Dogecoin (DOGE) price has seen a sharp uptick in price following a notable surge in whale accumulation. Over the past 48 hours, major holders have acquired over 1.2 billion DOGE tokens, fueling increased on-chain activity and renewed bullish momentum. As DOGE reclaims critical technical zones near $0.21, questions arise: Will this whale-driven momentum push Dogecoin toward the $0.25 threshold? Can DOGE sustain the breakout, or is this just a short-lived accumulation phase before profit-taking begins?
Whale Activity Signals Strategic Accumulation
Dogecoin’s latest price surge appears to be heavily influenced by a fresh wave of whale accumulation. On-chain data shows that wallets holding between 10 million and 100 million DOGE have added over 2.3 billion tokens in just 72 hours. This significant inflow aligns with DOGE’s sharp rise from $0.197 to over $0.214, indicating strategic positioning by large holders anticipating a potential breakout. Historically, such accumulation patterns by whales have often preceded substantial bullish momentum in Dogecoin’s price trajectory.
Additionally, trading volume has spiked well above the daily average, and derivatives data reflects a 12.7% rise in open interest, pointing to increased market confidence. This behavior suggests that institutional and high-net-worth players are actively building positions. If these wallets continue to absorb supply and DOGE holds above the $0.212–$0.218 support range, there’s a strong technical case for a potential rally toward the $0.225 to $0.25 resistance zone in the short term.
Dogecoin Price Forecast: Will it Reach $0.25 This Month
After experiencing a steep correction during the first half of the month, the Dogecoin price has been progressive since the start of the month. The bulls seem to have dominated the rally, due to which the rally has been maintaining consecutive higher highs and lows, displaying the growing strength of the rally. Currently, the buying pressure is coiling up, which suggests the token is about to test one of the pivotal resistance zones.
The recent breakout has caused the price to rise above the Gaussian channel, which was bearish. Therefore, the indicators are about to flip bullish any time from now, which could validate a bullish reversal. On the other hand, the CMF has displayed a steep rise, which points towards a notable rise in the monetary influx. After a couple of rejections from the range between $0.2430 and $0.2473, the top memecoin is all set to enter the range yet again.
However, the bulls are required to exhibit more strength henceforth and assist the Dogecoin price to rise above the pivotal price range. With this, the token could rise above the bearish captivity and reach $0.25 which could active the upper targets.
