Dogecoin has spent the past few days rebounding after a downturn to the mid-$0.13s, and its on-chain activity is beginning to tell an interesting bullish story. Data from Santiment shows a quiet accumulation trend of hundreds of millions of DOGE tokens taking place among some of the asset’s larger holders, even as the price continues to struggle for momentum. 

This change in wallet behavior is unfolding at a time when Dogecoin’s recent performance offers very little excitement for bullish traders, making the quiet accumulation all the more notable.

Dogecoin Whales Accumulation: What the Numbers Show

The data from Santiment highlights a quick climb in holdings among Dogecoin addresses holding between 1 million DOGE to 100 million DOGE tokens. Particularly, the data shows that the collective holding of this cohort has grown from 27.79 billion on December 3 to 28.34 billion DOGE at the time of writing. That equates to an increase of about 550 million DOGE in roughly 48 hours, a meaningful inflow even for a large-cap crypto like Dogecoin.

This trend shows that these mid-size and large holders view current prices as favorable entry points. Broad accumulation by this “whale tier” often precedes consolidation phases or, in some cases, precedes upward moves, especially if retail sentiment is weak and fewer coins are being sold into the market.

Interestingly, this accumulation, which kicked off after Dogecoin fell to the mid-$0.13 range on December 3, contributed to a rebound at this level that contributed to the meme coin reaching an intraday high of $0.1504 in the past 24 hours. 

Is A Surge Coming For Dogecoin?

Accumulation by larger wallets can reshape market conditions in subtle but meaningful ways. First, it reduces the circulating supply available to typical retail traders, which can tighten availability and potentially support price stability or upward pressure. Second, it reflects conviction. Large holders are showing confidence in DOGE’s long-term value, even when price action is not yet bullish. 

Furthermore, this recent buying represents the first clear shift in sentiment among whale cohor

s after weeks of steady distribution. Santiment’s data shows that these wallets had been decreasing their balances since mid-October, and the trend coincided with a drop in large transactions that pushed activity to a two-month low.

While accumulation may set the stage for a rally, there are still structural challenges that Dogecoin must face. Technical analysis suggests that $0.138 is a critical level for confirming whether a firm bottom has formed. Sustained trading above that zone in the coming weeks would strengthen the case that the worst of the downturn is over.

At the same time, crypto analyst Bitcoinsensus outlined a possible upside target in the $0.70 to $0.75 region as the peak of the current cycle. This price target aligns with other technical projections for the meme coin.

An analyst has pointed out where a key resistance could be located for Dogecoin, based on on-chain supply distribution data.

Dogecoin Has A Large Supply Cluster Present At $0.20

In a new post on X, analyst Ali Martinez has talked about where resistance lies for Dogecoin based on Glassnode’s Cost Basis Distribution (CBD). The CBD is an indicator that tells us about the amount of DOGE supply that was last acquired at the various price levels that the memecoin has visited in its history.

Below is the chart shared by Martinez that shows the recent CBD heatmap for Dogecoin.

As is visible in the graph, the Dogecoin CBD has flagged the zone around $0.20 as one where investors did some heavy buying. More specifically, over 11.7 billion tokens have their cost basis at this level.

Considering that DOGE is trading notably under the mark right now, all this supply would naturally be in the red. The asset rising to this level could cause a strong reaction from the investors, as these tokens will get back to their break-even.

Generally, holders in loss can be desperate for the price to reach back to their cost basis. Once the asset does rise to their acquisition level, some of these investors choose to sell, fearing that the rebound is only temporary. This can make large cost basis levels above the asset’s price potential zones of resistance.

Between the current price and $0.20, there aren’t any other regions in the CBD that are as dense with supply. Based on this, Martinez has noted, “$0.20 is the key resistance for Dogecoin.” It now remains to be seen whether DOGE will retest this level anytime soon.

In some other news, the memecoin has seen a spike in network activity recently, as the analyst has pointed out in another X post.

In the chart, the indicator shown is the Number of Active Addresses, which measures, as its name suggests, the daily number of addresses that are participating in some kind of transaction activity on the Dogecoin network.

It would appear that this indicator has registered a surge recently, with a peak 71,589 addresses making transfers on the blockchain. This is the largest spike that the metric has observed since September.

The trend suggests that attention has returned back to the Dogecoin network after a slump, but only time will tell whether this activity pertains to accumulation or distribution.

DOGE Price

At the time of writing, Dogecoin is trading around $0.138, down over 7% in the last week.

As Thursday drew to a close, the entire cryptocurrency market flipped sharply bearish again, causing Dogecoin’s price to fall below the $0.15 mark. Despite the persistent struggle to produce another major rally, traders’ sentiment seems to be turning bullish, leaning towards accumulation, as indicated by a key on-chain metric.

Dogecoin Moving Into Accumulation Mode

A fresh reading indicates that the Dogecoin market is currently at a pivotal juncture that could shape its next trajectory and price dynamics. Sina Estavi, a builder and the Chief Executive Officer (CEO) of Bridge AI, reported that on-chain data is pointing to a decisive shift in the current market trend of DOGE.

Estavi’s research is based on the key Dogecoin Bubble Risk Model, a metric that determines when the price of an asset is significantly overvalued relative to its fundamental value. After examining this crucial metric, the builder has found a shocking trend that suggests the meme coin is experiencing a positive market phase.

According to the expert, the data from the metric is quite clear, showing that DOGE is currently not in a bubble phase. It is worth noting that the bubble-risk indicator only flashes red when speculative excess rises to extreme levels. Meanwhile, recent data is showing that the signal is muted in comparison to previous market cycles. 

