Dogecoin price soared 10% within the last 24 hours as whale wallets accumulated more than 220 million DOGE.
The surge came amid a broader crypto market rally, with Bitcoin climbing past $89,000 and Ethereum trading near the $3,000 mark.
The trading volume of DOGE increased by a huge margin of 70% to $2.12 billion. The rally was after a verified breakout of the bottom on the weekly chart, that was an occurrence of a possible change in trend.
A bullish reversal candle was also printed in Dogecoin price, with the likelihood of a lasting rebound growing. The growth of the meme coin is in line with the overall 1.84% growth in the market within the same period, with the 7-day growth of 3.27%.
As additional sentiment gains throughout the cryptocurrency market, Dogecoin is likely to experience additional gains. The continued altcoin momentum is also being supported by a rise by Bitcoin to the $90,000 mark and Ethereum rallying above $3,000.
Dogecoin Jumps as Whales Accumulate 220 Million DOGE in 24 Hours
Large holders accumulated more than 220 million DOGE within the last 24 hours, according to data shared by market trackers. The purchase was accompanied by the significant increase in the price and trading volume of Dogecoin.
According to market data, Dogecoin increased by approximately 10% over the period, and the amount of trading increased significantly per day. The spurt indicates revived attention by high-value wallets following weeks of dull price action.
The presence of whales is a generally positive indicator of increased confidence among large investors, particularly when there are larger market recoveries. Bitcoin and Ethereum also increased and contribute to the positive mood in the largest cryptocurrencies.
BREAKING: 🔥 🐕 Whales purchased over 220 million $DOGE (Dogecoin) in the last 24hrs. pic.twitter.com/WHY6tIyPG5
— CEO (@Investments_CEO) January 2, 2026
As of the time of writing, Dogecoin was trading on recent gains with traders tracking the potential of whale demand to sustain future gains. Analysts are still monitoring on-chain data and volume trends to assure them of the continued momentum.
Dogecoin Price Eyes $0.15 as Bulls Regain Short-Term Control
As of the reporting time, the DOGE price trades near $0.132 after a steady intraday rebound on the four-hour chart.
The MACD indicator has become positive with the histogram growing above the zero line under the four-hour timeframe. The move is an indication of bullish optimism after several weeks of lateral price action.
Meanwhile, RSI has already surged to over 70, which indicates a high level of buying power but gives a hint that the cooling of the market in the near future might be possible.
On the positive side, DOGE has resistance at around $0.140, above which the sellers supported the price this month.
An established breakout of more than $0.140 may pave the way to the level of resistance at $0.150. In addition to that, the following upside target will be close to $0.20 as the future Dogecoin outlook remains.
On the negative side, the inability to keep $0.130 can subject DOGE to a pullback at the support of 0.120. A further correction would get to the point of demand that is still one of the major demand zones of the chart, a $0.110 area.
