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- Whales sold 200M DOGE in 48 hours, pressuring sentiment.
- ETF launch rumors fuel predictions of a rally toward $0.30.
- DOGE consolidates between $0.208–$0.223; breakout imminent.
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Dogecoin (DOGE) continues to ride a bullish recovery, but recent whale activity and market uncertainty are testing investor confidence. Over the past 48 hours, large holders have sold off significant amounts of DOGE, raising questions about the memecoin’s near-term trajectory.
Whales Offload 200 Million DOGE
On-chain data reveals that Dogecoin whales holding between 10 million and 100 million DOGE unloaded 200 million coins in just two days. While DOGE managed to climb 0.82% to trade at $0.216, trading volume dropped by 15% as investor participation remained muted. Analysts caution that if selling pressure persists, it could dampen the bullish sentiment currently surrounding the asset.
Whales sold 200 million Dogeoin $DOGE in the last 48 hours! pic.twitter.com/LB1LEXzINZ
— Ali (@ali_charts) September 4, 2025
DOGE ETF Speculation Fuels Bold Predictions
Despite reduced volume, excitement around a potential Dogecoin ETF is driving fresh price predictions. Bloomberg ETF analyst Eric Balchunas recently revealed that REX Shares may launch a DOGE ETF under the 40 Act as early as next week. This news has sparked speculation of DOGE hitting $0.30 if resistance levels at $0.21 and $0.22 are cleared. Some traders on X (formerly Twitter) are even targeting $1 or $5, though such levels would require massive momentum and a strong catalyst.
Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus. Doge looks like first one to go out, but the pros also includes on there are Trump, XRP and Bonk so poss those too at some… https://t.co/svyAFLB8Q3
— Eric Balchunas (@EricBalchunas) September 4, 2025
Technical Outlook: Key Levels in Focus
For now, DOGE is consolidating between $0.208 and $0.223. A breakout above this range could lift the price 10% to around $0.245, while a breakdown below $0.208 risks a similar 10% drop toward $0.19. Technical indicators show a mixed picture: the Supertrend remains bearish, but the Relative Strength Index (RSI) sits at a neutral 52.5, leaving room for either direction depending on market sentiment.
Dogecoin’s short-term outlook hinges on whale activity and the potential approval of a DOGE ETF. While consolidation suggests an impending breakout, traders should keep a close eye on $0.208 and $0.223 as critical levels. If ETF momentum builds, DOGE could extend its rally — but persistent whale selling may weigh on its bullish momentum.
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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
Also Read: Dogecoin ETF Launch Next Week: 40 Act Filing Could Spark Price Surge
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
