Dogecoin’s 10% Rally: Whales, Trading Volume and Mixed Signals

Dogecoin’s price has climbed about 10% in the last week, a move that experts link mainly to large‑wallet buying rather than ordinary investors. On a single day, the network recorded 739 transactions each worth over $100 000 – the biggest count in six months. Meanwhile, 149 wallets that hold at least 100 million DOGE now own roughly 108. 5 billion coins, worth about $11. 6 billion. Futures traders have also stepped in: open interest hit $1. 6 billion, the highest since early 2026, and daily trading volumes hit their biggest levels since late 2025. These numbers hint at more speculative bets and stronger directional moves.

Chart analysts give mixed views. One says the TD Sequential indicator may warn of a short‑term selloff, pointing to a seasonal “Sell in May” trend. Another points out a bullish monthly pattern that could signal a longer‑term reversal, but stresses that the price must keep moving up past key resistance to confirm it. A third trader notes that Dogecoin is testing a support line tied to Bitcoin; the coin could either hold and keep rising or break below, ending the current uptrend. The overall picture shows heavy whale activity driving the price jump, while traders remain split on whether the rally will continue or stall.

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