Dogecoin Price Coiling for a Monster Move – Are Whales Betting on $5 DOGE?

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Alejandro Arrieche

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Alejandro Arrieche

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Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has...

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Last updated: 

May 1, 2025

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Dogecoin (DOGE) has climbed 6% over the past 30 days and is currently holding strong at $0.1800 – but the real story lies in what’s happening behind the scenes.

On-chain data shows whales are aggressively accumulating DOGE following a bullish breakout above key EMAs, hinting at a major move in the making.

Popular crypto analyst Ali Martinez, who has over 136,000 followers on X, revealed that whales snapped up 100 million DOGE in just one week – a staggering $15 to $18 million investment that signals rising confidence in a much bigger rally ahead.

DOGE is the dominant force in the meme coin category with a market cap of $27 billion that accounts for nearly 50% of the market value of this entire segment.

Hence, Dogecoin is to meme coins what Bitcoin (BTC) is to all cryptocurrencies.

Whale accumulation is typically considered a bullish signal as these deep-pocketed investors are often referred to as the ‘smart money’.

Their behavior often reflects what institutional players think about the market’s outlook. Hence, this buying spree supports a bullish Dogecoin price prediction.

Trading volumes in the past 24 hours have increased by nearly 20% as DOGE experienced a 1.7% uptick following the release of a positive non-farm payrolls report in the United States.

Dogecoin Price Prediction: DOGE Eyes Breakout as Whales Accumulate and Bullish Signal Nears

The daily chart shows that DOGE formed a textbook double bottom at $0.1400, then surged with conviction, breaking above its 21-day exponential moving average (EMA) on strong volume.

Since then, price action has continued to respect this key level, with momentum indicators flashing increasingly bullish signals.

The Relative Strength Index (RSI) remains above the signal line, while the MACD histogram is gaining strength once again – both suggesting upward pressure is building.

DOGE now looks poised to retest the $0.2200 level and challenge its 200-day EMA – a key technical line that often determines longer-term trend direction.

A bullish crossover between the 21-day and 200-day EMA would confirm a powerful buy signal. The last time this happened was in October, and DOGE went on to rally 224% within just a couple of months.

With whale accumulation rising and broader sentiment improving, a run to $5 may sound ambitious, but in crypto, especially with growing DOGE adoption, anything is possible.

As the market’s outlook improves, the most promising crypto presales of the year like Fantasy Pepe (FPEPE) could outperform well-established tokens like DOGE.

Fantasy Pepe (FPEPE) Presale Kicks Off with Nearly $250K Raised in Just a Few Days

Fantasy Pepe (FPEPE) is a fantasy football game where users can earn rewards by predicting match outcomes – all powered by an AI-driven results engine.

This blockchain-based game offers multiple formats including a league and individual matches. Users can participate and help select which teams make it to the list.

FPEPE is the utility token that powers the Fantasy Pepe ecosystem. Users can bet FPEPE based on their predictions and earn if the team they choose wins the match.

The development team plans to partner with top teams and players who can promote the FPEPE meme coin to their fan bases.

As the game gains traction, demand for FPEPE is expected to grow rapidly.

At its current discounted presale price of $0.000321, the token presents a strong upside opportunity for early investors.

To buy FPEPE, just go to the Fantasy Pepe website and connect your wallet (e.g. Best Wallet).

You can either swap USDC, USDT, or ETH for this token or use a bank card to make your investment.