Dogecoin News Today: Dogecoin Surges Past $0.24 Amid Bullish Sentiment and Whale Accumulation

Dogecoin (DOGE) has surged past $0.24 in recent days, driven by a shift in social sentiment across meme coin indexes and increased on-chain activity [1]. Analysts are now speculating that DOGE could revisit the $1 level in this price cycle, particularly if the bullish momentum from retail and institutional investors continues. According to crypto analyst Ali Martinez, whale activity has been significant, with over 130 million DOGE tokens accumulated in the past 24 hours alone [1]. This accumulation suggests growing confidence among large holders, who may see value in the current dip [2].

Price models have highlighted $0.26 as a key resistance level for DOGE, with a break above this threshold potentially signaling a path toward $0.36 or higher [1]. Some projections from CoinCodex indicate a price range of $0.215 to $0.232 by late August [1], suggesting that the short-term outlook remains supportive of further upside. Analysts have also noted that Elon Musk’s recent tweets and institutional interest in the meme coin space have amplified retail participation and sentiment [1].

While DOGE continues to attract attention, other altcoins such as Remittix (RTX) are also gaining traction. Remittix recently unveiled a mobile-first wallet ahead of its Q3 launch, with features including cross-chain support, low-fee transactions, and real-time FX conversion [1]. Unlike DOGE, which relies largely on social media momentum, RTX is being positioned as a utility-driven project with audited security protocols and tangible real-world applications [1]. The project has also raised over $17.7 million and is being described by analysts as a “next big altcoin 2025” and a “new altcoin to watch” with real traction [1].

The broader meme coin index has shown signs of bullish energy, with DOGE’s performance acting as a bellwether for the sector. However, analysts caution that DOGE’s ability to reach $1 hinges on sustained social sentiment and institutional support. Meanwhile, projects like RTX are being viewed as more stable long-term investments due to their structured utility and clear economic model [1].

Despite the optimism, it is important to distinguish between actual market behavior and analyst forecasts. For instance, some models suggest DOGE could revisit $1 this cycle, but these are speculative projections and should not be treated as guaranteed outcomes [1].

Source:

[1] Dogecoin Price Prediction: DOGE Could Revisit $1 as Social Sentiment Flips Bullish Across Meme Coin Indexes, Coindoo (https://coindoo.com/dogecoin-price-prediction-doge-could-revisit-1-as-social-sentiment-flips-bullish-across-meme-coin-indexes/)

[2] Dogecoin Price Prediction: Is $1 Within Reach? Whales..., Barchart.com (https://www.barchart.com/story/news/33712520/dogecoin-price-prediction-is-1-within-reach-whales-are-eyeing-remittix-instead)