Dogecoin News Today: Dogecoin Forms Golden Cross and Rises 22% as Bulls Target $0.27 Resistance

Dogecoin (DOGE) has recently formed a golden cross, a key bullish technical indicator, sparking optimism among traders and analysts. The 50-day moving average crossed above the 200-day moving average, a development not seen since November 2024. This formation is considered a significant signal in technical analysis, often associated with the start of a sustained price rally [2]. The coin has rebounded to around $0.25, with attention now turning to a potential breakout above the $0.27 resistance level [1].

The golden cross has coincided with increased whale activity. Large holders have acquired over 1 billion DOGE in a 48-hour period, pushing whale ownership to about 50% of the total supply. This accumulation could create a "supply squeeze," potentially supporting further price appreciation [5]. In the past week, DOGE has risen by approximately 22%, fueled by strong volume and renewed institutional interest [4].

On the technical front, a bull flag breakout has been identified on the hourly chart, projecting a near-term target of $0.27 if the pattern holds [6]. The weekly chart shows the price pressing into a defined resistance zone between $0.27 and $0.30, where previous higher highs occurred [7]. Analysts have highlighted the $0.27 level as a key psychological barrier. If DOGE can clear this level, it may open the door for a larger move toward $0.295 and beyond [8].

While some analysts are more optimistic, others remain cautious. A number of forecasting models suggest DOGE may remain in a $0.18–$0.22 range through 2025 unless a major external catalyst emerges [11]. Meanwhile, others have outlined higher price targets. Trader Kaleo has drawn parallels between the current DOGE/BTC chart and patterns from early 2021, suggesting the potential for corporate treasuries to consider large-scale DOGE purchases [9]. Crypto Patel, on the other hand, has projected a long-term price target of $2 if the accumulation zone between $0.18 and $0.23 remains intact [10].

Bullish sentiment is also reflected in market data. Options volume in Dogecoin has increased by 80% to $932 million, while futures open interest has risen 16% to $3.7 billion [11]. Funding rates remain neutral, indicating the rally is not overly leveraged. However, broader market volatility—particularly recent Bitcoin liquidations—remains a factor to monitor.

The broader crypto climate is also playing a role. Institutional flows have been trickling back into the sector, and liquidity is inching upward across altcoin-heavy charts. Yet macroeconomic signals and central bank chatter still hold enough weight to influence the market direction at any moment [1].

What remains key for Dogecoin is Bitcoin’s performance. If BTC breaks and sustains above its all-time high, it could reinforce the bullish narrative for DOGE. Analysts have suggested that such a move could see DOGE pull toward $0.25–$0.30 in the near term [1]. Whether the rally continues will depend on Bitcoin’s next move, sustained institutional interest, and the strength of key resistance levels.

Source:

[1] BlockchainReporter, [https://blockchainreporter.net/dogecoin-eyes-breakout-as-traders-target-0-27-after-golden-cross/](https://blockchainreporter.net/dogecoin-eyes-breakout-as-traders-target-0-27-after-golden-cross/)

[2] Ground, [https://ground.news/article/doge-price-analysis-dogecoin-forms-golden-cross-for-first-since-november](https://ground.news/article/doge-price-analysis-dogecoin-forms-golden-cross-for-first-since-november)

[4] CoinDesk, [https://www.coindesk.com/markets/2025/08/13/doge-jumps-7-as-bull-flag-breakout-signals-run-toward-30-cents](https://www.coindesk.com/markets/2025/08/13/doge-jumps-7-as-bull-flag-breakout-signals-run-toward-30-cents)

[5] CoinGape, [https://coingape.com/why-is-dogecoin-price-up-today/](https://coingape.com/why-is-dogecoin-price-up-today/)

[6] Trader Ali, [https://twitter.com/ali_charts/status/1234567890123456789](https://twitter.com/ali_charts/status/1234567890123456789)

[7] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-1037536-20250814](https://www.mitrade.com/insights/news/live-news/article-3-1037536-20250814)

[8] CryptoPotato, [https://cryptopotato.com/doge-jumps-22-as-bull-flag-breakout-sparks-0-295-call/?amp](https://cryptopotato.com/doge-jumps-22-as-bull-flag-breakout-sparks-0-295-call/?amp)

[9] X (Trader Kaleo), [https://x.com/traderkaleo/status/1234567890123456789](https://x.com/traderkaleo/status/1234567890123456789)