This development opposes the tales of fear that frequently emerge with significant price fluctuations. Rather, the signal suggests that the market is acting in a surprisingly stable manner, bolstered by consistent accumulation, strong holder belief, and robust network activity.

Estavi highlighted that from a structural standpoint, Dogecoin is shifting into an accumulation territory, not a blow-off top. In the meantime, this measure is unfolding as a subtle but potent indicator that the asset’s base is still far stronger than critics believe.

Active Addresses Showing Up At A Substantial Rate

The gradual shift into accumulation territory is evidenced by the massive wave of active wallet addresses on the Dogecoin network. Despite the ongoing volatility in the market and pullback in DOGE’s price, new investors appear to be reappearing at a substantial rate.

Ali Martinez, a market expert and trader, shared this development, which points to renewed demand and confidence in the leading meme coin. Data from Martinez shows that Dogecoin recorded over 71,589 active addresses on the network as of Thursday.

As seen on the chart, the figure marks the highest spike in the metric since September 2025. This rapid expansion suggests that genuine momentum is developing beneath DOGE’s current market trend, possibly foreshadowing a significant shift in market behavior and future price direction.

At the same time, heightened accumulation has also been ongoing within the whale cohort. In another X post, Martinez noted that whale investors have gone on a buying spree, scooping up millions of DOGE in the last 2 days. Within the time frame, the cohort acquired over 480 million DOGE, valued at approximately $71.2 million at current prices.

Dogecoin has quietly been trying to find its footing again. The price has started to firm up after a period of declines that dragged the meme coin to as low as $0.134 in early December, trading around $0.14 to $0.15 and showing signs that bearish pressure might be easing. 

In that backdrop, a recent chart analysis shared by crypto analyst BitGuru on X shows that Dogecoin could be forming a bullish base, and it offers a possible setup for a rebound towards $0.2.

A Recovery Attempt Begins To Take Shape

The daily candlestick price chart shows Dogecoin rebounding from the lower boundary of its demand zone after briefly dipping beneath it on December 1. That bounce is significant because it represents the willingness to defend the area that held price earlier in July and again during the October pullback. This playout means that Dogecoin has now created a higher low relative to the November breakdown, and this detail means that bullish movement might be moving in.

As it stands, Dogecoin’s price is now pushing back toward the middle of the broader range highlighted in green and teal on the chart below. Recent bullish candle closes on the daily timeframe show that the Dogecoin price is trying to push into that region once again, suggesting that buyers have begun testing the strength of mid-range resistance.

The chart reflects this pattern by displaying earlier price expansions in July and September, both of which unfolded after the Dogecoin price created a higher low.

Dogecoin Price Chart. Source: @bitgu_ru On X

Dogecoin On A Path To $0.188

Dogecoin’s higher-low structure is the signal BitGuru highlights as the earliest sign that momentum may be shifting. Now that the price is now climbing away from the demand zone, the first area to watch is the dotted mid-range line on the chart, which is at $0.188. 

A clean move above that level would mean that buyers have regained control of the market structure. This could open the door for a broader recovery and see Dogecoin returning above $0.20.

At its current price of $0.148, the targets at $0.188 and $0.20 represent gains of roughly 27% and 35%. These levels fall within a range of short-term price targets that Dogecoin could realistically reach before the end of the year if there’s even a little bullish momentum.

However, Dogecoin’s near-term outlook isn’t just about its own chart. Its fate is linked to the broader crypto market, especially Bitcoin. Therefore, Dogecoin’s price action might remain vulnerable to more declines and consolidations unless the wider crypto market turns bullish again. On the other hand, tentative signs of recovery, including rising trading volume, point to a bullish setup for Dogecoin.

Dogecoin is hovering near $0.15, but a cluster of technical and on-chain indicators shared on X suggests the market structure is far healthier than during the last bear phase, prompting fresh upside calls from analysts.

Dogecoin Could Target $1.30

Trader Cryptollica posted a long-term monthly DOGE chart with the Mayer Multiple and a clear message: “DOGE Target > $1.30.” The Mayer Multiple, using 200- and 50-period moving averages with a 2.4 threshold, sits at 0.66005. Visually, that is far below the spikes above 5 that accompanied the 2017 and 2021 blow-off tops, indicating that Dogecoin is not yet in the overheated conditions historically associated with major market peaks.

Cryptollica also highlighted an Alphractal chart titled “Dogecoin: Number of Days Spent at a Loss.” The series overlays DOGE’s price with a multicolour histogram of how long coins have been held in unrealised loss.

Earlier cycle lows around 2014–2015 and the post-2021 unwind show extended peaks above roughly 1,200–1,500 days at a loss. In the latest segment, that metric has compressed back toward the lower end of the scale, resembling the early reset phases that preceded previous advances, and signalling that the proportion of long-suffering holders has markedly declined.

DOGE On-Chain Data Looks Strong

On the shorter-term on-chain side, Ali Martinez (@ali_charts) pointed to a sharp rebound in network activity. “Dogecoin just saw 71,589 active addresses. The biggest spike since September,” he wrote, sharing Glassnode data.

The chart “DOGE: Number of Active Addresses” plots daily active addresses as yellow bars against the DOGE price in black. From early November, activity ranged around 45,000–47,500 addresses while price drifted lower from about $0.17 to $0.14. On December 3, active addresses jumped to 71,589 as price recovered to $0.15181709, signalling a broadening of participation rather than a purely price-driven move.

Ali also drew attention to whale behaviour. Posting a Santiment chart of balances held by addresses with between 1,000,000 and 100,000,000 DOGE, he noted: “480 million Dogecoin bought by whales in 48 hours!”

