$DOGE whales just bought 310 million DOGE in a day and analysts say a 200%+ rally may be next

  • Whales scooped up 310 million DOGE in 24 hours, signaling high-stakes accumulation.

  • Technical indicators hint at a bullish breakout from a falling flag.

  • Javon Marks predicts a potential +830% rally based on historical breakout patterns

While the price currently hovers near $0.223, the charts and on-chain signals suggest a larger move towards the anticipated $1 price tag for the world’s largest meme token.

  • Whales bought 310 million Dogecoin $DOGE in the last 24 hours!

Crypto analyst Javon Marks highlighted a similar setup in Dogecoin’s price action during past bull cycles. His long-term chart shows a repeating pattern of consolidation within falling wedges, each time breaking upward with exponential gains.

BTC 5D Chart | Source: JAVON MARKS

According to Marks, $DOGE could rally more than 226% to break above its all-time high of $0.73905. If history repeats, a surge to $1.42 and even $2.11 could follow, representing a staggering 830% upside from current levels.

ETF Speculation and Whale Activity Fuel Hype

According to Polymarket, the chances of a Dogecoin ETF being approved in 2025 have jumped from 38% to 75%, a sharp rise in optimism that reflects the meme coin’s increasing institutional relevance.

Combine the ETF approval with the recent 310 million DOGE whale accumulation and a 14.24% spike in trading volume, it is clear that smart money may already be positioning ahead of a major rally for DOGE.

#DOGE Price Analysis: Bullish Flag Breakout

Zooming into the 4-hour chart, Dogecoin is breaking out of a falling flag, a classic bullish continuation pattern.

Bollinger Bands are starting to widen as price tests the upper band, hinting at increased volatility. Meanwhile, the MACD is beginning to flatten with signs of a crossover, suggesting that momentum may soon shift in favor of the bulls.

Dogecoin Bull Flag Pattern on 4H Chart | Source: TradingView

The Relative Strength Index (RSI) remains neutral at 45, giving DOGE plenty of room to run before hitting overbought territory.

Finally, the Balance of Power indicator shows a subtle return of buyer strength, while the Average True Range (ATR) is still low, a sign that a big move could be imminent.

With numerous bullish catalysts at play and a looming breakout from a bullish flag, #Dogecoin‬⁩ could attempt a push through the $1 price tag before the rally ends, making Dogecoin one of the best meme coins to buy.