Dogecoin (DOGE) has seen significant whale activity recently, signaling a potential further price rally. Here are the key points about this development as of August 2025:
On August 6, 2025, a major purchase of approximately 1 billion DOGE (valued around $70 million at the time) was executed by whales, signaling renewed confidence among large holders despite a recent broader crypto market sell-off. This kind of large-scale buy is often interpreted as a strategic accumulation phase by whales preparing for potential market moves.
Whale accumulation continued with large buys worth about $200 million within a day in mid-August, pushing DOGE price gains of around 5.6% intraday before some profit-taking trimmed gains. On-chain data shows multiple large transfers into accumulation addresses, indicating sustained interest by big players.
Technical indicators support a bullish outlook:
DOGE experienced a "Golden Cross" where the 50-day moving average crossed above the 200-day moving average for the first time in five months, a classic signal for a bullish trend reversal.
Price support levels held well around $0.220 to $0.232, with resistance near $0.238 proving to be the immediate ceiling.
Higher lows over recent sessions suggest building bullish momentum.
Whale buying is driving strong bid-side interest and providing liquidity floors that help stabilize price amid volatile market conditions.
Analysts see these whale moves as a major factor underpinning near-term price strength, with potential technical targets around $0.27 and above if momentum sustains.
However, some caution remains as large buys can temporarily inflate prices, possibly leading to volatility or quick profit-taking later.
In summary, Dogecoin whale activity is intense and appears to be fueling a constructive setup for further rallies. Whale buys totaling billions of DOGE, supportive technical signals, and increased trading volumes collectively indicate a bullish trend could be building, with key resistance around $0.238–$0.25 to watch for a breakout toward higher price levels soon.
This combination of factors suggests a strong possibility of a continuation of DOGE price appreciation in the near term, pending sustained whale demand and broader market conditions supporting the move.
