Dogecoin Whales Buy 310M DOGE as Breakout Nears

Sean Williams
Dogecoin (DOGE)

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Key Takeaways:

  • Whales bought 310 million DOGE in 24 hours, signaling strong accumulation.
  • Technical breakout from a bullish flag pattern supports upside potential.
  • DOGE ETF approval odds surged to 75%, fueling institutional interest.

Dogecoin (DOGE) is once again in the spotlight after whales accumulated over 310 million tokens in the past 24 hours, sparking renewed optimism for a major breakout. The meme coin currently trades near $0.223, but analysts suggest a potential move toward the long-awaited $1 mark could be underway.

Whale Activity and ETF Optimism Boost Momentum

According to analyst Ali Martinez, the latest spike in whale accumulation may indicate that smart money is positioning early for a significant rally. Meanwhile, data from Polymarket shows that the probability of a Dogecoin ETF approval in 2025 has soared from 38% to 75%. This surge in sentiment signals growing institutional interest in the leading meme token.

Adding to the bullish case, trading volume spiked by 14.24%, suggesting increasing participation from both retail and institutional investors.

Bullish Technical Setup Signals Possible Breakout

On the technical front, Dogecoin’s 4-hour chart reveals a breakout from a falling flag pattern—a bullish continuation signal. Bollinger Bands are widening as price nears the upper band, hinting at increased volatility. Meanwhile, the MACD shows signs of an upward crossover, indicating a potential shift in momentum toward the bulls.

Also Read: Dogecoin Plunges 12% as $0.24 Resistance Holds Strong Amid Broader Crypto Sell-Off

The Relative Strength Index (RSI) sits at a neutral 45, giving DOGE plenty of room to climb without entering overbought territory. Additionally, the Balance of Power and ATR (Average True Range) both suggest a major move could be on the horizon.

Historical Pattern Suggests Massive Upside

Crypto analyst Javon Marks points to a familiar pattern in Dogecoin’s historical price action. His analysis shows that past consolidations in falling wedges have often preceded explosive moves upward. If the current setup follows the same trajectory, DOGE could not only break past its previous all-time high of $0.73905 but potentially rally to $1.42 or even $2.11—an 830% increase from current levels.

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

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