Dogecoin whales have been moving aggressively lately; During a 96-hour window that ended on May 4, major holders accumulated nearly 160 million DOGE coins, worth approximately $18 million, pushing the meme past the $0.11 resistance level that had limited its price for several months.
Analyst Ali Martinez was the first to point out this clustering on the X platform, which was later confirmed by on-chain data from the Santiment platform.
160 million Dogecoins $DOGE have been accumulated by whales over the past 96 hours. pic.twitter.com/enrZmDxAcJ
– Ali Charts (@alicharts) May 3, 2026
Top holder balances increased from 17.82 billion to 18.15 billion DOGE in those 96 hours, with whales now controlling nearly 11% of the circulating supply.
The price reacted strongly, with DOGE rising from $0.1075 to $0.1119 in a single surge accompanied by high trading volume. Open interest in DOGE futures increased nearly 30% to $1.77 billion over the past week, with the long/short ratio reaching 1.8, meaning the derivatives market is clearly leaning toward optimism.
Although Bitcoin’s rally to $80,000 has provided a tailwind for the broader market, DOGE’s move appears to stand on its own. The MACD and Stochastic RSI simultaneously showed buy signals on TradingView, a consensus that traders rarely ignore.
Can Dogecoin Price Reach $0.13 This Week?
DOGE currently has a strong short-term structure as it maintains its position above several key exponential moving averages (EMA), which is a bullish signal. The sudden increase in trading volume to around $2 billion adds weight to this move, reflecting real market participation and not just passing noise.
But the missing piece remains the 200-day EMA; Unless DOGE regains this level, the trend is improving but has not yet completely reversed.
The $0.109 level is currently the main support, and as long as the price remains above it, the structure remains bullish and the path is open towards higher levels.
When it comes to upside targets, $0.12 is the next key level, and surpassing it clearly sets the stage for a move towards $0.13.
The risk is that the momentum reaches an overbought stage, as the Relative Strength Index (RSI) is already high, so a pullback towards $0.10 is likely before continuing to rise.
The most likely scenario is that DOGE enters a consolidation phase between $0.109 and $0.12, or pulls back slightly before attempting to move higher. In short, we are looking at a bullish setup with high trading volume, but it requires either a cooling off period or a clear break of resistance to continue growing.
Maxi Doge Project Could Leap If DOGE Momentum Continues
DOGE trading at $0.11 remains a bargain, but the reality is that asymmetric profit opportunities have faded. With a market cap of around $16 billion, even strong moves tend to be deliberate rather than explosive.
This is the reason why some traders turn to other projects early on, looking for opportunities that have not yet started their major move.
The Maxi Doge project draws attention to this path. It is a meme token built around a trading culture and featuring staking mechanics, competitions, and a treasury designed to support liquidity and growth. The presale price is around $0.0002816 with around $4.76 million raised, showing continued demand.
The appeal here is clear; The project is in its early stages, driven by narratives and positioned in an area where traders are seeking higher returns.
However, the project is still in the pre-sale phase, liquidity is not guaranteed, execution plays a crucial role and volatility can be extreme once launched.
The trade-off is simple: DOGE offers a more stable option with limited upside potential at this stage, while a project like Maxi Doge offers an early positioning opportunity with higher growth potential, but with much higher risk.
You can visit Maxi Doge from here.
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