DOGE Price: Dogecoin Institutional and Whale Interest on the Rise, DOGE Price to $0.1?

Dogecoin, the largest memecoin globally, has regained attention from institutional investors. Currently, DOGE is trading at a 1.41% increase, reaching a price of $0.077, and boasting a market cap of $10.9 billion

Dogecoin Institutional Interest

Dogecoin (DOGE) is experiencing a significant surge in transactions surpassing $100,000 over the last month, consistently reaching new highs. This notable increase indicates a growing interest in DOGE from institutional players and large-scale investors, raising speculation about a potential substantial price spike in the near future, reports popular analyst Ali Martinez.

A substantial volume of older Dogecoin (DOGE) is currently being transferred from previously inactive wallets, indicating a potential shift in the price trajectory of the meme-inspired cryptocurrency.

This movement occurs concurrently with a growing trend of the creation of wallets holding over one million DOGE, suggesting heightened interest from significant investors. Santiment, an on-chain analytics firm, highlights this notable surge in the transfer of older DOGE from dormant wallets as a noteworthy development in the cryptocurrency’s market dynamics.

🐶 #Altcoins are back in the green today, and data indicates there has been a massive amount of older $DOGE moving out of stagnant wallets today. Keep an eye on this, as well as the fact that 121 new 1M+ #Dogecoin wallets have popped up in the past month. https://t.co/OjXvbTEEf9 pic.twitter.com/zHMyiqBI7c

— Santiment (@santimentfeed) November 22, 2023

Will the DOGE Price Rally to $0.1?

The ongoing DOGE rally may gain further momentum with increased demand from new users, but to sustain this upward trend, bulls need to overcome the initial resistance at $0.080. Global In/Out of the Money (GIOM) data from IntoTheBlock, categorizing current DOGE holders based on their entry prices, supports this analysis.

The data reveals that 762,860 addresses acquired 19.6 billion DOGE at a minimum price of $0.80. A significant exit by these investors could trigger an immediate correction in Dogecoin’s price. However, surpassing the initial sell-wall may pave the way for reclaiming $0.10.

Conversely, a drop below $0.06 could undermine the optimistic outlook. In such a scenario, support may come from the 457,560 addresses that purchased 30.8 billion DOGE at the average price of $0.067. If these investors hold onto their positions, it could prevent a major Dogecoin price reversal. On the other hand, early selling by this group could potentially lead to a decline in Dogecoin’s price to $0.06.

TAGS
Dogecoin (DOGE)

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.