Over 525 million DOGE has been collected by major investors in the Dogecoin market in the last 96 hours. According to the report by analyst Ali Martinez based on Santiment data; This buying wave proceeds in parallel with the technical outlook on the charts. It is stated that the squeeze in Dogecoin’s price chart is the main trigger of this buying movement in the market.
Critical level in technical analysis
According to the news, DOGE is trading in a classic compression zone around the 200-day moving average. This important level is positioned at around $0.117. Since the beginning of 2026, Dogecoin has been below this resistance.
However, the current chart structure reveals that short-term bottoms have moved up and formed a strong support line. This merger, which is approaching the 200-day average for large investors, may open the door to a drastic change of direction for the first time in the year.
Mini dictionary: 200-day moving average is a technical analysis tool that shows the average of the closing prices of the asset in the financial markets over the last 200 days and is especially effective in determining the direction of the long-term trend.
The move of the whales and the attitude of the individual investor
Looking at this table; The comment that whales collected DOGE from small investors who sold in panic before the big price movement started stands out. However, this buying rally contrasted with the silence in traditional financial markets.
No transactions were recorded in US spot ETFs for Dogecoin over the last four days. The last entry was 860 thousand 960 dollars on May 18.
From the outside, despite this optimistic picture on the chain, the stagnation in traditional markets is noteworthy.
| DOGE Whale Purchase | Spot ETF Entry |
|---|---|
| 525 million DOGE (in 96 hours) | $860,960 (May 18) |
| high activity | Zero transactions in the last 4 days |
Prominent risks in the future of Dogecoin
All this technical mobility does not eliminate the fundamental limits of Dogecoin. Billy Markus, one of the founders of DOGE, mocked investors’ expectations of a market value of $20 trillion on social media yesterday. Markus pointed out the market realities, noting that this figure would even exceed the total gold reserves in the world.
Conditions for a long-term breakout
Experts are of the opinion that whale purchases alone are not enough for Dogecoin to enter a truly permanent uptrend, despite the current technical bounce. For this, it is often emphasized that DOGE must be integrated into the real economy. In particular, the launch of payment integration with Elon Musk’s X Payments system may open the door to a long-term transformation in Dogecoin.
It is claimed that Dogecoin’s market dynamics may change completely if the 200-day average is exceeded. However, if this main resistance cannot be overcome, DOGE may be trapped in the current price range for a while longer.
