- Dogecoin whales have bought 2 billion tokens in a week, pushing prices up 17% and adding $5.5 billion to its market cap.
- The recent Golden Cross pattern hints at a possible extended rally, with resistance at $0.26 and support at $0.22.
Dogecoin (DOGE) is back in the spotlight after whales purchased 2 billion tokens in just seven days, sparking optimism among traders. This buying spree, valued at approximately $500 million, has fueled a 17% price surge over the same period, lifting DOGE’s market capitalization by $5.5 billion to $36.38 billion.
Massive Whale Activity Fuels Optimism
Market analyst Ali Martinez highlighted that wallets holding between 100 million and 1 billion DOGE have been leading the accumulation. In a single 24-hour window, whales bought 230 million tokens, triggering an 8% price jump. This strong demand from large holders has set the stage for potential further gains.
2 billion Dogecoin $DOGE scooped up by whales in the last 7 days. pic.twitter.com/R6EbOYZnGD
— Ali (@ali_charts) August 14, 2025
At the time of writing, DOGE trades near $0.24, showing a slight 3% pullback in the past 24 hours. Despite this dip, market sentiment remains bullish, especially with recent technical developments.
Dogecoin Golden Cross Ends Bearish Phase
Dogecoin’s recent Golden Cross — where the 50-day EMA crosses above the 200-day EMA — has broken a five-month bearish cycle that began in March with the Death Cross. Historically, this signal points to prolonged rallies as it reflects improving price structure.
The daily RSI remains in a moderately bullish range, leaving room for price growth before hitting overbought territory. A clean break above $0.26 could open the path to $0.30, with the next resistance target at $0.32.
Indicators Point to Early-Stage Uptrend
The price is edging toward the upper Bollinger Band, hinting at the potential for a breakout if buying pressure continues. Additionally, the MACD has entered positive territory, with the MACD line crossing above the signal line. While the histogram is still small, it suggests the bullish trend is in its early stages.
Key Support Levels to Watch
If DOGE fails to hold the $0.22 support, a retest of $0.20 could occur. This level will be critical for bulls to defend in order to maintain the current upward outlook.
With whale activity increasing and a Golden Cross in play, Dogecoin’s technical and market setup suggests the potential for another leg higher — provided the key support zones hold firm.
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