Dogecoin (DOGE) Price: Whale Moves $500M to Exchange As Chart Patterns Point to Potential Rally

TLDR

• Dogecoin trades at $0.1366 after dropping 14% from yearly highs, struggling to break $0.15 resistance for the fourth time since mid-November 2025.
• A whale transferred 500 million DOGE tokens worth over $500 million to Binance on January 14, typically indicating potential selling pressure.
• Technical analysis shows a third falling wedge pattern forming, with previous breakouts delivering 202% and 370% gains, pointing to possible 450% upside to $0.70.
• Double bottom pattern emerged on four-hour charts near $0.136 support, suggesting weakening selling pressure and potential near-term recovery.
• Weekly RSI indicator reset from oversold territory, mirroring conditions before previous rallies, while liquidity sweep below $0.13 eliminated weak sellers.

Dogecoin continues trading near $0.1366 after declining 1.45% in the past 24 hours. The memecoin sector added approximately $10 billion in market value during early January 2026. However, the sector gave back roughly 85% of those gains within one week.

The $0.15 price level remains a key barrier for DOGE. The token has attempted to reclaim this threshold four times since dropping below it in mid-November 2025. Each attempt failed to hold.

The most recent rejection happened ten days ago. Following that failed breakout, Dogecoin dropped for six straight sessions. The decline reached nearly 15% before finding support. A rebound of about 9% brought renewed focus to the $0.13 level.

On January 14, blockchain monitoring service WhaleAlerts detected a transfer of 500 million DOGE tokens to Binance. This movement occurred as DOGE tested the $0.15 resistance level before pulling back 7% to $0.13.

Transfers of this size to exchanges often precede selling activity. Investors typically move assets to trading platforms before liquidating positions. The timing suggests large holders may lack confidence in an immediate upward move.

Technical Patterns Signal Compression Phase

Analyst Trader Tardigrade identified a third falling wedge structure on weekly charts. This pattern has previously delivered substantial gains for Dogecoin.

The first falling wedge breakout produced a rally near 202%. The second breakout generated a surge close to 370%. The current formation shows similar compression characteristics.

Dogecoin trades within this wedge near $0.14. Descending resistance continues pushing price lower while rising support narrows the range. The measured move projects a potential 450% expansion toward $0.70.

This target matches previous cycle extension zones. Declining volatility within the wedge resembles conditions before past breakouts. Volume decreased steadily throughout the consolidation period.

Double Bottom Formation Appears

Four-hour charts display a double bottom pattern with two equal lows around $0.136 and $0.138. Buyers defended this zone twice, creating a rounded reversal base.

The neckline resistance sits between $0.148 and $0.150. Dogecoin recently tested this supply area. A confirmed breakout above this zone could trigger higher short-term targets.

RSI readings show comparable levels to previous bottom formations. This indicates weakening selling pressure. Green candles expanded during recent sessions, suggesting growing buyer participation.

Analyst Bitcoinsensus identified repeating accumulation cycles on longer timeframes. The first accumulation phase delivered a 190% rally. The second phase produced nearly 480% upside.

Current price action resembles a third accumulation phase. Dogecoin trades between $0.139 and $0.145 during this consolidation. Both cycle analysis and wedge projections point to the same $0.70 target.

Analyst BitGuru noted a completed liquidity sweep below key support zones. Dogecoin dropped close to $0.13 before recovering strongly. This move eliminated stop-loss orders and weak hands.

The weekly RSI moved into oversold territory before curling upward. This reset mirrors conditions before previous rallies. Higher lows formed on shorter timeframes while support near $0.136 holds. Resistance clusters around $0.150 remain the key level to watch.

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