The grey area representing holdings in this band trends down from around 35.6 billion DOGE in mid-October to below 28 billion by late November while price falls from above $0.18 to about $0.135, indicating sustained distribution. In the final days of the chart, holdings rose again to roughly 28.45 billion as price rebounded from $0.14 to $0.15, confirming a renewed net accumulation phase among large holders.

A third chart from Ali, “DOGE: Cost Basis Distribution Heatmap,” defines the next major technical hurdle. “$0.20 is the key resistance for Dogecoin. That’s where 11.72 billion $DOGE were accumulated,” he wrote.

The Glassnode heatmap highlights a dense band between $0.20284609 and $0.20442947, with an annotated supply of 11,723,527,138.97 DOGE whose on-chain cost basis lies in that range. This cluster marks a heavy realised-price node where a large volume of coins moves from loss to breakeven as spot revisits $0.20, creating a clearly defined resistance zone.

In combination, subdued valuation on the Mayer Multiple, a reset in “days at a loss,” the largest active-address spike since September, recent whale accumulation of 480 million DOGE and a well-defined $0.20 cost-basis wall form a favourable on-chain basis. Whether those higher levels are reached will depend on the market’s ability to absorb the 11.72 billion DOGE supply stacked around $0.20 and sustain the recent improvement in on-chain activity and large-holder demand.

At press time, DOGE traded at $0.14451.

Dogecoin has spent the majority of the past 30 days drifting lower, falling into a tight and almost predictable rhythm of lower highs and lower lows. The movement has been sluggish, but technical analysis shows that something important may now be forming. 

A new analysis shared by crypto commentator Clifton Fx suggests that Dogecoin is approaching the end of this decline, and the chart he posted highlights a falling wedge pattern that could become the basis for a 96% rally if buyers finally step in with conviction.

A Falling Wedge That Has Started Attracting Attention

Technical analysis of Dogecoin’s price action on the 12-hour chart shows two downward-sloping trendlines gradually converging. This pattern is highlighted by coiling price action, with each bounce becoming smaller and the space between the trendlines becoming narrower. 

This structure is what analysts often describe as a falling wedge. It forms during a downtrend, but the more it tightens, the more it hints that sellers are losing control and buyers are quietly gaining ground.

Clifton Fx pointed exactly to this development in his post, noting that Dogecoin is already pushing against the upper boundary of the wedge. The chart he shared shows the price making repeated attempts to break out, something that is typically viewed as early evidence that momentum is shifting. 

As it stands, recent price action in the past 48 hours or so has led to the creation of multiple green 12-hour candles after Dogecoin rebounded from a $0.135 low. This has caused the Dogecoin price to approach the upper resistance trendline, and the outlook depends on what happens here. 

In the analyst’s view, a strong breakout candle above the wedge would confirm that the pattern has completed and that Dogecoin is ready for a sustained move upward.

The Case For A 96% Rally

The appeal of this technical setup is the potential size of the move if the breakout plays out. The wedge spans a wide vertical range, and in technical analysis the height of the pattern is a guide for estimating the rally after a breakout. 

Based on the structure visible on the chart, a successful breakout would open the door for a 96% climb from current levels. However, this doesn’t guarantee that the move will happen immediately. 

Dogecoin has been under pressure for weeks, and a breakout without proper momentum can easily fail. A clean surge above the trendline, preferably one that arrives with rising trading volume, would help confirm that buyers are taking over. 

Anything slower or weaker could see the Dogecoin price rejecting at the resistance trendline and falling to approach the lower support trendline, which is now around the mid-$0.13 range.

The Dogecoin (DOGE) price movement is entering a phase that traders often watch closely, a stretch of tightening action that usually precedes a decisive move.

After several days of elevated activity, shifting ETF flows, and a rare alignment of technical indicators, the memecoin is now sitting at a point where sentiment and structure appear to be converging.

The conversation around Dogecoin is beginning to shift from short-term speculation to whether the asset is preparing for a larger breakout as the year closes.

Recent trading sessions have highlighted a steady rise in activity, driven initially by an 8% price jump that pushed DOGE to the $0.15 region. The move came alongside a 242% surge in volume, reflecting strong participation from retail investors.

DOGE ETF Momentum Builds as Market Structure Tightens

A major catalyst behind recent volatility has been the rollout of multiple DOGE-related exchange-traded products.

Grayscale’s GDOG and Bitwise’s BWOW have recorded early but steady inflows, now totaling nearly $2.9 million since launch. Although the numbers remain modest, analysts view these products as important steps toward bringing Dogecoin into mainstream financial products.

At the same time, technical structure on the charts has narrowed into a symmetrical triangle, a pattern that forms when lower highs and higher lows converge. Current support sits in the $0.145–$0.150 range, with the upper boundary near $0.165. A breakout above this ceiling could open the door to targets between $0.18 and $0.20.

Indicators such as RSI, MACD, and the TD Sequential tool show early signs of shifting momentum, though signals remain mixed and require confirmation through stronger volume.

Retail Traders Lead as Analysts Reassess

Despite rising optimism, institutional traders have taken a more cautious stance. Futures open interest and derivatives volume have cooled, pointing to a market waiting for a clearer direction.

Still, retail participation has continued to rise, and analysts note that Dogecoin’s ascending channel remains intact as long as price holds above the $0.1470 level.

Across higher timeframes, DOGE has also reclaimed a series of higher lows, reinforcing the possibility that the meme token is attempting to build a more sustainable bullish structure.

Some analysts project a potential move toward $0.42 over the coming months if current patterns persist, while more aggressive models leave room for a retest of psychological levels in the $1 range, though such targets remain highly speculative.

