{"id":17523,"date":"2025-03-13T05:46:47","date_gmt":"2025-03-13T05:46:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17523"},"modified":"2025-03-13T05:46:47","modified_gmt":"2025-03-13T05:46:47","slug":"dogecoin-whales-accumulate-amid-price-crash-analyst-reveals-catalyst-that-could-drive-doge-to-0-5","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17523","title":{"rendered":"Dogecoin Whales Accumulate Amid Price Crash, Analyst Reveals Catalyst That Could Drive DOGE To $0.5"},"content":{"rendered":"
\n

Crypto analyst Lumen has revealed a significant accumulation trend among Dogecoin whales<\/a>, which provides a bullish outlook for the DOGE price. The analyst also mentioned what could drive the meme coin\u2019s price to $0.5, marking a bullish reversal for Dogecoin.\u00a0<\/p>\n

Dogecoin Whales Accumulate As Price Eyes Rally To $0.5<\/h2>\n

In an X post<\/a>, Lumen revealed that Dogecoin whales accumulated 1.7 billion DOGE ($298 million) in 72 hours, which he noted signals bullish sentiment ahead of a potential Dogecoin ETF approval<\/a>. These whales\u2019 accumulation has come amid a massive price crash for Dogecoin, which has dropped 20% in a week, falling from around $0.22 to as low as $0.16.\u00a0<\/p>\n

Lumen then went on to give a price projection for the foremost meme coin. He stated that if DOGE reclaims $0.2 before the ETFs approval, there is a possibility that Dogecoin could rally to $0.5 because of the liquidity of ETFs. He added that the world\u2019s richest man, Elon Musk<\/a>, could also resume bull posting about DOGE as he had done before.\u00a0<\/p>\n

It is worth mentioning that the US Securities and Exchange Commission (SEC) recently postponed the approval process for Grayscale\u2019s Dogecoin ETF<\/a>, suggesting that the pending DOGE ETF applications are unlikely to be approved anytime soon. However, despite this development, crypto analyst Ali Martinez has predicted that DOGE could soon rebound.\u00a0<\/p>\n

\"Dogecoin\"<\/p>\n

The analyst stated that investor sentiment around Dogecoin is at its most negative in over a year. Martinez added that historically, extreme fear has set the stage for major reversals. In line with this, he remarked that this could be a prime opportunity to be a contrarian.\u00a0<\/p>\n

Current State For DOGE<\/h2>\n

Crypto analyst Kevin Capital<\/a> provided insights into Dogecoin\u2019s current price action. He stated that DOGE has had a back test of the macro 0.5 Fibonacci level. It has also back-tested macro trend lines, including the 200-week Simple Moving Average (SMA) and Exponential Moving Average (EMA). Meanwhile, the meme coin\u2019s 3-day Relative Strength Index (RSI) is at historical lows.\u00a0<\/p>\n

The analyst stated that if the Bitcoin price<\/a> holds up and macroeconomic data and monetary policy adjust, then this might be the last opportunity to buy DOGE relatively cheaply. He added that a lot of factors are at play and there is a lot of work to do but the risk reward at this level is \u201csuperb\u201d given the circumstances.\u00a0<\/p>\n

Crypto analyst Trader Tardigrade<\/a> also provided a bullish outlook for Dogecoin. He stated that DOGE is forming a 5-wave Ascending Broadening Wedge and is approaching a breakout on the 4-hour chart. The analyst added that after a confirmed RSI bullish divergence, DOGE bounced back to the descending line of the wedge, indicating that a reversal may be imminent.\u00a0<\/p>\n

At the time of writing, the DOGE price is trading at around $0.16, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Lumen has revealed a significant accumulation trend among Dogecoin whales, which provides a bullish outlook for the DOGE price. The analyst also mentioned what could drive the meme coin\u2019s price to $0.5, marking a bullish reversal for Dogecoin.\u00a0 Dogecoin Whales Accumulate As Price Eyes Rally To $0.5 In an X post, Lumen revealed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17523","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17523"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17523\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}