Dogecoin is surging today, bouncing back above $0.185 even as most other cryptocurrencies are trending downward.
Despite the recent decline, DOGE still maintains a solid growth of 27% compared to the same time last year, and increasing chatter about whale accumulation may signal the beginning of a larger move.
Such price volatility appears as the self-proclaimed Dogecoin millionaire Glauber Contessoto has recently expanded into other meme tokens, including PEPE, BRETT, and WIF.
But while it seems that Contessoto has given up on DOGE, he still holds this meme token, indicating that he believes it has very positive long-term price predictions.
Dogecoin Price Prediction: 'DOGE Millionaire' Strengthens Meme – Which Coin Is He Buying?
Contessoto actually invested in PEPE in February, selling all of his Ethereum holdings and investing $1 million in this frog-themed meme token.
The Doge millionaire has also opened positions in BRETT and WIF in recent weeks, as this trader posted a few weeks ago that he had switched from TOSHI to BRETT.
But as mentioned above, he still holds over 5 million DOGE, equivalent to about $925,000 at the current price.
This is a reliable signal for this long-standing meme token, although it is not very impressive in the first half of 2025 but may have strong growth potential in the second half of the year.
And if we look at today's chart, we see that it is likely in a very optimistic position, as its indicators have recently hit a bottom.
For example, the RSI index (purple) hit 30 a few days ago and now seems to be starting to rise.
At the same time, DOGE's 30-day moving average (orange) is about to hit a bottom compared to the 200-day moving average (blue), another signal indicating that we might soon see a bullish correction.
But we may have to wait for Dogecoin's price to drop a little more before a sustainable recovery, as some whales have sent this coin to exchanges in the past week.
Then, the price will return to $0.20 by the end of June and $0.50 or more by August.