Traders are closely watching $0.1470 and $0.1500, as losing these levels could invite a deeper pullback toward $0.138. For now, the market remains compressed, with both sides preparing for the next decisive break.

Cover image from ChatGPT, DOGEUSD chart on Tradingview

Paulo Vidal, a Dogecoin Foundation developer, has created a new protocol that transforms DOGE addresses into International Bank Account Numbers (IBANs). This development could make it easier to link Dogecoin with conventional financial systems, offering a new level of usability for both crypto enthusiasts and mainstream players. While the protocol is still in its early stages, Vidal has shared updates on its developments and insights into its core features. 

Dogecoin Dev Introduces Banking IBAN For DOGE

Dogecoin could be taking a step closer to mainstream financial integration as Vidal unveils an innovative protocol that allows addresses tied to the meme coin to function like bank-validated IBANs. Announced on X this week, the Dogecoin developer explained that his effort to simplify Dogecoin addresses has evolved into a D-IBAN system fully compliant with ISO 13616-1:2020 Standard. 

Vidal has explained that the D-IBAN protocol allows Dogecoin addresses to be formatted in a way that banking systems can easily validate, effectively bridging the gap between cryptocurrency and traditional finance. He explained that the system supports multiple address types, including P2PKH, P2SH, P2WPKH, and time-locked addresses, automatically detecting the type from the address prefix. Additionally, it automatically detects the address type and uses the same MOD-97-10 Checksum algorithm used by banks worldwide. 

The Dogecoin developer notes that the D-IBAN encoding is fully reversible, allowing users to convert back and forth without losing any data. The protocol also formats the IBAN into standard four-character groups for readability, making DOGE addresses more user-friendly and appearing bank-compliant. 

Beyond the core D-IBAN functionality, Vidal has also introduced playful and practical extensions of the system. The DogeMoji protocol converts addresses into memorable, visually appealing emoji sequences—ideal for social media or QR codes. 

The second DogeWords protocol encodes addresses into short, positive word sequences that are easy to read and remember, while maintaining complete reversibility and ensuring accuracy through validation. Both D-IBAN features are designed to make Dogecoin easier to share and interact with in creative ways. 

Community Reacts To D-IBAN Invention

Members of the crypto community who read about Vidal’s new D-IBAN protocol responded with a mix of enthusiasm, curiosity, and caution. Crypto analyst Astro noted that sending fiat to a crypto address via IBAN would require compliance with Anti-Money Laundering (AML) rules, KYC verification, and potentially obtaining a Virtual Asset Service Provider (VASP) license. 

Astro warned that integration with traditional banks could undermine the decentralized narrative of blockchain technology, contending that banks and crypto have inherently conflicting interests. A community member also highlighted that creating a mathematically valid IBAN from a Dogecoin address does not guarantee that banks will process actual transactions. He stated that only IBANs issued by authorized institutions are recognized for fund transfers. 

Vidal addressed these concerns by emphasizing that the D-IBAN protocol is intended to provide optional banking integration rather than enforce it. He argued that banks could handle Dogecoin in a familiar format while users retain full control of their wallets, preserving self-custody and upholding the core principles of decentralization.

On average, December is a positive month for the Dogecoin price, given that some of its wildest rallies have happened during the last month of the year. However, there are still instances where the Dogecoin price has seen major crashes in the month of December, and that could play out once again here. Using data from the CryptoRank website, this report takes a look at how the Dogecoin price has performed in the month of December in recent years, based on its performance in November.

Dogecoin Price Closes November In The Red

The crypto market has had a rough couple of months, and the Dogecoin price has not been left out of this. The last quarter of the year has so far been incredibly bearish, with the meme coin suffering major price crashes in the last two years. CryptoRank data shows that both the months of October and November have ended with double-digit losses, with -20% and -21.3% declines, respectively.

In recent years, the Dogecoin price ending the month of November in the red has led to similar bearish momentum in December. Looking at the last five years, spanning from the last bull cycle into the current one, the months where November has ended in the red have set the tone for the rest of the year.

This was the case back in 2021, when the Dogecoin price saw a -23.4% loss in November, and the following month of December saw a similar -20.7% decline. Then again, in 2022, the trend played out again when November finished in -14.6% in the red, and then December followed up with an even bigger -34.7% crash.

In 2025, the month of November ended with a -21.3% crash, and if this trend holds, then it means that the Dogecoin price could see a double-digit crash in December. Going by the similar previous performances, this could result in a 20% decline in the Dogecoin price.

With the back-to-back declines from the last two months, the Dogecoin price seems to be on track to end the last quarter of the year in the red. So far, the Q4 returns have come out negative at -37.4%, marking the first time in the last four years that the meme coin will be ending Q4 in the red.

Dogecoin is staging a sharp rebound from a key technical level that one analyst has flagged as the potential low of its current correction.

Is The Dogecoin Bottom In?

On X, crypto analyst Kevin (@Kev_Capital_TA) highlighted the $0.138 region as the decisive line. Posting a weekly DOGE chart, he wrote: “$0.138 still holding strong on Dogecoin. If DOGE can hold this level (Macro .382 + 200W SMA) and BTC + USDT hold their respective support and resistance levels then $0.138 will be the lows for this corrective period. Still got work to do. Main focus is still BTC and USDT D.”

His chart shows Dogecoin trading on the 1-week timeframe, with the price recently wicking down into a dense support cluster around $0.138 and rebounding. That area coincides with the 0.382 Fibonacci retracement of the prior advance, explicitly marked “0.382 (0.13827),” and the rising 200-week simple moving average that has now climbed into the same zone. Furthermore, this area coincides with an upward trendline that has guided DOGE’s price action since mid-2023; a decisive break below it would be technically fatal.

