Dogecoin has jumped more than 6% in the past day, now trading around $0.241, after large holders scooped up 1 billion DOGE worth roughly $200 million. Such whale activity has often fueled price surges by tightening supply and signalling strong confidence from key players.
This buying wave pushed DOGE above the critical $0.220–$0.227 support range and broke through resistance at $0.230–$0.238. Analysts are now eyeing a potential move toward $0.26, with a break beyond that possibly setting the stage for a run at the $0.30 psychological mark.
Dogecoin’s price swings often intensify when whale accumulation aligns with strong community sentiment, given its unique status as a meme-driven cryptocurrency. The current bullish market climate has amplified this effect, attracting more investor attention.
Still, risks remain. Overbought readings and DOGE’s history of sharp volatility mean sudden drops are possible. While hitting $0.30 is within reach if momentum holds, traders should monitor technical signals and sentiment closely to manage risk.