Dogecoin (DOGE) has staged a fresh rallyâup around 6%âdriven by significant whale accumulation across the board. Large wallets scooped up between 1 billion DOGE to $200â$250 worth, signaling renewed institutional appetite for the meme coin .
Whatâs Fueling the Rally?
Whale Accumulation: Recent sessions saw massive inflowsâ1B DOGE added to large wallets and over $50M bought within 24 hours .
Technical Strength: DOGE reclaimed its 30-day SMA and is showing bullish setups such as double bottoms and breakout-ready flags. Key support zones lie between $0.22â$0.23, with resistance looming at $0.238â$0.26 .
ETF Buzz & Regulatory Tailwinds: Speculation around a potential spot Dogecoin ETF approval has intensified, with analysts raising the odds to as high as 80â90% by end of 2025 .
Quick Takeaways:
Factor Significance
Whale Accumulation Demonstrates confidence from large holders, often a bullish signal
Technical Indicators.
Chart patterns support continuation of the upward move
ETF & Regulation Hype.
Institutional frameworks could open doors for broader adoption
Dogecoinâs short-term trajectory now hinges on whether it can hold above support and break through resistance levels. A sustained push past $0.26 could pave the way toward $0.30, while failure to hold current levels may invite consolidation or pullbacks .