Dogecoin whales bought over $1B in 24 hours, signaling renewed confidence and setting the stage for a bullish market shift.
DOGE’s breakout from a long-term downtrend with rising volume and whale interest points to potential gains toward the $0.25 range.
The meme coin rebounded sharply from $0.18 to $0.207, with support forming and technical indicators signaling a bullish reversal underway.
Dogecoin is making waves again as over $1 billion worth of DOGE changed hands in just 24 hours. This sudden buying spree, mainly from crypto whales, has triggered a wave of optimism across the market. Currently trading at $0.207, the meme coin is showing signs of strength after weeks of turbulence.
Whales are loading up fast, likely positioning for a major price move. This happened just after a sharp correction saw DOGE drop from a high of $0.287 down to near $0.18. Now, the digital asset is bouncing back, capturing trader attention worldwide.
Source: Ali
The buying pressure comes after a bullish wedge breakout, confirmed by popular analyst David_W_Watt on X. DOGE has broken its downward trend for the first time in months. This breakout, backed by strong volume, has analysts eyeing a potential run toward $0.24–$0.25. The bounce near $0.19 suggests buyers are defending lower levels. Consequently, the $0.207 level could now act as a support base if momentum builds further.
Volatility Gives Way to Optimism
Dogecoin has a long history of wild price swings, and the current chart paints a familiar picture. From late June to early August, DOGE danced between $0.22 and $0.25 before exploding to $0.287 in late July.
That sharp rally, likely driven by social media buzz and whale activity, was followed by an equally fast correction. Prices plunged back down to $0.18 within days, reminding traders just how emotional meme coins can be.
Source: David
However, the drop didn’t last long. DOGE bounced quickly and has been climbing ever since. Besides, the recent whale activity hints at growing confidence among big players. They rarely make large moves without anticipating returns. Hence, retail traders are now watching closely.
Technicals Point to a Bullish Reversal
Analysts note that DOGE was trapped in a descending channel for weeks. The breakout candle, which closed above the trendline, changed the structure. Moreover, the 4-hour chart shows clear support forming near $0.21, a previously strong resistance level. Watt suggests a safer entry could come with a retest of support, but the trend now leans bullish.
Additionally, the increase in volume shows traders are returning. If DOGE holds above this level, a test of $0.24–$0.25 could follow. For now, the market is watching with caution—but excitement is clearly back.
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