Doge coin has seen a remarkable surge in the past 48 hours, with trading volume skyrocketing to $2 billion and price doubling. The sharp move has reignited bullish chatter, with many now eyeing $10 as the next big milestone for the popular memecoin.
$DOGE climbed 20% to hit $0.185, re-establishing itself as a top-tier altcoin and pushing back into the spotlight of “best crypto to buy” discussions.
Fueling the rally is a broader return of risk appetite, triggered by easing tensions in the China-US trade standoff and Trump’s conciliatory stance toward the Federal Reserve. As retail capital returns to the markets, Dogecoin appears to be soaking up the flow.
Whale Activity Suggests $10 Isn’t Just a Dream
While a jump to $10 would require a staggering 58x move from current levels, some believe it’s not entirely out of reach. The growing interest in Dogecoin ETFs—several of which are currently awaiting SEC approval—adds long-term credibility to the bullish case.
Market optimism is being further boosted by the appointment of pro-crypto Paul Atkins as SEC Chair, reigniting speculation around ETF greenlights.
On-chain analytics from IntoTheBlock show whales are already responding. Large DOGE holders are favoring Dogecoin over Bitcoin, with DOGE outpacing BTC in both major transaction volume and daily active addresses—up 41.12% and 34.91% respectively, while Bitcoin saw declines of 11.26% and 10.25%.
Crypto analyst DogeCapital pointed to historical data showing that Dogecoin has consistently outperformed Bitcoin across each halving cycle.
“DOGE has led every cycle since it launched,” he wrote. “There’s no reason to expect this one will be different.”
Can Dogecoin Maintain This Momentum?
Technical indicators are flashing green as DOGE inches closer to the upper boundary of a descending channel that’s defined its recent downtrend.
A breakout could soon be in play, especially with the price bouncing off a long-standing support line that’s held since mid-2024. A 45% rally to $0.25 looks possible in the short term if momentum continues.
Momentum indicators support the bullish thesis: the MACD just flipped positive, forming a golden cross—a classic signal of a trend reversal. Meanwhile, the RSI is climbing out of bearish territory, signaling building buying pressure.
If Dogecoin can flip its 20-day SMA resistance, currently capping the rally, it may clear a path toward $0.48—representing a potential 160% upside from current levels.
New ICO Turns Heads, Targets $85B Market with AI
While altcoins recover, presales have emerged as a compelling alternative, offering upside potential even in volatile conditions.
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