Dogecoin (DOGE) Price: Whales Load Up $14M in Longs as Open Interest Hits 4-Month High

TLDR

• Dogecoin’s open interest jumped from $253M to $433M in one week, the highest in nearly four months.
• Whale accounts on Hyperliquid opened $14 million in long positions over the past two days.
• On-chain data from Santiment shows 739 large transfers (over $100K) in a single day — a 6-month high in whale activity.
• Analyst Ali Martinez flagged $0.1172 as the next key resistance level inside a Parallel Channel pattern.
• A rounding bottom pattern points to a potential 29% move, putting a target of around $0.14 in view.

Dogecoin has posted a 12% gain over the past week, with DOGE trading at $0.1087 at time of writing. The move has been backed by rising open interest and heavy whale activity, drawing attention from analysts across the board.

Open interest in Dogecoin futures climbed from $253 million to $433 million in just one week. That puts it at its highest level since early February, when OI sat at just $175 million.

Whale wallets are a big part of the story. On-chain data platform Santiment reported that 739 transfers of $100,000 or more took place in a single day — a 6-month high for that metric.

Santiment analyst account @SantimentData flagged on X that the 149 whale wallets holding at least 100 million DOGE now collectively hold an all-time high of 108.52 billion DOGE, worth roughly $11.6 billion. The account tied this directly to DOGE’s 14% price rise over the past 10 days.

Whale Wallets Hit All-Time High Holdings

On Hyperliquid, top-tracked accounts have been net long for two consecutive days, building $14 million in long positions. These are traders who are betting the price continues higher from here.

DOGE broke above the resistance of a falling wedge pattern on its daily chart. That move triggered its first large green candle, and the price has stayed above the breakout level since.

Analyst Ali Martinez posted on X about a separate Parallel Channel pattern forming on the 12-hour DOGE chart. The channel’s midline at $0.1018 had been acting as resistance for weeks.

Key Resistance Sits at $0.1172

DOGE has now cleared that midline. The next level to watch inside the channel sits at $0.1172, which corresponds to the top of the range. Martinez highlighted this as the next test for the coin.

A rounding bottom pattern also appears on the chart. From the base of that pattern to its peak, DOGE gained 29%, which points to a potential target near $0.14 if the move repeats.

The Awesome Oscillator (AO) bars are growing longer on the daily chart, which suggests bullish momentum is still building. The RSI is rising but is approaching overbought territory, which could slow buying pressure.

At press time, DOGE is trading at $0.1087, with whale wallets holding a record 108.52 billion DOGE worth $11.6 billion.

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