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Top market analyst Ali Martinez reports that whales have quietly amassed over 500 million Dogecoin (DOGE) since March 31, highlighting robust demand for the leading meme coin despite its price remaining largely stagnant.
The accumulation is not a new pattern. Last month, whales reportedly bought 470 million DOGE in a 72-hour buying spree, a move that suggests major holders remain confident in the coin’s potential.
Despite the whale activity, Dogecoin has stayed range-bound. It is trading around $0.094, with low volatility between $0.087 and $0.101.
Analyst Ace describes a market with competing forces: sellers are defending resistance at $0.09413–$0.09562, while buyers are holding support near $0.08817–$0.08928.
According to the analysis, the ongoing two-way absorption—where large holders steadily absorb sell orders at support while resistance holds—has helped create a stable floor and keep price movements contained. This setup is framed as a potential buildup ahead of a future breakout.
The article also points to renewed community attention after the revival of the “Dogefather” meme by Elon Musk. While such events may not produce immediate price spikes, they are described as important for sustaining investor interest and keeping the community engaged.
Overall, the combination of whale accumulation and continued meme-driven engagement is presented as positioning Dogecoin for a pivotal phase.
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