Dogecoin's recent surge of over 24% due to whale accumulation and optimistic technical signals has once again placed it in the spotlight, with investors hoping it will break the $1 barrier. Market support and social media influence have amplified this possibility.
The original meme coin Dogecoin has regained the spotlight. After soaring over 24% in a day, traders are once again asking the big question: could this be the run that finally sends Doge to $1? With whale movements, optimistic technical signals, and a surge in community energy, the latest Dogecoin price predictions resonate more than ever.
However, Dogecoin is not the only meme coin making waves. Dawgz AI, a newcomer that combines meme culture with AI-driven trading tools, has caught the attention of investors looking for something fresh and functional.
So, by 2025, can Doge really surpass the $1 barrier? Or will new projects like Dawgz AI start to shift the spotlight? Let's break down the momentum, what drives it, and what might happen next.
Whale accumulation fuels optimism
One of the strongest driving factors behind Dogecoin's current surge is whale accumulation. According to on-chain data from Santiment, wallets holding between 100 million to 1 billion Dogecoins recently accumulated over 600 million tokens in just 48 hours. This behavior from large investors ('smart money') typically indicates expectations of future price increases and market optimism.
This accumulation coincides with Dogecoin breaking above key resistance levels, suggesting that whales align their strategies with technical patterns indicating upward movement. Historically, increased whale activity has led to significant price peaks for Dogecoin, fueling speculation that a bullish trend is unfolding.
Technical indicators point to a bullish run
Several technical indicators are painting a positive picture for Dogecoin. Investors report that Doge recently broke above $0.234 on its Bollinger Band, while the 100-day moving average sits at $0.197. These are key resistance points, and surpassing them would confirm bullish momentum.
Dogecoin's current trading price is close to $0.236 and has reached a key pivot area marked as 'slanted resistance'. A daily close above this level may pave the way for Doge to target $0.30 in the short term. Additionally, trading volume has increased by 46.8%, reportedly reaching $3.47 billion in 24 hours. High volume during price breakouts often signifies strong buying interest.
Cryptocurrency trader Ash Crypto said upon posting to X (formerly Twitter): '$Doge is making strides.
MACD crossover signal mainly indicates upward potential
Adding fuel to the bullish fire is the new Moving Average Convergence Divergence (MACD) on Dogecoin's weekly candlestick chart. Analyst Trader Tardigrade accurately called Doge rallies, noting that the MACD led to price surges of 285% and 460% in 2023 and 2024, respectively (source link).
The current MACD setup is creating a rounded bottom, which is a classic bullish signal that often predicts significant upward movements. If this pattern continues, analysts believe Doge could not only maintain its momentum in 2025 but also approach the highly anticipated $1.
Dogecoin price prediction for 2025
Despite Dogecoin's current trading price being between $0.23 and $0.26, some Dogecoin price predictions for 2025 suggest that if favorable conditions persist, the Meme Coin could rise to $1. This is why this target is not far-fetched:
Historic surges: Past upward trends indicate that during bullish cycles, Dogecoin has the potential for exponential growth, often driven by community support and increased social media hype.
Elon Musk effect: The coin's most vocal supporter, Elon Musk, remains a significant influence. Discussions or endorsements of the coin by Musk on social media platforms can trigger immediate price spikes.
Altseason potential: If Dogecoin's surge triggers a broader alt-season in 2025, an influx of new investors could bring Doge closer to $1.
Even so, the road to $1 for Dogecoin will not be without challenges. Breaking through psychological resistance levels and maintaining momentum will require sustained whale accumulation, robust trading volume, and growth in the global cryptocurrency market.