Dogecoin Whales Buy 545M DOGE, Price Drops 3.2% Amid Meme Coin Debate
The Dogecoin price prediction for October 2026 is a topic of debate, with two opposing headlines. A recent post claims that whales bought over 545 million DOGE in a single day, but the price still fell 3.2% over the past 24 hours. This unusual move has sparked discussion among traders and investors.
Dogecoin, launched in December 2013 as a joke based on the Shiba Inu meme, has grown to become one of the largest meme coins by market value. At the current price of $0.0931, Dogecoin's market capitalization is around $14.535 billion, ranking it #12 by market capitalization.
The technical analysis of Dogecoin's 4-hour chart on Binance shows a descending triangle, with the price currently sitting inside it. The RSI reads 44.90, indicating soft momentum with a slight lean toward caution. The price needs to clear the falling trendline and resistance at $0.09587 to move upwards.
The bullish case for Dogecoin suggests that if buyers push the price through the falling trendline, the move could extend to $0.09587, a 2.9% increase. However, a real breakout requires more than a brief touch, with a 4-hour candle closing above both the trendline and $0.09587, accompanied by volume at least 1.5 times the average of the previous 20 candles.