New opportunities are coming! DOGE may lead the bull market with a tenfold increase!

Dogecoin price is expected to break through $0.15 by the end of October, driven by whale accumulation and the continued symmetrical triangle pattern
The cryptocurrency market suddenly encountered selling pressure as Bitcoin fell to $60,000. While most major altcoins followed this downward momentum, Dogecoin showed resilience and rose 0.4% intraday. Neutral candlesticks indicate that Dogecoin is continuing its sideways trend, but whale accumulation and an impending breakout of the triangle pattern indicate a possible rally to $0.15
Can Dogecoin price break through $0.15 by the end of October?Amid the ongoing geopolitical turmoil, Dogecoin price fell sharply from $0.132 to $0.1, a drop of 19%. As a result, Dogecoin's market capitalization plummeted to $15.74 billion. Daily chart analysis shows that this pullback formed a bear cycle in this symmetrical triangle pattern.
The pattern has been trending sideways within two converging trendlines, acting as dynamic resistance and support since June 2024. In theory, this chart pattern would prompt a temporary correction in the prevailing trend to restore momentum in the directional move following a breakout.
Dogecoin price prediction The recent break below the 100 and 200-day exponential moving averages could accelerate selling pressure and drive another 6% drop to retest the $0.1 psychological level on the downside. A possible reversal from this support could extend the consolidation phase but provide buyers with an opportunity to move higher at $0.122. If DOGE price manages to break above the upper trendline around mid-October, buyers could drive a high momentum breakout to $0.15 by the end of the month.
According to Santiment data, the number of Dogecoin holders holding between 1 million and 10 million DOGE in their wallets has steadily increased, reaching a total of 10.63 billion DOGE. Since October 2024, whale holdings have increased despite large price fluctuations, indicating that the largest holders are confident in the future potential of Dogeoin. Historically, the upward trend of this indicator coincides with major market bottoms and potential reversals.
DOGE Whale ActionsDogecoin (DOGE) is one of the many meme coins that saw a massive price increase in late September. But it has since lost momentum and is currently trading at around $0.10 (according to Coingecko).
The increase in whale activity is one of the signs that another surge may be coming. Crypto intelligence platform IntoTheBlock revealed that large investors bought 2.07 billion DOGE tokens last week (worth more than $220 million at current exchange rates). The last time whale hoarding reached this level was in January this year.
If investors buy DOGE and hold it without selling, the circulating supply on the market will decrease. Basic economic principles dictate that if demand is stable or increasing, prices will rise.
The actions of whales are closely watched by smaller players. This accumulation can signal confidence in an asset, triggering a buying wave from retail traders (thus bringing more capital inflows into the ecosystem).
Another factor that suggests DOGE’s price could rise is the increase in large transactions. The indicator measuring transactions exceeding $100,000 rose 1% on a daily basis, sending a bullish signal.
It is worth noting that the $0.124 level is supported by 44.79 billion DOGE accumulated by 311.21k addresses according to Intotheblock. Data from GIOM (Global Money Inflow/Outflow) shows that the supply concentration at this price point is high and can act as a strong resistance level. Coincident with the triangle resistance level, DOGE price may face selling pressure again.
Therefore, a potential reversal could extend Dogecoin’s price consolidation trend, but there is still a risk of a triangle breakdown.
DOGE Price Prediction: Dogecoin is alive and wellDespite the recent price drop, Dogecoin has shown resilience and maintained its position in the uptrend. Important moving averages continue to support the price of Dogecoin, and as can be seen from the chart, the bullish trend remains.
The price drop following the test of the $0.12 resistance level has not completely reversed the uptrend. Alternatively, this could just be a brief pullback before DOGE accelerates again. Around $0.10 is a critical support level to monitor. If DOGE can sustain this level and attract more buying pressure, the probability of a reversal to higher price targets would rise.
The next major resistance level is located at $0.12. A break above this resistance level could spur a stronger rally and could push DOGE back towards the $0.14 level. Additionally, favorable developments in the larger cryptocurrency market could give DOGE the needed momentum, supporting the possibility of a trend acceleration. However, traders should proceed with caution as a sustained break below $0.10 would invalidate the bullish outlook and increase the likelihood of further downside risks. Dogecoin is still trending upwards for now, but there is always a chance of an unexpected reversal.
In simple termsThe symmetrical triangle pattern has driven the medium-term sideways trend of Dogecoin price. DOGE price has dropped sharply after a surge but is still some distance away from finding the support level of $0.1. Whale wallets holding 1 million to 10 million DOGE have accumulated 10.63 billion DOGE.