hints at a surge to a market top for DOGE above $3.2. After that, Crypto Bullet suggests a decline to $1.2 will occur before rebounding to $2 again. Finally, DOGE’s price is likely to enter a bearish market phase, pulling prices back to $0.17 by the end of 2026.

Although Crypto Bullet is unsure what would trigger this move, the analyst believes that “something interesting is coming.” An ideal formula for a pump could emerge with the addition of Bitcoin’s dominance topping out.

At the time of writing, DOGE is trading at $0.178 and appears to be having difficulty breaking above the $0.19-$0.20 zone. A breakout above this level could be crucial for setting the stage for a recovery rally. However, until then, the price action remains largely undefined.

Analysts are divided on what comes next for DOGE. Some argue that failure to breakout above $0.20 coupled with higher lows could signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone.

However, with Bitcoin holding above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit. The recent whale accumulation also supports this bullish case.

To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level — a key resistance zone that aligns with the 200-day