Dogecoin Whales Accumulate; $0.30 Rally Could Come Fast
Dogecoin has been trading around a $0.17 support zone as on-chain signals indicate increased accumulation by whale addresses. Market observers point to a recurring pattern where extended consolidation near this band precedes sharp upward moves, and some analysts now peg a near-term target around $0.30 — a significant upside from current levels if momentum follows through.
The significance lies in supply dynamics: large holders taking coins off exchanges can tighten available float and amplify price moves when demand returns. That said, timing is uncertain and the broader crypto market and Bitcoin correlation remain major drivers. Traders should watch whale flows, exchange balances and order-book liquidity for confirmation, while keeping risk management in place given the potential for swift volatility.