Dogecoin News Today: Dogecoin Eyes 80% Upside as Whale Buying and ETF Hype Drive Breakout

Dogecoin (DOGE) is showing technical and institutional signals that could drive a significant price rally. Recent price action has seen the cryptocurrency break out of a broadening wedge pattern on the daily chart, a formation historically associated with bullish continuation. The breakout, which pushed DOGE to a high of $0.2875, was followed by a retest of the trendline at around $0.22, confirming the pattern’s validity as the price rebounded to $0.2386 [1]. Analysts highlight this retest as a critical validation of the bullish structure, suggesting sustained momentum above the trendline could propel DOGE toward $0.2875 and beyond. A successful breakout past this level would target resistance at $0.4340, representing an 80% upside from current levels [1].

Whale activity has intensified, with over 1.08 billion DOGE tokens—valued at approximately $250 million—accumulated in large wallets during price dips. This surge in buying pressure, observed within 48 hours, coincided with DOGE surpassing the $0.25 resistance level [9]. Institutional interest has also risen, driven by speculation around a potential Dogecoin ETF approval. Prediction markets now assign an 80% probability to such an ETF, mirroring the success of Ethereum and XRP ETFs earlier in 2025. This has drawn institutional investors into the market, contributing to DOGE’s expanded market cap of $40.85 billion [9].

Technical indicators further reinforce the bullish outlook. A double bottom pattern, identified by traders, sets a price target of $0.476, contingent on a breakout above the neckline at $0.249 and a retest of that level [9]. The Relative Strength Index (RSI) has entered oversold territory, a common precursor to rebounds, while a bullish MACD crossover—marked by a line at 0.02927—suggests growing buying momentum [4]. Additionally, the cryptocurrency’s retest of the $0.18–$0.20 support zone aligns with historical patterns where consolidation phases precede upward moves [2].

Despite these positive signals, risks persist. A broader market correction could undermine the double bottom formation’s validity, and forecasts of a 77% price surge to $0.46 remain speculative scenarios [7]. Traders emphasize the importance of maintaining support above $0.25 to sustain the current bullish trajectory. While some analysts project potential moves toward $1.56 via weekly bullish wave patterns, these remain unverified and should be approached with caution [8].

The convergence of technical patterns, whale accumulation, and institutional buying positions DOGE at a pivotal juncture. A sustained rally above key resistance levels could validate the broader bullish case, but market participants must remain vigilant to shifting conditions.

Sources:

[1] [Dogecoin Price Nears Breakout Zone as Key Technical Indicators Align](https://coincentral.com/dogecoin-price-nears-breakout-zone-as-key-technical-indicators-align/)

[2] [Dogecoin Surges 2.065% on Bullish Patterns Whale Accumulation](https://www.ainvest.com/news/dogecoin-news-today-dogecoin-surges-2-065-bullish-patterns-whale-accumulation-analysts-predict-80-rise-2507/)

[4] [Dogecoin Eyes Breakout as Technical Indicators Align for Rebound](https://thecryptobasic.com/2025/07/25/dogecoin-eyes-breakout-as-technical-indicators-align-for-rebound/)

[7] [Dogecoin Double Bottom Breakout Could Spark 77% Surge to $0.46](https://www.ainvest.com/news/dogecoin-news-today-dogecoin-double-bottom-breakout-spark-77-surge-0-46-2507/)

[8] [Dogecoin Coils for Breakout: DOGE Price Path Targets $1 and Beyond](https://blockonomi.com/dogecoin-coils-for-breakout-doge-price-path-targets-1-and-beyond/)

[9] [DOGE Breaks $0.25 as Whales Buy $250M, Eyes $0.48 Target](https://cryptorank.io/news/feed/687cf-doge-breaks-0-25-as-whales-buy-250m-eyes-0-48-target)