Dogecoin's price has finally reversed, but the risk from whales is increasing near the $0.15 level.

After weeks of failed attempts to reverse trend, Dogecoin (DOGE) finally experienced a clear turning point. From its December lows, DOGE has risen nearly 33%, marking its strongest recovery since November. Notably, previous reversal efforts were quickly suppressed, even though technical indicators had signaled similar patterns.

This time, the rally was not immediately erased. However, as DOGE approaches a key resistance zone around $0.15, a new risk is quietly emerging—and the cause stems from market “whales.”

What makes this reversal different?

From November 4 to December 31, DOGE’s price continuously set lower lows, while the RSI indicator formed higher lows. RSI measures momentum; when prices fall but RSI rises, it often signals weakening selling pressure.

This bullish divergence appeared twice before, leading to gains of approximately 13% and 17%, but both times the rally was short-lived.

Dogecoin Reversal Pattern | Source: TradingView The key difference this time lies in whale behavior. During previous rallies, the group of whales holding between 1 million and 10 million DOGE (took advantage of the price increase to sell, which limited the upward momentum and caused prices to reverse. Specifically:

![Giá Dogecoin cuối cùng cũng đảo chiều, nhưng rủi ro từ cá voi đang gia tăng gần mức $0.15])https://img-cdn.gateio.im/webp-social/moments-3dc71ea8e766132ca5f7ca035f0afc3c.webp(Retail investors are selling | Source: Santiment Conversely, since December 31, this whale group has increased their DOGE holdings from 10.84 billion to 10.88 billion, accumulating about 40 million DOGE )worth nearly $6 million(. They have shown no signs of selling.

This steady buying flow has helped extend the current recovery to 33%, rather than being cut short as before.

However, this success does not mean the uptrend is truly safe.

Risks from “whale” leadership as potential bearish divergence forms

Although the average whale group remains stable, a new technical warning signal has appeared. From mid-October to early January, DOGE’s price formed lower highs, while RSI created higher highs—indicating a hidden bearish divergence. Unlike bullish divergence, this pattern often warns that upward momentum is waning after a recovery.

From a supply-demand perspective, this suggests buyers are still trying to push prices higher, but buying pressure has significantly decreased; meanwhile, sellers are beginning to absorb most of the demand.

![Giá Dogecoin cuối cùng cũng đảo chiều, nhưng rủi ro từ cá voi đang gia tăng gần mức $0.15])https://img-cdn.gateio.im/webp-social/moments-fc87ac75d9461717432d4a1ce4a9b7fa.webp(Downward risk emerges | Source: TradingView This change coincides with actions by the largest whales in the market. Since January 1, whales holding over 1 billion DOGE have started reducing their positions, decreasing their total holdings from 72.68 billion to 71.80 billion—selling nearly 880 million DOGE, worth about $130 million.

![Giá Dogecoin cuối cùng cũng đảo chiều, nhưng rủi ro từ cá voi đang gia tăng gần mức $0,15])https://img-cdn.gateio.im/webp-social/moments-788fdfaa95c85e3836e993e4f8c9f5bc.webp(Large investors are selling off | Source: Santiment Although this does not necessarily mean prices will drop immediately, the appearance of hidden bearish divergence alongside continuous selling by major whales often signals that the rally has reached its limit.

Critical price zone: Will the rally continue or end soon?

Currently, DOGE’s price action is more important than technical indicators. DOGE is struggling to stay above the $0.151 zone— a key resistance area that has repeatedly rejected upward moves.

If DOGE cannot regain and sustain above $0.151, the risk of decline increases. The price could retreat to $0.137, nearly 8% below current levels; losing this support could open the way to $0.115.

![Giá Dogecoin cuối cùng cũng đảo chiều])https://img-cdn.gateio.im/webp-social/moments-8294f9f948f56cae11acb84f5db0bd0c.webp(Dogecoin Price Analysis | Source: TradingView This bearish scenario would confirm the hidden bearish divergence signal and align with the selling trend of major whales.

Conversely, if DOGE can close clearly above $0.151 on the daily chart, the bearish signal weakens, opening opportunities to move toward the $0.173 zone—indicating selling pressure has been absorbed, and the upward momentum could continue.

In summary, DOGE has experienced a truly impressive reversal. However, with large whales selling and momentum slowing, the next move for DOGE will depend entirely on how the price reacts around the $0.15 zone in the coming days.