Dogecoin Price Prediction as Whales Scoop 400M DOGE Amid Bullish Channel Breakout

Dogecoin (DOGE) price is up by 2.77% today, September 3, to trade at $0.088 at the time of writing. This gain mirrors the uptrend across the broader crypto market after dropping odds of the Fed hiking rates in 2026 increased demand for risk assets. These gains have also pushed Dogecoin out of a falling channel as whales buy more coins.

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Whales Scoop 400M DOGE in 5 Days

Analyst Ali Charts on X notes that whales have purchased 400 million DOGE within five days. The analyst notes that this accumulation has increased the buying pressure for Dogecoin, and this is supporting the 3% intraday gain seen today.

The analyst also adds that Dogecoin’s price has managed to defend the support at $0.0813 because of this whale buying. He notes that as long as this support price holds, DOGE could surge to as high as $0.177.

The buying activity by whales also comes as TradingView data shows that Dogecoin price closed higher in September for two straight years. If this trend repeats, the meme coin could also rise in September 2026.

Still, concerns about inflation and the Fed hiking rates at the September 16-17 meeting might affect the uptrend.

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DOGE ETFs Record Highest Outflows in Two Months Despite Whale Buying

Data from SoSoValue shows that there were $762,000 outflows from Dogecoin ETFs on September 2. This was the biggest single-day outflow recorded by DOGE ETFs since July 2.

These outflows came from the Grayscale Dogecoin ETF that now holds $7.96 million in net assets.

The ETF outflows show that there is a divergence between institutions and whales because institutions are selling while whale addresses have purchased 400 million DOGE in five days.

Retail traders also seem to be on the buying side because data from Coinglass shows that there were $4.7 million spot inflows for Dogecoin on September 3. These inflows suggest that there is more buying pressure than selling pressure.

Dogecoin Price Forecast Amid Falling Channel Breakout

The price of Dogecoin has moved above the resistance of a falling channel on the four-hour chart. DOGE has already closed one candle above the upper resistance of $0.083, with this supporting a bullish long-term Dogecoin forecast.

If Dogecoin price drops to test this support at $0.083 and it holds, the uptrend could continue towards the psychological resistance at $0.10.

However, the RSI reading of 76 suggests that Dogecoin is close to being overbought. These overbought conditions could lead to buyers being exhausted, and Dogecoin price could drop to $0.080.

Still, the AO bars that have turned green suggest that the momentum is still bullish despite buyers being near exhaustion. These bars suggest that the uptrend that commenced after the price moved out of the falling channel could continue.