Whale Dogecoin bought over 80 million DOGE in 24 hours – Sign of recovery?

Dogecoin has faced strong selling pressure in recent weeks, with global tensions and macroeconomic instability dragging down risk assets broadly. The wider market correction, driven by concerns about a global recession and escalating trade disputes, has significantly impacted meme coins, including Dogecoin. After establishing a new local low, DOGE now seems to be making an effort to recover. In a potential shift in sentiment, Dogecoin is starting to move in an upward direction, testing key resistance levels that could determine the next phase of the trend. The return of bullish momentum comes as new chain data from Santiment reveals a notable development: whales have purchased over 80 million DOGE in the past 24 hours. This strong accumulation by large holders has sparked new optimism, signaling increasing confidence among key players despite the overall market volatility. With the volatility still high and DOGE at a technical inflection point, the coming days will be very important. Whether this whale activity marks the beginning of a broader upward trend or just a temporary recovery remains to be seen—but currently, the data indicates a shift in momentum that investors will be closely watching. Dogecoin is struggling to recover as global tensions weigh on the market. Dogecoin is one of the cryptocurrencies most severely affected in the recent market downturn, losing over 70% of its value since its peak in December. Once considered a symbol of retail enthusiasm and viral momentum, DOGE is now leading the meme cryptocurrency segment into a deeper decline. Investors who once had high hopes for the continuation of last year's upward trend are now facing a reality check, as macroeconomic instability and geopolitical risks continue to pressure high-volatility assets. The recent escalation of tariffs by U.S. President Donald Trump—along with retaliatory actions from China—has heightened concerns about a prolonged trade war, adding to the instability of already fragile markets. Stocks, commodities, and cryptocurrencies have all experienced extreme volatility, but meme coins like Dogecoin have been the most affected. Without strong use cases or fundamental support, sentiment-driven assets like DOGE tend to face the most significant sell-offs when risk aversion spikes. Despite the broader negativity, there are still accumulation signs that could bring hope for change. According to data shared by top cryptocurrency analyst Ali Martinez, whales have purchased over 80 million DOGE in the past 24 hours.

This buying activity shows that some major players see the current level as an attractive entry point—even if a full recovery has not yet materialized. Currently, Dogecoin remains in a vulnerable position, but the increasing interest from whales could be a signal worth monitoring. DOGE is fighting against a key resistance level after rising 25% from its local low. Dogecoin is trading at $0.163 after a strong increase of 25% from a recent low of $0.13, signaling a potential shift in momentum after weeks of continuous selling pressure. The meme coin, which was one of the worst-performing coins during the recent market downturn, is currently testing a key resistance area that could determine its next move.

Bulls are currently eyeing the 4-hour moving average 200 (MA) and the exponential moving average (EMA), both of which are around the $0.17 mark. Regaining this level is essential to confirm short-term strength and create a sustainable recovery. So far, price action shows an increasing interest, but macroeconomic headwinds and caution across the market continue to limit upside potential. On the other hand, if Dogecoin fails to break through the 0.17 dollar threshold and slides below the current level, the risk of a deeper correction remains. Such a move could push the price back to the support zone of 0.14–0.13 dollars, erasing recent gains. With volatility still high across the cryptocurrency market, DOGE traders will closely monitor this resistance level for signs of confirmation—or rejection.