Dogecoin Price Predictions After a Whale Sells 170 Million DOGE – Could the $1 Mark Be on the Horizon?
Cryptonews – Dogecoin’s price movement appears to be forming a bullish technical pattern on the daily chart, potentially signaling a strong upcoming breakout. Could a major price surge be imminent?
Over the past week, Dogecoin (DOGE) has declined by 3%, currently stabilizing around $0.2205, as the recent meme coin rally begins to cool down after a strong surge and above-average trading volumes. DOGE saw $1.8 billion in trading volume over the past 24 hours, reflecting a 37% drop from the previous day — possibly indicating easing selling pressure, which supports a short-term bullish outlook.
On another note, Santiment data shows that a Dogecoin whale (a large investor) sold 170 million DOGE worth over $40 million in recent days, contributing to downward pressure on the price. However, this move is likely a profit-taking step after DOGE’s strong rally and could actually benefit the upward trend by building momentum, especially as the market recently hit very high levels on the daily chart.
Dogecoin Price Outlook as Bullish Flag Pattern Forms – Could It Reach $0.35 Soon?
The recent price dip in DOGE has led to the formation of a bullish flag pattern. When such a pattern appears after a strong upward move, it often indicates price consolidation and the potential for continued gains after a brief correction. This pattern’s bullish signal will be confirmed if the price breaks above the upper boundary of the flag near $0.24.
If such a breakout is accompanied by strong trading volume, it could signify the continuation of the rally, potentially pushing DOGE toward the $0.35 level in the near term. Additionally, the formation of this pattern presents an even more attractive entry opportunity than a week ago for those who missed the earlier rally.
In any case, interested observers should closely watch the $0.18 support level, which aligns with the second-highest price level DOGE has recently reached. A bounce from this level would suggest strong support and reinforce the strength of the anticipated upward move.
If the price continues to build momentum — supported by increasing real-world use and strong community backing — reaching the $1 mark becomes a realistic long-term goal. Meanwhile, the resurgence of meme coins has brought renewed interest to new crypto launches, with the standout project currently being SUBBD (SUBBD), which is gaining attention for its high growth potential.
