Key Takeaways: Dogecoin's largest holders added roughly 470 million tokens as the memecoin defends the $0.070 support level ahead of a White House crypto meeting.
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Dogecoin holds $0.07 as whales buy 470M DOGE before Trump meeting
Dogecoin trades near $0.070 as large holders accumulated roughly 470 million tokens, with traders awaiting a White House crypto meeting involving Trump.
Santiment data shows wallets holding between 10 million and 100 million DOGE increased their share of circulating supply to more than 12.18 percent as of Wednesday, up from 11.86 percent last Saturday.
Futures open interest dipped 1.2 percent to $1.19 billion over 24 hours, with volume falling 46 percent, according to CoinGlass. The long-to-short ratio rose to 1.0803, its highest in more than a month, while funding turned positive at 0.0092 percent.
A daily close above $0.072 would open a path toward the 50-day EMA at $0.074 and the 100-day EMA at $0.081. A break below $0.068 support would invalidate the recovery attempt and could trigger renewed selling toward $0.065.
Whale accumulation diverges from smaller holders
The accumulation marks a notable split from smaller participants. Wallets holding between 100,000 and one million DOGE sold roughly 10 million tokens over the same period, according to Santiment. Concentration among large holders can increase volatility, since sizeable transactions from a few wallets may have an outsized effect on price.
The White House meeting, which involves Trump and crypto industry leaders, could drive a significant move in DOGE given the memecoin's historical sensitivity to political and regulatory headlines. Positive news from the session could push the token higher, while a negative outcome risks accelerating the selloff.
Technical levels: $0.072 is the line in the sand
DOGE remains about 12 percent below its July peak of $0.079. The Relative Strength Index sits near 49, slightly below neutral, showing bearish momentum is easing. The Moving Average Convergence Divergence is producing modestly positive signals.
Immediate resistance sits at the Bollinger Bands' middle line around $0.070, followed by the upper boundary near $0.072. A daily close above $0.072 could allow DOGE to challenge the 50-day EMA at $0.074. Clearing that level would open the path toward the 100-day EMA at $0.081 and the psychological $0.080 region.
On the downside, the lower Bollinger Band at $0.068 provides the first meaningful support. A daily close below $0.068 would invalidate the early recovery attempt and could trigger renewed selling pressure.
The broader crypto market showed mixed action this week. Bitcoin traded near $64,000 as whale addresses holding more than 10,000 BTC accumulated 46,420 coins over 60 days, the largest buildup since March 15, according to CryptoQuant. Ether added 1 percent to reach $1,888, while XRP rose half a percent to $1.02.
For DOGE, the next sessions will determine whether whale accumulation can translate into a sustained recovery. The White House meeting and the $0.072 resistance level are the two key variables traders are watching.
This article is for informational purposes only and does not constitute investment advice.
[1] Dogecoin price prediction: Can DOGE hold $0.07?[2] Dogecoin's whale buying is rising fast: can DOGE reclaim $0.07 next?[3] Dogecoin price flashes a recovery signal as whales quietly buy the dip[4] Bitcoin (BTC) Price: Whales Add 46,420 BTC as Long-Term Holder Supply Falls Near $65K[5] Bitcoin Whales Add 46,000 BTC but Weak Network Activity Clouds Recovery
