Key Insights
- •Dogecoin (DOGE) price is up about 2.7%, even though whale activity on the network has fallen to a two-month low.
- •Traders are watching a bullish pennant on the 4-hour chart, a setup some expect could push the price higher.
- •On the 3-day chart, DOGE briefly broke down, but the move quickly snapped back, giving the market a sudden jolt of momentum.
Dogecoin (DOGE) Price Analysis Amidst Network Activity Decline
Dogecoin (DOGE) price was trading around $0.1492, gaining about 0.21% in the last 24 hours. The cooldown is easy to spot in the volumes too. Daily trading activity dropped sharply to about $779 million, a pullback of more than 30% from the previous session. Even so, Dogecoin price has quietly pushed higher, gaining a little more than 2.7%. That steady climb has kept the market’s attention, especially as sentiment across the meme-coin space remains shaky.
Dogecoin (DOGE) Price Pops 2.7% Even as Network Activity Hits a Two-Month Low
This week, Dogecoin (DOGE) price recorded a weekly 2.7% uptick and tested $0.15 earlier today. However, whale activity on the Dogecoin network has fallen to its lowest point in two months, and the chart makes that drop hard to ignore. The tall grey bars — which represent large transactions — have thinned out steadily through October and November. By late November, the activity is almost flat, showing how quiet the biggest holders have become.
Meanwhile, the DOGE price trend stays tilted to the downside as volume from major players dries up. This combination often tells a clear story: when whales step back, momentum usually fades. It doesn’t always mean a crash is coming, but it does suggest that buyers with deep pockets are waiting on the sidelines. Analysts will be watching closely to see if this silence builds pressure for a bigger move later on or if it signals a longer period of hesitation in the Dogecoin market.
Analysts Eye Bullish Pennant on the 4H Chart as DOGE Price Sets Up for a Bigger Move
The 4-hour chart from Trader Tardigrade highlights a clean bullish pennant forming on the DOGE price action. What stands out here is how steady the compression has been. Each pullback has grown smaller, while buyers have continued to defend the lower trendline. On the four-hour Dogecoin price, DOGE is sitting right at the point where these patterns usually decide their direction. Traders will be watching closely, because once a pennant like this resolves, the follow-through tends to happen quickly.
Despite Breakdown on 3-Day Chart, Traders Expect Fresh Upside Push for Dogecoin
The 3-day chart from Trader Tardigrade shows a pattern that long-time Dogecoin watchers will recognize immediately. Each time DOGE price slips below its long-term support line, the breakdown doesn’t lead to a deeper collapse. Instead, it has repeatedly marked the start of a strong rebound. The chart highlights this cycle clearly. In past dips, DOGE briefly fell under the trendline, shook out weak hands, and then launched into sharp rallies.
The current setup looks similar. Dogecoin has once again dipped under support, but the price has already begun to curl higher inside the blue zone, hinting that momentum may be shifting. What makes this pattern interesting is how consistent it has been over the years. The market tends to overreact on the breakdown, only to reverse with force once selling pressure fades.
The latest move fits that script, which is why some traders believe another push higher could be forming. If this behavior repeats, DOGE could be setting the stage for a meaningful rally. Nothing is guaranteed, but the 3-day structure is showing the same early signs that preceded previous major pumps. Traders will now be watching for stronger candles and rising volume to confirm whether this familiar pattern is about to play out again.