- Whale activity spikes 400%, signaling accumulation and fueling Dogecoin’s recent 18% price surge
- Analysts predict Dogecoin could surpass resistance at $0.40 on its way to the coveted $1 target
Over the past 24 hours, Dogecoin [DOGE] has experienced a dramatic 400% surge in whale transactions, coinciding with a notable 18% price increase over the past week.
The sudden rise in whale activity has sparked speculation about a potential bullish run for DOGE. Whale transactions are often significant market movers, with large trades driving price fluctuations.
As whales continue to accumulate Dogecoin, many analysts predict that the token could reach the coveted $1 target.
Whale activity signals bullish momentum
Dogecoin’s recent price surge appears to be driven by intensified whale activity. Santiment data shows a remarkable 400% increase in large transactions exceeding $100,000 within the past 24 hours, signaling heightened interest from deep-pocketed investors.
Source: Santiment
Historically, an uptick in whale transactions has been a precursor to bullish trends. These large trades often reflect accumulation phases or strategic positioning for further upside.
Rising trading volumes and growing market optimism suggest that whales are betting on a sustained rally. With robust institutional interest, analysts speculate that Dogecoin could retest its all-time high. It might potentially reach the coveted $1 milestone in the coming months.
Read Dogecoin’s [DOGE] Price Prediction 2025–2026
Short-term price predictions
Dogecoin’s price action has positioned it as a strong contender for further bullish momentum in the near term. The data illustrates a clear breakout from its consolidation phase, supported by steady increases in trading volumes and liquidity.
With the CMF indicator hovering in positive territory at 0.06, capital inflows suggest sustained buying pressure and robust demand in the market.
Additionally, the RSI remains below overbought levels, indicating room for further upside without immediate risk of a correction. This technical alignment, coupled with strong whale activity, reinforces short-term bullish sentiment.
Source: TradingView
Market liquidity appears ample to support additional upward movements. The recent surge in transaction volumes implies growing confidence among retail and institutional participants.
However, Dogecoin faces psychological resistance near $0.40. Breaching this level could pave the way toward $0.50, a critical level en route to $1.
While the current setup favors bullish scenarios, traders should remain cautious of potential volatility. This could be driven by macroeconomic factors or profit-taking by whales. Short-term price action will likely hinge on sustained volume growth and broader market sentiment.
