Over the past 24 hours, on-chain data has revealed that large holders accumulated 310 million DOGE, a move that has drawn attention across the crypto market. This surge in accumulation comes as the popular meme coin trades at approximately $0.223, down 5.23% for the week but up 1.50% in the past 24 hours.

Crypto analyst Ali (@ali_charts) shared the buying trend, emphasizing the scale of the purchase and its timing amidst price consolidation. While the price briefly dropped in recent sessions, the uptick in whale activity suggests potential renewed interest and possible upward momentum.

Adding to the bullish case, the TD Sequential indicator on the daily chart has flashed a buy signal for Dogecoin. This technical tool, often used to time market reversals, suggests DOGE may be poised for another leg higher.

The last candlestick on the chart shows a completed nine-count down setup, typically interpreted as a precursor to trend reversals or a short-term bounce.

A Potential Reversal Brewing?

Dogecoin currently holds the 8th spot among cryptocurrencies with a market capitalization of over $33.5 billion. Despite recent declines, trading volume remains strong, exceeding $2.1 billion in the last 24 hours, signaling ongoing interest from both retail and institutional players.

While the $0.223 level has acted as a support zone, sustained buying pressure—especially from whales—could push DOGE above resistance zones near $0.24 and $0.26. Should this momentum continue, traders may look for a return to previous local highs.

However, the broader altcoin market is still navigating macro uncertainty and Bitcoin’s cooling dominance. Dogecoin’s trajectory will likely depend on continued accumulation, positive sentiment, and whether the bullish signal plays out over the next few days.

The post Dogecoin News: Whale Activity and Buy Signal Hint at Imminent Price Surge appeared first on Coindoo.

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Filed under: Bitcoin - @ July 31, 2025 12:31 pm