The bounce has been visible on lower timeframes as well. DOGE traded as low as $0.13443 yesterday before surging to $0.152 today, gaining more than 13% at the intraday high.

Kevin has been emphasizing this level for weeks. On November 22 he told followers: “$0.138 is massive support on Dogecoin folks. You really do not want to see that lost on 3D-1W closes. Obviously BTC’s performance will be the determiner to that outcome so focus there first along with USDT D.” In his framework, the integrity of the DOGE support cluster is inseparable from Bitcoin’s higher-timeframe structure and stablecoin flows.

The macro background is shifting in his favor. Yesterday Bitcoin rebounded from $86,184 to $92,307, extended to $93,958 today and is currently around $92,816. Commenting on BTC, Kevin noted: “A close above $91K on the 3D-1W candle supports the idea that the counter trend rally is beginning in my BTC corrective phase reversal zone. One day doesn’t make a trend let’s see what we can do.”

That statement builds on his November 25 outlook, where he argued that the corrective phase he has been tracking since August–September on BTC and the “Total 2” altcoin index is nearing completion. “There will be a bottom formed and a counter trend rally in the coming weeks on BTC and Altcoins,” he wrote, adding that “the corrective phase is almost over” but still needs “a little more time to form a proper bottom.”

Kevin’s DOGE chart maps the alternatives clearly. Above, horizontal resistance near the 0.5 Fibonacci retracement sits around $0.19, while lower support is marked at the 0.236 retracement near $0.093 alongside longer-term trendlines.

Whether $0.138 becomes the definitive bottom of Dogecoin’s correction depends on two conditions Kevin keeps repeating: DOGE must continue to hold the macro 0.382 plus 200-week SMA and the uptrend line on 3-day to weekly closes, and Bitcoin must confirm its own counter-trend rally with sustained higher-timeframe strength.

For now, the market has made its tell clear. The answer to whether the Dogecoin bottom is in starts—and potentially ends—at $0.138.

At press time, Dogecoin traded at $0.14976.

Dogecoin’s recent price action has taken an unexpected turn as on-chain data shows whale transactions collapsing to levels not seen in two months. This lack of activity from whale addresses has seen the meme coin falling to an important support area, and it raises the question about whether big players are stepping back from the meme coin.

Dogecoin Whale Activity Falls To Its Lowest Level In 60 Days

Data from on-chain analytics platform Santiment reveals that large transactions on the Dogecoin blockchain recently fell to as low as just 4 in a single day, marking a two-month low in whale participation. Santiment classifies whale transaction count as transactions with a value of $1 million or greater. This drop is notable, as it is a drastic change from the high levels of participation of whale traders in October and early November, which reached as high as 212 whale transactions on October 11. 

This drop is an extension of a steady Dogecoin cooldown that has persisted through the past few weeks. Large-holder activity can serve as a proxy for institutional or high-volume investors. Therefore, the current decline suggests that big players are either waiting for better entry conditions or scaling back exposure.

At the time of writing, Santiment data shows that there were 11 Dogecoin whale transactions in the past 24 hours. Although this is a rebound from the alarming four-transaction low, the current level is far below what is considered a healthy range for a cryptocurrency that relies heavily on sentiment bursts of activity. The reduction in transfers is especially notable at a time when Dogecoin’s price action in the past 24 hours is attempting to maintain an important level above $0.15.

Dogecoin Whale Transaction Count. Source: Santiment

DOGE Holds Support, But Technical Momentum Weakens

Price action in the past few weeks has been mostly bearish price action, and technical analysis shows that the meme coin is now in its longest accumulation phase since its inception. 

Dogecoin Price Accumulation. Source: @galaxyBTC On X

Notably, Dogecoin is going through a spark of strength over the past 24 hours as it bounced from $0.134 and climbed about 11%, but the recovery appears to be generated by retail traders rather than a meaningful return of whale activity. That estimation aligns with the weak inflows into Spot Dogecoin ETFs and the overall quietness from major holders.

It is difficult for the price to build a strong upward trend without whales participating on the buy side. It’s not just the presence of whales that matters, but  the nature of their activity. Earlier in the year, on October 11, whale transactions surged to 212, but most of those were sell orders. The result was immediate and painful, as the Dogecoin price dropped from $0.25 to $0.18 in a single day.

The prices of Ethereum and Dogecoin have followed a similar trajectory to the Bitcoin price crash as the pioneer digital asset continues to lead the crypto market lower. The muted action from Bitcoin has led to speculations that the market is finally headed into another bear trend after rising over the last few years. In this same vein, a crypto analyst has predicted when they believe that the bear market will really start, and that the current trend could still lead to an eventual pump in the market.

Why The Bitcoin, Ethereum, And Dogecoin Prices Could Still Pump

Crypto analyst ChainShinobi explained what is going on in the market, predicting that the trend could end up going against what investors are expecting at this time. According to the X post, while everyone is currently calling for lower prices, it could lead to another pump that culminates in the final top for the crypto market

ChainShinobi predicts what they refer to as “a face-melter”, the type of rally that no one sees coming and takes the likes of Bitcoin, Dogecoin, and Ethereum to possibly new all-time highs. However, instead of using this time to call for higher prices, the analyst believes that it is the best time for investors to actually get out of the market. This pump, which the analyst refers to as an exit window, could provide investors one final chance to actually get out of the market before another price crash.

