Whale warning: 130m doo scooped on while price slips 15%

Tl; Dr.

• Large portfolios added 130 m doge during the recent price dip, suggesting that strategic accumulation at lower levels.
• A potentially double bottom pattern is created with a key resistance at $ 0.2435 on the 4-hour graph.
• Dogecoin RSI is baptized in over -sold -up territory while the growth of the wallet is climb past 109m active addresses.

Whales acquire a large doge volume during the market for market

In the last 24 hours, portfolios added between 10 million and 1 billion doge 130 million coins, according to data shared by Ali Martinez. This step came when the Dogecoin price fell below $ 0.23, which marked a 6% decrease in a single day and more than 15% a week.

In the meantime, the graph shows the interests of large portfolios steadily while the price dropped. This pattern often means that buying during a correction, with the positioning of whales for future movements.

Point to the accumulation in response to the recent price promotion, Martinez stated”

Whales bought the dip! They have collected 130 million dogecoin $ Doge In the last 24 hours. pic.twitter.com/G3H9DKBFJN

– Ali (@ali_charts) July 29, 2025

Potential reversal structure

Trader Tardigrade noted that Dogecoin Can form a double bottom on the 4-hour graph. This setup starts with two low points near the same price level, separated by a short -term increase.

$ Doge/H4#Dogecoin Can form a double bottom pattern pic.twitter.com/bnhm0neoli

– Trader Tardigrade (@tatrader_alan) July 29, 2025

The first layer came close to $ 0.2160 on July 25. A second dip formed on July 29, just above the previous low point. Both soils are followed by a resistance level around $ 0.2435. It has tested this level several times, but has not yet been broken.

A movement above $ 0.2435 could open the road for goals near $ 0.27. However, a drop below $ 0.22 would cancel the pattern.

Sold signal appears on the graph of 1 hour

In another message, the same analyst shared a graph of 1 hour with a price decrease of 10% for 17 hours. During this slide, the RSI went from Overbought to less than 30, which is considered to be sold over.

$ Doge/ H1
#Dogecoin has fallen almost 10% in the last 17 hours.
The RSI indicates that it is now in a sold -out zone, with a possible opportunity to find support and to consolidate or return an upward trend (further confirmation required). pic.twitter.com/scvezmrts5

– Trader Tardigrade (@tatrader_alan) July 28, 2025

When the RSI drops so low, it often reflects a strong sales pressure that may be used up. The graph suggests that it can now actively pause or change direction. Further confirmation is still needed.

In addition, data from Glassnode shows a steady growth of dogecoin addresses. At the time of the press there were 109.14 million active addresses, an increase of 108.5 million a month ago.

This gradual growth indicates users’ continuous interest. The prices have shifted to lower levels, although network participation is increasing, indicating a trend of increased use and retention.