- Dogecoin price rises 1.36% to $0.0837, alongside gains in Bitcoin and the broader crypto market.
- Ali Charts reports that large holders accumulated more than 240 million DOGE over the past week.
- Neutral momentum puts $0.095 in focus for a breakout, while losing $0.08 could expose lower support.
Dogecoin price rose 1.36% to $0.0837 in the supplied market snapshot, tracking a broader cryptocurrency recovery. Bitcoin gained 1.6%, while total crypto market capitalization increased 1.52% over the same period.
The advance coincided with reported whale accumulation following a correction. Analyst Ali Charts said large holders added more than 240 million DOGE over the past week.
Dogecoin Price Recovery Follows Reported Whale Buying
Ali Charts interpreted the purchases as positioning for a potential rebound. At $0.0837 per token, 240 million DOGE represents approximately $20.1 million, although that does not establish buyers’ acquisition costs.
The analyst previously highlighted a TD Sequential buy signal on the four-hour chart on September 10. That signal suggested selling pressure could ease, but it did not confirm a lasting reversal.
Dogecoin price has recovered from July lows near $0.065, according to the supplied daily chart analysis. A subsequent advance approached $0.10 before sellers pushed the token back toward the $0.083–$0.085 area.
Separately, co-founder Billy Markus joked that Washington should purchase $1.2 trillion in DOGE and distribute it to Americans. His comment mocked Trump’s proposed $5,000 payment and did not describe an announced government cryptocurrency purchase.
Neutral Momentum Keeps Breakout and Breakdown Levels Open
The separate chart snapshot places Dogecoin price at $0.08387, with a 0.25% gain for its displayed period. Its RSI reading of 50.30 indicates neutral momentum, giving neither buyers nor sellers a clear advantage.
A sustained break above $0.095 could put $0.10 back in focus. That level marks the recent local high identified in the chart analysis.
For Dogecoin price, losing $0.08 would weaken the recovery structure and expose the $0.070–$0.075 support region. The immediate support area sits between $0.083 and $0.085, where the chart shows consolidation following the pullback.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