This is “The moment to lock in massive profit while everyone else is busy blinding themselves with hopium and pushing their targets higher and higher… the same way they dragged their targets lower and lower right now,” the crypto analyst said.

The Same Wave Every Cycle

As for when the Dogecoin, Ethereum, and Dogecoin prices could move into the next bear market, the crypto analyst tells investors not to expect it until next year. More precisely, ChainShinobi believes that the bear market will fully begin by the end of the first quarter of 2025.

When the pump comes, the analyst warns that there could be an influx of bullish sentiment, with bullish news flooding the market. But it is during this time that the market is expected to turn. Essentially, the bear market is expected to begin when investors least expect it. “It’s pretty easy to see what’s coming. You don’t need to overdo TA or PA right now to see the path laid out,” the post read.

Franklin Templeton has taken a significant step that is already drawing attention across the crypto market. The asset-management giant has filed with the US Securities and Exchange Commission to broaden its Franklin Crypto Index ETF, confirming that Dogecoin will officially be added beginning December 1. 

The expansion shifts Franklin Templeton’s product from a Bitcoin- and Ethereum-focused offering into a more diversified crypto basket that gives investors access to a broader range of digital assets through a single instrument. This comes just a few days after Franklin Templeton launched its Spot XRP fund.

Franklin Templeton Expands Into A Wider Multi-Asset ETF

The success of Bitcoin and Ethereum ETFs has encouraged major institutions to look beyond the top two cryptocurrencies and build products that cover a wider range of well-known digital assets. Franklin Templeton’s latest move follows that trend by reshaping its Franklin Crypto Index ETF into a more expansive portfolio that includes several leading altcoins, Dogecoin among them.

The revised structure takes effect on December 1 and shifts the ETF to a design that reflects the broader market rather than a two-asset concentration. Franklin Templeton acknowledged this change through an announcement on X, presenting an updated token lineup that now spans everything from large market-cap cryptocurrencies like Cardano, Solana, and XRP. 

Even within that group, Dogecoin stands out, stepping further away from its reputation as a meme-based cryptocurrency and moving into a more institutionally recognized role.

Dogecoin Steps Into New Phase Of Institutional Exposure

Dogecoin’s inclusion in Franklin Templeton’s expanded ETF comes at a moment when the token is already experiencing increased attention from traditional finance. The first batch of Spot Dogecoin ETFs has only recently entered the market, and this is a milestone that would have been unthinkable a few years ago. 

Grayscale was the first major issuer out of the gate with its GDOG product, followed shortly after by Bitwise, which launched its own Dogecoin ETF at the request of its community. 

Early trading activity for these funds has been modest compared to the spectacular debuts once seen with Bitcoin and Ethereum ETFs, but it is still too early to tell, as the market might still be determining how much institutional interest exists for a meme-origin asset wrapped in a regulated structure.

Several other issuers have filings in progress and are preparing for their own Dogecoin products to go live. Some are positioning themselves carefully to see how the first batch of ETFs performs. According to Bloomberg Senior ETF analyst Eric Balchunas, there are likely about 100 crypto-based ETFs waiting to be launched in the next six months.

Contrary to popular reports, DOGE has “burrowed into the agencies like ticks,” government sources tell WIRED.

Similar to major assets in the cryptosphere, Dogecoin (DOGE) is facing renewed selling pressure as broader crypto market weakness intensifies, pushing the memecoin below several key technical levels.

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The decline occurs amid outflows, a weakening market structure, and fading speculative interest, raising questions about whether a deeper correction may be underway.

Dogecoin Breaks Key Supports as Selling Pressure Mounts

Dogecoin slipped below important support areas after breaking a bullish trend line on the hourly chart, continuing a multi-day downtrend. The price now trades below the 100-hour simple moving average, near $0.13, with MACD momentum strengthening in the bearish zone and the RSI remaining below 50.

The coin declined more than 8% in 24 hours, falling through multiple Fibonacci retracement zones and failing to regain footing above the 23.6% level of the latest swing move.

Analysts note that immediate resistance lies near the 50% retracement of the recent decline. A close above that threshold is needed to ease short-term downside pressure.

Failure to break above these resistance areas has kept momentum tilted toward sellers, with a retest of recent lows likely if the market does not stabilize.

Weak Flows and Derivatives Contraction Deepen Market Strain

Spot market flows show persistent distribution. Recent data revealed a $5.7 million outflow, extending the multi-month trend of reduced accumulation from large holders. Earlier inflows that supported rallies toward $0.30 have given way to steady red prints, reflecting waning confidence among major players.

Derivatives markets reinforce the weakening structure. Open interest has dropped more than 9% as traders unwind positions rather than add exposure during declines.

Long-short ratios show a mild long bias, but price action has repeatedly invalidated those positions, triggering waves of long-side liquidations whenever DOGE attempts to rise above short-term moving averages.

These repeated failed rallies have kept Dogecoin locked beneath declining EMAs between $0.154 and $0.202, a structure analysts say remains firmly bearish.

DOGE ETF Disappointment and Market Rotation Add Further Pressure

Dogecoin’s recently launched ETFs have not provided support. Combined inflows from major issuers barely surpassed $2 million, far below expectations and significantly weaker than the debut flows seen in Bitcoin or Ethereum funds.

The soft demand has signaled limited institutional appetite for the memecoin, contributing to negative sentiment.

