Dogecoin News Today: Dogecoin Eyes $0.30 as Whales Buy 2 Billion and Golden Cross Forms

Dogecoin is approaching a critical price level as large holders continue to accumulate significant volumes of the meme-based cryptocurrency. Over the past seven days, whales have added approximately 2 billion DOGE to their wallets, reinforcing a bullish narrative as the price trades near $0.24. This accumulation coincides with a technical setup that has drawn attention from both retail and institutional observers, with many pointing to the potential for a breakout above the $0.30 resistance level [1].

On-chain data from Santiment reveals a strong correlation between whale activity and price movement, suggesting that the recent buying is not just speculative but indicative of strategic positioning by major stakeholders [2]. Analysts highlight that such accumulation patterns are often precursors to sharp price movements, especially when combined with favorable technical structures [3]. The formation of a Golden Cross, a bullish indicator formed when a short-term moving average crosses above a long-term one, has further reinforced the case for a near-term rally [4].

The price of DOGE has been steadily climbing, forming higher lows that suggest strengthening buyer sentiment. A recent chart analysis shared by Galaxy highlights that Dogecoin has rebounded from key support levels multiple times, pushing closer to a resistance zone marked by previous sell-offs [5]. If buyers manage to push beyond $0.30, historical patterns suggest that the next phase of the uptrend could see the price aiming for higher levels later in 2025 [6].

However, the market remains divided. While some traders and analysts are optimistic about the potential for a larger move toward $1, others warn against complacency. Retail investors have embraced the bullish narrative, with some expressing confidence that “the prophecy to $1 must be fulfilled.” In contrast, more cautious voices, like those of experienced market observers, have pointed to the historical tendency of Dogecoin to enter bearish phases after reaching all-time highs [7].

The accumulation by whales is particularly significant given that over half of the total DOGE supply is now held by large investors. Such a concentration can amplify market movements, as these holders often act as trend setters, either reinforcing bullish momentum or triggering selloffs if sentiment shifts [8]. The current buildup is seen as a sign of growing confidence in the asset’s utility and adoption, even though Dogecoin remains largely driven by speculative interest and market sentiment [9].

While the path to $0.30 appears to be gaining traction, traders are advised to remain cautious. The psychological barrier at this price level has historically seen strong resistance, and a failure to break through could lead to a consolidation phase or even a reversal. However, if the accumulation continues and the Golden Cross holds, the technical case for a sustained rally remains intact [10].

Source:

[1] AInvest, [https://www.ainvest.com/news/dogecoin-surges-21-week-0-30-target-golden-cross-formation-2508/](https://www.ainvest.com/news/dogecoin-surges-21-week-0-30-target-golden-cross-formation-2508/)

[2] Brave New Coin, [https://bravenewcoin.com/insights/dogecoin-doge-price-prediction-dogecoin-initiates-bullish-momentum-above-0-23-how-high-can-doge-hit-in-august](https://bravenewcoin.com/insights/dogecoin-doge-price-prediction-dogecoin-initiates-bullish-momentum-above-0-23-how-high-can-doge-hit-in-august)

[3] CoinJournal, [https://coinjournal.net/news/dogecoin-price-prediction-doge-eyes-0-30-on-whale-accumulation/](https://coinjournal.net/news/dogecoin-price-prediction-doge-eyes-0-30-on-whale-accumulation/)

[4] U.Today, [https://u.today/dogecoin-forms-major-golden-cross-is-030-next-target](https://u.today/dogecoin-forms-major-golden-cross-is-030-next-target)

[5] CoinMarketCap, [https://coinmarketcap.com/community/articles/689db4bccd503f0cdaa2267a/](https://coinmarketcap.com/community/articles/689db4bccd503f0cdaa2267a/)

[6] CryptoRank, [https://cryptorank.io/news/feed/a4caf-doge-price-rallies-over-6-after-whales-buy-1b-dogecoin-is-0-30-likely](https://cryptorank.io/news/feed/a4caf-doge-price-rallies-over-6-after-whales-buy-1b-dogecoin-is-0-30-likely)

[7] AInvest, [https://www.ainvest.com/news/dogecoin-news-today-dogecoin-forms-golden-cross-rises-22-bulls-target-0-27-resistance-2508/](https://www.ainvest.com/news/dogecoin-news-today-dogecoin-forms-golden-cross-rises-22-bulls-target-0-27-resistance-2508/)

[8] Bitget, [https://www.bitget.com/price/dogecoin/news](https://www.bitget.com/price/dogecoin/news)