Dogecoin whales just moved with conviction. Over a 96-hour window ending May 4, large holders accumulated roughly 160 million DOGE, approximately $18 million worth, pushing the memecoin above the $0.11 resistance level that had capped its price for months.
The accumulation was first flagged by analyst Ali Martinez on X and subsequently confirmed by on-chain data from Santiment.
Large-holder balances rose from 17.82 billion to 18.15 billion DOGE across that 96-hour stretch, whales now control roughly 11% of circulating supply.
Price responded sharply: DOGE surged from $0.1075 to $0.1119 in a single high-volume burst. Open interest in DOGE futures climbed nearly 30% to $1.77 billion over the past week, with the long/short ratio hitting 1.8, meaning the derivatives market is decisively leaning bullish.
Bitcoin reclaiming $80,000 provided macro tailwinds, but the DOGE move looks self-propelled. Both the MACD and Stochastic RSI flashed buy signals on TradingView simultaneously, a confluence that traders rarely ignore.
Can Dogecoin Price Hit $0.13 This Week?
DOGE is in a strong short-term structure right now, holding above multiple key EMAs, which is a bullish signal. The volume spike to around $2B adds weight, that is, real participation, not just noise.
The missing piece is the 200-day EMA. Until DOGE reclaims that, the trend is improving but not fully flipped.
$0.109 is the key support. As long as that holds, the structure stays bullish and keeps the path open higher.
On the upside, $0.12 is the next major level, and clearing it opens the move toward $0.13.
The risk is momentum overheating. RSI is already elevated, so a pullback toward $0.10 is possible before continuation.
Most likely, DOGE either consolidates between $0.109 and $0.12 or pulls back slightly before pushing higher.
So this is a bullish setup with strong volume, but it needs either a cooldown or a clean break above resistance to keep expanding.
Maxi Doge Could Skyrocket if DOGE Sustains This Pump
DOGE at $0.11 is still a solid trade, but the reality is the asymmetry is gone. At a ~$16B market cap, even strong moves tend to be measured rather than explosive.
That is why some traders rotate earlier, looking for setups where the move has not happened yet.
Maxi Doge is getting attention in that lane. It is a meme token built around trading culture, featuring staking, competitions, and a treasury designed to support liquidity and growth. The presale is around $0.0002816 with roughly $4.76M raised, showing steady traction.
The appeal is clear; it is early, narrative-driven, and positioned where traders look for higher upside.
But it is still a presale. Liquidity is not guaranteed, execution matters, and volatility can be extreme once it launches.
So the trade-off is simple: DOGE offers a more established but limited upside at this stage, while something like Maxi Doge offers earlier positioning with higher potential, but significantly higher risk.
VISIT Maxi Doge HERE.
The post Dogecoin Whales Just Accumulated $18 Million in 96 Hours: Is the $0.13 Breakout Finally Coming? appeared first on Cryptonews.
Credit: Source link