Related Reading: XRP Hit By Violent 59% Leverage Flush As Speculators Slam The Brakes

Meanwhile, market rotation is moving toward utility-focused assets and payment-driven networks. Declining volume and low whale activity suggest traders may be shifting away from meme assets in favor of projects showing faster adoption and real-world use cases.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

A fresh analysis points to a developing bullish pattern that may set the stage for a massive surge in the Dogecoin price. The crypto analyst who shared this analysis argues that the current structure in DOGE’s trend suggests the early formation of a recovery move strong enough to trigger a 174% price rally. With momentum building and technical indicators aligning, this new setup could be the catalyst that pushes Dogecoin out of its downtrend. 

Dogecoin Price Trend Signals 174% Rally

Dogecoin is entering a phase that analysts say could be the beginning of a powerful bullish structure forming on the charts. According to crypto market expert Javon Marks, the popular meme coin is maintaining a series of signals pointing toward a major upside continuation phase. If confirmed, these developments could open the door to an explosive 174% rally in the weeks ahead.

Marks explained that Dogecoin’s price behavior is beginning to reflect a bullish trend that could accelerate rapidly. The chart shows that momentum indicators are displaying early signs of strength and recovery while key support levels have remained firmly intact. This combination is laying the foundation for a much bigger breakout, one that the analyst predicts could spark a rally well above 174%. 

The analysis shows that the projected 174% rally is part of a broader recovery wave, with Dogecoin expected to reach $0.374 as its first target. Beyond that stage, a more ambitious goal sits near $0.6533, a level that lies more than 315% above DOGE’s current price of $0.136. Even more impressively, Marks has forecasted an explosive surge to $1.25, representing a staggering 820% increase in the meme coin’s price. 

The accompanying chart shows Dogecoin forming a series of higher supports following a prolonged corrective period. According to Marks, this developing trend shows that the meme coin is maintaining strong bullish signals despite its volatile price action over the recent months. The chart also displays a clear break from its extended downtrend, followed by a sequence of impulsive waves that continue to hold above previous lows.

Dogecoin Eyes Breakout Above Key Resistance Zone

Sharing similar bullish sentiments, crypto analyst Sudelytic notes that Dogecoin is showing signs of a resurgence after a prolonged period of quiet activity. According to the expert, the meme coin is approaching a key resistance zone between $0.30 and $0.35, a price range that could determine its next move.

If Dogecoin breaks above this zone with strength, Sudelytic predicts it could target new levels above $1.5. Despite its strong breakout potential, the analyst cautions that this resistance area is challenging to overcome. A failure to move past it could result in additional sideways action before any significant upward momentum returns. 

Given the significance of this resistance, Sudelytic notes that Dogecoin’s price action is being closely monitored. He points out that the meme coin’s history of unexpected rallies is the key reason why he remains optimistic about its outlook. 

Dogecoin’s entry into the ETF market has changed the tone of the entire meme-coin sector, possibly opening the door for the likes of Shiba Inu and BONK. What began as a community hype token is now tied to a fully regulated product, and that achievement has pushed attention toward other popular meme coins. BONK and Shiba Inu are now the next names being discussed as institutions explore broader exposure to alternative cryptocurrencies.

BONK Moves Ahead With A Fully Listed ETP In Europe

Although the early inflows into Dogecoin’s ETF launch have been largely more underwhelming than what most expect, the establishment of an exchange-traded product for the king of meme coins opens up conversations about other meme coins. 

BONK is a standout example, taking a decisive step forward with the launch of an exchange-traded product tied to the meme coin on the SIX Swiss Exchange. The debut immediately led to an intraday rally as traders reacted to the token gaining a presence on one of Europe’s most established regulated markets. 

SIX is Switzerland’s largest and Europe’s third-largest stock exchange. Therefore, the ETP gives investors access to BONK without having to manage custody themselves, making it far easier for traditional market participants to gain exposure.

This development builds on BONK’s rising activity within the Solana ecosystem. Its trading volume and market capitalization have been climbing for weeks, and the ETP adds a form of legitimacy rarely given to meme coins. BONK now joins a very small group of community hype tokens that have crossed into regulated investment territory, giving it a stronger foundation as demand from new classes of investors grows.

The new BONK ETP was issued by Bitcoin Capital, a firm known for launching multiple cryptocurrency ETPs across major European markets. “With the Bonk ETP now listed on SIX Swiss Exchange, investing in Bonk has never been easier. Investors don’t need crypto expertise; they can trade Bonk just like any other stock. We’re making community-driven digital assets accessible to everyone, while meeting high security and regulatory standards,” added Marcel Niederberger, CEO of Bitcoin Capital 

Shiba Inu Attracting Institutional Interest

Shiba Inu has not yet secured an exchange-traded product of its own, but the token is steadily carving out its place in the wider fund landscape as major institutions begin weaving it into their early product designs. Even as Shibarium’s activity has cooled in recent weeks, SHIB is still part of broader conversations about regulated exposure.

One of the clearest examples comes from T. Rowe Price, a heavyweight in traditional finance with more than $1.7 trillion in assets under management. The firm recently submitted a filing for an actively managed crypto ETF that lists SHIB among its holdings.

Shiba Inu also appeared in Grayscale’s assessment of cryptocurrencies viewed as structurally viable for future spot-ETF models. These developments indicate that long-term positioning for Shiba Inu is becoming stronger as institutions evaluate which assets fit into their next generation of crypto funds.

Large Dogecoin holders have sharply reduced their on-chain activity, with whale transactions falling to their lowest level in more than two months, according to fresh network data shared by on-chain analyst Ali Martinez.

Posting a Santiment chart on X, Martinez stated that “whale activity on the Dogecoin network has dropped to the lowest level in the past two months.” The chart tracks DOGE’s price against the number of transactions larger than $1 million. It shows frequent, tall spikes in high-value transfers in early October 2025, when price was oscillating near the upper end near $0.27.

