Dogecoin News Today: Dogecoin Surges 2.065% on Bullish Patterns Whale Accumulation as Analysts Predict 80% Rise

Dogecoin has returned to a pivotal support zone between $0.18 and $0.20, a level historically associated with significant price rebounds. This range has repeatedly acted as a catalyst for bull runs in the past, drawing attention from traders and long-term holders [1]. Current trading levels hover near $0.24, with a recent bounce from lows reinforcing optimism. Analysts highlight the formation of a “rounded bottom” pattern on long-term charts, a technical indicator often preceding upward momentum [1].

Technical indicators suggest mixed signals but remain broadly bullish. A double bottom pattern forming around $0.26 is critical for validating upward momentum, with potential resistance levels at $0.30 and $0.36 [1]. The Relative Strength Index (RSI) shows a hidden bullish divergence on the 4-hour chart, while the price remains above the 12-period EMA at $0.24. A bullish MACD crossover has emerged, historically aligning with past gains of up to 446% [1]. Whale activity has intensified, with large holders accumulating over 310 million DOGE during recent dips, signaling institutional confidence [1].

Forecasts from analysts vary but lean optimistic. One prominent analyst predicts an 80% rise to $0.42 in the coming months, supported by Fibonacci retracement levels and historical cycle behavior [1]. Other projections suggest higher targets, including $0.45 by year-end and $1.60 by 2025, contingent on sustained bullish momentum [1]. Trader Tardigrade emphasized a breakout zone between $0.27 and $0.28 as a key threshold, with potential for a move to $0.41–$0.52 if volume surges [1]. However, caution persists. A recent 7% selloff to $0.23 underscores volatility, as institutional buying clashes with heavy profit-taking [2].

Critical price levels will determine the next phase. A break above $0.27 could confirm a bullish trend, while a retest below $0.20 may signal a bull trap, exposing further downside to $0.17 [1]. The $0.245 and $0.26 levels are seen as immediate hurdles for sustained momentum. Meanwhile, declining options open interest and mixed macroeconomic signals highlight the need for caution. The broader context includes Dogecoin’s growing social media traction and integration efforts with Elon Musk’s X platform in 2025, though unresolved debates about a dedicated ETF linger [1].

Institutional interest and whale accumulation suggest potential for a breakout, but confirmation will depend on holding above key levels in the coming sessions [1]. Long-term holders remain stable, while short-term traders drive recent volatility, as reflected in the rising realized profit/loss ratio [1].

Source: [1] [Dogecoin Surges 2.065% Amid Bullish Patterns and Whale Accumulation] (https://www.ainvest.com/news/dogecoin-surges-2-065-bullish-patterns-whale-accumulation-2507/) [2] [Dogecoin (DOGE) Plunges 7% Despite Institutional Interest as Volatility Surges] (https://blockchain.news/news/20250725-dogecoin-doge-plunges-7-despite-institutional-interest-as-volatility-surges)