Dogecoin (DOGE) is witnessing a surge in whale activity after large investors accumulated more than $110 million worth of the meme cryptocurrency in less than four days.
According to on-chain data shared by crypto analyst Ali Martinez on September 27, citing Santiment metrics, wallets holding between 10 million and 100 million DOGE increased their holdings by approximately 1.14 billion DOGE over the last 96 hours. At current prices, the accumulation is worth roughly $112 million.
The data shows that wallets holding between 10 million and 100 million DOGE increased their combined holdings from about 54.29 billion DOGE on September 24 to 55.45 billion DOGE by September 27.
The increase of about 1.16 billion DOGE closely aligns with the reported 1.14 billion DOGE accumulated during the period, suggesting large holders continued buying despite the cryptocurrency approaching a significant technical barrier.
Historically, sustained whale accumulation has been viewed as a positive signal, as large investors often build positions ahead of major market moves. However, such activity does not guarantee an immediate price increase and can sometimes precede extended consolidation periods.
The buying spree comes as Dogecoin trades at $0.09 and approaches a key resistance zone around $0.098, where roughly 28 billion DOGE previously changed hands. Supply concentration at that level could determine whether the meme coin extends its rally or faces renewed selling pressure.
ChatGPT Dogecoin price prediction
Using the latest whale accumulation data, technical levels, and prevailing market conditions, ChatGPT outlined three possible scenarios for Dogecoin’s near-term price action.
The bearish scenario assigned a 30% probability to a rejection at resistance, which could push DOGE back toward the $0.085 to $0.09 range as traders take profits near the $0.10 level.
Meanwhile, the AI model’s base-case scenario carries a 45% probability and sees Dogecoin break above resistance before consolidating between $0.10 and $0.12. This outcome would confirm continued buying interest while allowing the market to absorb overhead supply.
The bullish outcome was assigned a 25% probability and projects a rally toward the $0.13 to $0.16 range. Such a move would likely require a decisive breakout above $0.10, accompanied by strong trading volume and continued whale accumulation.
Based on these probabilities, ChatGPT identified the $0.13 to $0.14 range as a reasonable upside target if Dogecoin successfully clears resistance and maintains momentum.
Key DOGE resistance level to watch
As things stand, the most important level for traders remains the $0.098 to $0.10 area. A sustained move above that zone would represent a significant technical breakout and could open the door to higher targets around $0.115, $0.125, and potentially $0.14.
On the downside, failure to overcome resistance could see Dogecoin revisit support around $0.085 to $0.09 before attempting another breakout.
Featured image via Shutterstock
