The post Dogecoin Whale Moves $92M As Analyst Predicts DOGE Price Rally to $0.27 appeared on BitcoinEthereumNews.com.

A large Dogecoin whale has withdrawn over 260 million DOGE from Robinhood in two separate transactions. These transfers, valued at nearly $92 million, have caught the attention of both retail traders and market analysts. The Dogecoin whale movement comes just as technical patterns and derivatives data point toward a possible DOGE price breakout to $0.27. Whale Transfers $92 Million to Unknown Wallet Blockchain tracking services, including Whale Alert, recorded two large Dogecoin whale transfers from Robinhood to an unknown wallet. The first transfer involved 210 million DOGE, worth around $46 million, followed by a second one of 50 million DOGE. Both transactions occurred within a short time frame on May 20, 2025. The receiving address is not labeled and has not shown any outgoing transactions so far. This wallet now holds approximately 420 million DOGE, worth nearly $92 million at the time of writing. It ranks among the largest wallets on the Dogecoin network. No confirmation has emerged about whether the transfer is linked to internal restructuring, a change in custody, or a major investor exit. However, such large transfers away from exchanges are often associated with long-term storage or institutional custody. Technical Patterns Indicate a Bullish Setup for DOGE Price Traders have identified multiple bullish patterns on Dogecoin’s daily and 3-day charts. According to the chart analysis by TATrader_Alan, Dogecoin Price has formed a bullish expanding triangle. This pattern reflects rising volatility with higher highs and lower lows, and often precedes upward breakouts. The DOGE price has also created an inverted head-and-shoulders pattern. The neckline was broken earlier this month near the $0.185 mark, which has now turned into support. Analysts expect the price to retest the $0.23–$0.24 zone, followed by a breakout toward the $0.27 level. Bitcoinsensus noted that “the next target will be the supply zone at…

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Filed under: News - @ May 21, 2025 4:28 pm