Dogecoin Price Reversal Gains Strength, but Whale Activity Signals Caution Near $0.15. Source: TokenPost

Dogecoin price has finally confirmed a meaningful reversal after weeks of failed recovery attempts, gaining roughly 33% from its late December low. This marks its strongest rebound since November and stands out because previous bullish setups faded quickly, even when technical indicators looked promising. This time, the rally has shown resilience, but as DOGE approaches a critical resistance zone near $0.15, growing whale-driven risks could determine whether the upside continues or stalls.

Between early November and the end of December, Dogecoin formed a series of lower lows while the Relative Strength Index (RSI) printed higher lows. This bullish divergence is often a sign that selling pressure is weakening. Similar divergence patterns appeared twice before, producing short-lived rallies of 13% and 17%, both of which failed. The key difference in the current move has been whale behavior.

During prior rallies, mid-sized whales holding between 1 million and 10 million DOGE sold into strength, capping price momentum. This time, those same holders accumulated instead. Since December 31, their combined holdings have increased by around 40 million DOGE, signaling confidence and helping the price extend its recovery rather than stall early.

However, new warning signs are emerging beneath the surface. From mid-October through early January, Dogecoin price formed a lower high while RSI made a higher high, creating a hidden bearish divergence. This pattern often suggests weakening upside momentum after a rally. At the same time, the largest holders—wallets with over 1 billion DOGE—have begun reducing exposure. Since January 1, these mega whales have sold nearly 880 million DOGE, adding significant supply to the market.

Dogecoin price action around the $0.15 level is now critical. Failure to hold above $0.151 could trigger a pullback toward $0.137, with deeper downside possible near $0.115. Conversely, a strong daily close above $0.151 would invalidate bearish signals and open a path toward $0.173. While Dogecoin has delivered a genuine reversal, whale activity and slowing momentum mean the next move depends entirely on how the price reacts at this key level.