DOGE Price Drops To Monthly Lows But Dogecoin Will Load Up.
Meanwhile, some analysts believe the meme coin may be on a historic rally.
The past 24 hours (and several days) have not been kind to the cryptocurrency market, with many leading assets posting heavy losses.
The largest and oldest meme coin did not survive as it slipped above $0.10 for the first time since April 30th.
Whales are loading.
Although the price has dropped in the last few days, the general investor sentiment has been very positive lately. Reports began to surface in early May that Dogecoin whales had been quietly hoarding for some time, as the total holdings of the wallet, which contains at least 100 million coins, peaked at over 108.5 billion doji.
A few weeks later, another new information on the matter indicated that these big investors got 470,000,000 DOGE in three days. These purchases have been linked to an asset price rally to $0.118. Data shared by Ali Martinez shows that despite the fact that the next one is recycled, the whales continue to accumulate.
The analyst noted that large investors bought more than 525,000,000 DOGE in a four-day period. Such a stock would reduce the immediate selling pressure on the property and could be an example for small investors who tend to follow the so-called ‘smart money'.
Whales bought more than $525 million worth of Dogecoin in the last 96 hours. pic.twitter.com/qrz36pIalX
— Ali Charts (@alicharts) May 22, 2026
Reflecting the previous structure
Despite the current market crash, many crypto analysts at X are hoping for a deeper rally from the leader MemCoin. According to Nehal, DOGE is reflecting its moves below August 2024 when it prints 4 “strong green weekly candles, followed by 2 red consolidation weeks before a major rally”.
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Nehal added that Dogecoin has marked 4 consecutive green weekly candles since February 2026 and is currently in its second week of consolidation. If history repeats itself, DOGE will either close the week open before continuing higher, or immediately flip the green and accelerate “faster than expected.”
Trader Tardigrade touched on meme coin's historical performance and pointed out that the current false crash is the third one the asset has posted in recent years. Two early examples have recorded five-figure rallies of up to 29,000%.
“The pattern is the same. The support is back,” he concluded.