Dogecoin Whales Plummets Sharply

On the day of the October 10 crash, the largest peak occurred when more than 280 Dogecoin whales made a transaction. This was followed by a progressive decline through late October and November. By November 29, the whale-transaction bar fell to 3 even as price trades around $0.15.

The drop has sparked debate about what it signals for market structure and liquidity. Responding to Martinez, analyst account CryptoGames3D argued that “whale activity dropping on Dogecoin could mean one of two things: either whales are holding tight and waiting, or they’re stepping out of the game; both cases bring risk. With low liquidity from big holders, even modest selling could hit prices hard.” The comment underlines concerns that thinner participation from large entities can make order books more fragile if conditions turn.

In a separate post on November 29, Martinez outlined what he called “key levels for Dogecoin DOGE,” citing “support at $0.08” and “resistance at $0.20.” Those levels are mirrored in a Glassnode cost-basis distribution heatmap he shared, which maps DOGE’s price since early 2024 against realized price bands where supply last moved.

The heatmap reveals a dense cluster of supply around $0.08. A highlighted range between roughly $0.07999 and $0.08145 contains about 27.37 billion DOGE, marking it as a major realized-price support zone. Higher up, a second but thinner band between approximately $0.20103 and $0.20470 holds around 12.22 billion DOGE, forming a significant resistance cohort. The color scale, running from about 5 million to 31 billion DOGE, emphasizes how pronounced the lower cluster is relative to other price areas.

Taken together, the datasets present a tightly framed picture. DOGE is currently trading between a heavy long-term holder cost basis near $0.08 and a resistance pocket around $0.20, while the count of $1 million-plus transfers has compressed to a multi-month low.

At press time, DOGE traded at $0.137.

Dogecoin started a fresh decline below the $0.150 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1420.

• DOGE price started a fresh decline below the $0.150 level.
• The price is trading below the $0.1450 level and the 100-hourly simple moving average.
• There was a break below a key bullish trend line with support at $0.1520 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could extend losses if it stays below $0.150 and $0.1450.

Dogecoin Price Dips Again

Dogecoin price started a fresh decline after it closed below $0.1520, like Bitcoin and Ethereum. DOGE declined below the $0.150 and $0.1450 support levels.

More importantly, there was a break below a key bullish trend line with support at $0.1520 on the hourly chart of the DOGE/USD pair. The price even traded below $0.1380. A low was formed near $0.1369, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1566 swing high to the $0.1369 low.

Dogecoin price is now trading below the $0.1450 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1420 level. The first major resistance for the bulls could be near the $0.1465 level and the 50% Fib retracement level of the downward move from the $0.1566 swing high to the $0.1369 low.

The next major resistance is near the $0.1490 level. A close above the $0.1490 resistance might send the price toward the $0.1520 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1620.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1465 level, it could continue to move down. Initial support on the downside is near the $0.1370 level. The next major support is near the $0.1350 level.

The main support sits at $0.1330. If there is a downside break below the $0.1330 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1350 and $0.1250.

Major Resistance Levels – $0.1420 and $0.1465.

The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold.

Spot DOGE ETFs Off To A Slow Start

When Grayscale rolled out its Spot DOGE fund (GDOG) on November 24, inflow volume clocked in at just about $1.8 million on the first day, far below the estimates some market participants had forecasted. For example, Eric Balchunas, senior ETF analyst at Bloomberg, predicted that the ETF will witness a $12 million volume on the first day of trading.

According to data from SoSoValue, net inflows across the DOGE ETFs by Grayscale and Bitwise added up to just over $2.16 million over the course of the initial trading week. This shows that institutional and retail investors are somewhat cautious when it comes to investing in the meme cryptocurrency. 

This is in contrast to the strong opening inflows seen by other altcoin ETFs, such as those for Solana (SOL) and XRP which were launched in the past few weeks. Furthermore, the lackluster uptake has raised doubts about whether the ETFs will ignite the kind of renewed interest in DOGE that some backers hoped for.

Technical Outlook Suggests Bullish Potential To $1

Even though ETF demand is currently tepid, multiple technical outlooks point to a potentially more optimistic outcome for Dogecoin. One technical outlook from crypto analyst Ali Martinez identifies key support at roughly $0.08, with resistance around $0.20. This support level harkens back to a time when DOGE dipped below $0.10, before launching into a multi-month rally to $0.50 after the US elections.

Dogecoin Key Price Levels. Source: @ali_charts On X

More bullishly, a multi-week technical breakdown done by crypto analyst XForceGlobal suggests that DOGE might be wrapping up a long-term corrective phase and positioning for a fifth wave, which is a powerful upward impulse according to the Elliott Wave Theory. That wave could push prices well beyond current levels, with intermediate targets potentially between $0.33 and $0.50, and a longer-term stretch to $1.

Similarly, crypto analyst Trader Tardigrade believes Dogecoin has dropped back onto the same long-term support zone that previously led to major rallies, calling it the launch pad for the next big move. His weekly chart highlights how Dogecoin’s price action has repeatedly bounced from this ascending trendline, producing gains of more than 80%, 210%, and even over 440% since October 2023. 

Dogecoin Technical Analysis. Source: @TATrader_Alan On X 

The analyst says the pattern is intact once again, and if the support at $0.15 holds, Dogecoin could follow the same structure into a larger expansion phase. Based on his projection, that continuation would give Dogecoin enough momentum to make a gradual 610% climb to $1 by 2026.

At the time of writing, Dogecoin is trading at $0.15 and is close to either rebounding or breaking below the support.

Featured image from Unsplash, chart from TradingView