Dogecoin Price Eyes Breakout As Whales Accumulate 680M DOGE

By Usman Zafar | Edited By Ammar Raza,August 10, 2026, 1:05 AM

Dogecoin (DOGE) is showing signs of a potential bullish reversal after breaking its descending trendline, while whale accumulation adds to the positive outlook. However, resistance continues to limit momentum, leaving DOGE in consolidation as traders await stronger market catalysts and confirmation of a sustained breakout.

At the time of writing, DOGE is trading at $0.07052 with a 24-hour trading volume of $306.98 million and a market capitalization of $12.06 billion. Despite the signs of stability over the last 24 hours, the DOGE price structure and whale accumulation point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: Dogecoin Price Holds $0.069 as Whale Buying Reaches 1.7B DOGE

Dogecoin Signals Potential Breakout After Trendline Break

According to the crypto analyst KrissPax, Dogecoin (DOGE) broke above its descending trendline on Saturday, signaling a possible shift in short-term market momentum. 

However, buyers failed to maintain the breakout as DOGE faced firm resistance near $0.0710. The rejection kept the meme coin confined to a narrow sideways range, with price continuing to hold slightly above the crucial $0.07 level.

Source: KrissPax’s X Post

As observed from the consolidation process, there seems to be a period of waiting on the part of the players until a more robust signal appears to position for the next move in Dogecoin. 

A successful close above $0.0710 can help build on the bull strength, while losing $0.07 may lead to continued sell pressure.

Dogecoin Whale Activity Signal Bullish Move Ahead

The data from dogegod further highlighted that whales in Dogecoin (DOGE) are said to be stepping up their game, adding an additional 680 million DOGE coins that are valued at roughly $48 million. 

The purchases are being made on the expectation that the Fed may lower its rates, and that will enhance liquidity and appetite for more speculative investments.

Another factor that may help limit selling pressure is if whales continue accumulating DOGE and fewer tokens become available for sale. 

However, large buy-ins alone will not be sufficient to ensure a long-term rally. DOGE performance will depend on a number of factors, including Fed hints, sentiment in the overall markets, trading volumes, and whales’ actions.

What Happens Next for DOGE?

The next steps of Dogecoin will probably be determined by the ability of the buyers to convert the current trend line break into a breakout. 

If the price rises above the $0.0710 level, it can support the bullish strength of the market and help in making a recovery, whereas a fall below $0.07 will negatively impact the pattern.

Also Read: DOGE Price Targets $0.071 Rally as Whales Accumulate Billions of DOGE

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.