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- Whales bought 2B DOGE in a week, boosting price 17%.
- Golden Cross formation signals potential long-term bullish trend.
- Key resistance at $0.26 could pave way to $0.30 if broken.
Dogecoin (DOGE) has captured market attention after large holders amassed a staggering 2 billion DOGE in just seven days, valued at approximately $500 million. This whale activity has fueled a 17% surge in DOGE’s price over the same period, reflecting renewed investor optimism.
Whales Driving the Rally
Market observers highlight that wallets holding between 100 million and 1 billion DOGE are central to the bullish sentiment. In a single 24-hour window, whales purchased 230 million DOGE, pushing the price up 8%. Overall, DOGE has added around $5.5 billion to its market cap this week, bringing it to $36.38 billion, despite a minor 3% dip in the past 24 hours.
Renowned analyst Ali Martinez pointed out that sustained whale accumulation often signals strong long-term trends, giving traders confidence in DOGE’s continued growth.
2 billion Dogecoin $DOGE scooped up by whales in the last 7 days. pic.twitter.com/R6EbOYZnGD
— Ali (@ali_charts) August 14, 2025
Golden Cross Signals Bullish Momentum
The recent buying spree coincides with the formation of a Golden Cross between the 50-day and 200-day exponential moving averages (EMA), signaling the end of a five-month bearish cycle following March’s Death Cross. Historically, Golden Crosses have often triggered extended rallies, reflecting an improving price structure.
Technical indicators support this optimism. The daily RSI suggests moderate bullish momentum without overbought conditions, leaving room for potential upside. Meanwhile, the MACD has turned positive, hinting at strong early-stage bullish momentum, although the small histogram indicates the trend is still developing.
Also Read: Dogecoin Price Hits 7% Gain as Golden Cross Signals Potential $0.30 Breakout
Key Resistance and Support Levels
DOGE is approaching the upper Bollinger Band, which may indicate a breakout if buying pressure persists. Analysts note that surpassing the $0.26 resistance could push DOGE toward $0.30, with a next target near $0.32. Conversely, failure to defend the $0.22 support may lead to a retest of $0.20, where buyers will need to step in to maintain the bullish outlook.
Whale activity, combined with the Golden Cross formation, positions Dogecoin for a potentially strong rally in the near term. Traders and investors are closely watching resistance and support zones, while technical indicators suggest room for further price growth before any exhaustion.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
