Dogecoin (DOGE) Price: 470 Million DOGE Purchased by Whales, Momentum Builds

TLDR

• Large whale wallets accumulated 470 million DOGE between March 18–21, 2026, during a period of weakened token prices
• DOGE is currently trading between $0.093–$0.095, with monthly declines of roughly 4.61%
• Analysts name $0.15 as a potential near-term price target if current buying momentum continues
• Liquidation data shows $12.37 million in short positions are concentrated at $0.0928, forming a potential short squeeze zone
• Crypto analyst Ali Charts identified 28 billion DOGE traded at $0.074, marking this level as a key support zone

(SeaPRwire) –   Dogecoin has faced sustained selling pressure in recent weeks, with total monthly losses sitting at around 4.61%. Despite this downturn, the token gained roughly 4.78% over the past 24 hours and was most recently trading near $0.09489.

The broader cryptocurrency market has been contending with a risk-off mood driven by global events. DOGE has not escaped this pressure, but several large holders appear to be leveraging the price dip to grow their positions.

Whales Enter the Market Amid the Price Dip

Between March 18 and March 21, 2026, large DOGE holders accumulated 470 million tokens. This purchasing activity unfolded while retail investor sentiment remained weak, a pattern that has appeared multiple times before upcoming price reversals.

BREAKING: DOGECOIN WHALES ACCUMULATE 470 MILLION $DOGE IN 72 HOURS

Major wallet holders bought 470M $DOGE tokens over three days, stoking speculation about a potential rally to the $0.15 price target.

Whale accumulation often signals institutional confidence ahead of price moves… pic.twitter.com/cXtuDWx1WF

— BSCN (@BSCNews) March 21, 2026

Analysts tracking the on-chain data suggest DOGE could climb toward $0.15 if this accumulation trend continues. That would equal a gain of roughly 67% from the token’s current trading price.

The timing of this whale activity is particularly notable. Large holders rarely purchase at scale without a clear reason, and buying during a geopolitically driven market downturn indicates they hold strong conviction in DOGE’s future price direction.

Separately, crypto analyst Ali Charts shared in a post on X that 28 billion DOGE were transacted at $0.074, marking it as one of the most critical support zones for the token.

28 billion Dogecoin $DOGE were transacted at $0.074, making it one of the most important support zones. pic.twitter.com/7Nz77rfGuz

— Ali Charts (@alicharts) March 24, 2026

Short Positions Are Clustered Near $0.0928

Derivatives market data paints a more cautious near-term picture. According to CoinGlass’s DOGE liquidation map, $12.37 million in short positions are clustered at the $0.0928 price level. On the downside, $4.13 million in long positions are located at $0.0892.

The Long/Short Ratio for DOGE currently stands at 0.9504, meaning short positions slightly outnumber long positions. The gap between the two is narrow, but overall market sentiment leans toward caution.

This concentration of short positions near $0.0928 is a key level to monitor. If DOGE pushes up to this level with enough upward momentum, these short positions could be forced to liquidate, which would accelerate any upward price move.

On price charts, DOGE broke above a bearish trend line at $0.0935 and hit a high of $0.0957. It has pulled back slightly from this peak. Key resistance levels sit at $0.0955, $0.0980, and $0.1020. If $0.0980 holds as support after a breakout, the next target would be around $0.1020, with $0.1050 and $0.1120 as further upside targets.

On the downside, key support levels are at $0.0928, $0.0920, and $0.090. A break below $0.090 could push DOGE down toward $0.0880 or $0.0865.