Dogecoin (DOGE), the world's leading meme coin, is attracting significant attention from crypto whales and investors due to its appealing price point. Santiment data reveals that whales have acquired a substantial 150 million DOGE over the past three days.

Crypto Whales Acquire 150 Million DOGE

This large purchase occurred while DOGE consolidated near the crucial support level of $0.185. This suggests whales are taking advantage of the current bearish sentiment to accumulate the token, despite potential further price declines.

Current Price Momentum and Technical Analysis

DOGE is currently trading at $0.19, experiencing an over 8% price drop in the last 24 hours. However, trading volume surged by 50% during the same period, indicating increased trader and investor activity and potentially a bullish outlook within the community.

CoinPedia's technical analysis shows DOGE consolidating within a tight range, currently at the key support level of $0.185. A daily candle close above $0.21 could trigger a potential 20% surge to $0.25 in the short term.

The Relative Strength Index (RSI) is near 35, indicating weak momentum, which may contribute to DOGE's current price struggles.

Significant DOGE Outflow from Exchanges

Another noteworthy trend is the ongoing outflow of DOGE from exchanges. Coinglass data shows consistent outflows since February 2025, suggesting accumulation by long-term holders and investors. Over $43 million worth of DOGE has flowed out of exchanges in the past 48 hours, further supporting this accumulation theory and potentially indicating a future price recovery.

Combining on-chain metrics with technical analysis suggests a bullish investor sentiment for DOGE in the longer term, although short-term market corrections remain possible.