Dogecoin, the popular meme coin, has been on a wild ride over the past 24 hours, experiencing a 7.31% price drop to $0.1365. Despite this decline, trading volume has surged by 22%, indicating heightened activity. With a market capitalization of $19.76 billion, Dogecoin remains a significant player in the cryptocurrency market.

Over the past month, Dogecoin has been in a downward spiral, losing 12% of its value. However, on-chain analytics from Santiment reveal a surprising trend - major investors, or "whales," have been aggressively accumulating Dogecoin, purchasing over 900 million tokens in the last week alone. This unusual behavior has increased their stake in the cryptocurrency, potentially signaling a resurgence in bullish momentum.

If this momentum gains traction, Dogecoin could break through the $0.15 barrier and aim for the $0.2 resistance level. A push past $0.2 could lead to a peak of $0.3, a significant increase from its current price. However, if the market sentiment turns sour, Dogecoin could plummet to its support line at $0.12 or even $0.1.

Technical indicators suggest caution, with Bollinger Bands indicating decreased volatility and the Relative Strength Index (RSI) hovering near oversold territory. The Moving Average Convergence Divergence (MACD) indicator also suggests a potential bearish trend.

In conclusion, Dogecoin's price prediction is a mixed bag, with whale activity suggesting a potential resurgence in bullish momentum, but technical indicators warning of a possible bearish trend. As the market continues to fluctuate, only time will tell if Dogecoin will reach $0.03 or plummet to new lows.