Is Dogecoin (DOGE) Gearing Up for Rebound? Whales Move and Key Patterns Point to a Rally

Date: Sunday, March 09, 2025 | 05:05 PM GMT

Dogecoin (DOGE), a leading memecoin, has experienced a significant downturn following its November 2024 rally, peaking at $0.48 on December 8th. Over the past 90 days, DOGE has corrected by approximately 60%, dropping to $0.17.

Source: Coinmarketcap

This sharp decline has understandably shaken investor confidence. However, recent whale activity and historical price patterns suggest a potential bullish reversal.

Whale Accumulation

While retail investors react to the price drop, significant Dogecoin holders are acting differently. Crypto analyst Ali Martinez reports that whales (holders of over 1 billion DOGE) have accumulated a substantial 1.7 billion DOGE in the past 72 hours.

Source: @ali_charts (X)

This aggressive accumulation indicates that these large investors see the current price as a buying opportunity. Historically, such whale accumulation often precedes price rebounds due to increased demand exceeding supply.

Historical Price Patterns Suggest a Rally

Analysis of DOGE's historical price action reveals a recurring pattern: major corrections have consistently been followed by strong rallies.

Source: @_CryptoSurf (X)

@_CryptoSurf's analysis highlights past corrections (indicated by white circles on their chart) which were all followed by significant upward movements. Each time DOGE entered the green accumulation zone, a powerful surge ensued, initiating a new uptrend. If this pattern repeats, DOGE could be entering another significant rally, potentially pushing its price back towards previous highs.

Conclusion

Despite recent bearish sentiment, the combination of whale accumulation and recurring historical patterns points towards a potential bullish turnaround for Dogecoin. Sustained market strength and increased demand could propel DOGE into a new rally phase.

However, investors should exercise caution and conduct thorough independent research before making any investment decisions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.