Dogecoin News Today: Dogecoin Surges 30% as Whales Buy 2 Billion Amid Bullish Signals

Dogecoin (DOGE) appears to be entering a period of renewed bullish momentum, according to recent analysis and market activity. Technical indicators suggest a possible reversal in the cryptocurrency’s price trend, with the potential for a rally that could push the asset toward the $1 level. The recent breakout of a falling trendline on the 2-week chart, combined with the completion of a five-wave corrective pattern under Elliott Wave theory, has analysts and traders taking notice [1]. Trader Tardigrade, a well-known crypto analyst, highlighted this development on social media, noting the alignment of multiple bullish signals [1].

The technical case for DOGE is supported by a momentum oscillator that has moved upward from the oversold zone, a pattern that has historically preceded sharp price increases [1]. Additionally, the price has moved above key support levels, with strong bullish candle formations reinforcing the idea that buying pressure is increasing. The current price of DOGE is around $0.2313 as of August 15, 2025, and if the momentum continues, the $1 target could become more attainable [1].

Whale activity has also intensified, with large holders making significant purchases in recent weeks. Data from Ali Martinez shows that whale transactions—defined as trades over $1 million—peaked at a one-month high on August 13 [1]. This increase in large-scale accumulation is often interpreted as a sign of institutional interest or strategic repositioning by major investors. The alignment between rising price levels and whale activity suggests that influential market participants are re-entering or increasing their stakes in DOGE [1].

Analyst KrissPax has drawn attention to a potential 4-year cycle that could see the price of DOGE reach $1, a forecast that ties together broader market sentiment and timing factors [1]. This view is echoed by others who point to DOGE’s increased trading volume and resilience in the face of volatility. Some strategies are already being built around this potential move, with Umut Aktu outlining a short-term trade setup targeting entry points around $0.22 and profit zones at $0.23, $0.235, and $0.245 [1].

While the $1 price target is speculative and based on analyst forecasts, it reflects the growing optimism surrounding Dogecoin’s technical and on-chain fundamentals. As the broader crypto market shows signs of shifting toward altcoins, DOGE could benefit from increased attention and capital flow. However, the market remains cautious, and while the stage is set for a potential rally, the timing and magnitude remain uncertain [1][2][3].

Sources:

[1] Dogecoin Bullish Signal: Whales Buy 2 Billion DOGE (https://www.newsbtc.com/news/dogecoin/dogecoin-bullish-whales-buy-2-billion-doge/)

[2] Cardano Nears $1, DOGE Eyes 30%, Cold Wallet's ... (https://crypto-economy.com/ada-climbs-toward-1-doge-charts-30-surge-cold-wallet-unlocks-3423-roi-for-less-than-a-cent/)

[3] Doge Fear and Greed Index | Multiple Timeframes (https://cfgi.io/doge-fear-greed-index/)