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🚀 DOGE Rockets 8% as Whale Activity Signals Imminent Bullish Explosion

🚀 DOGE Rockets 8% as Whale Activity Signals Imminent Bullish Explosion

Author:
Coindesk
Published:
2025-08-08 04:30:05
25
3

DOGE Surges 8% as Whale Buying Signals Bullish Breakout

Whales are circling—and Dogecoin's latest price surge suggests they're loading up for a moonshot.

DOGE just ripped past resistance with an 8% single-day gain, sparking rumors of a major breakout. Meme coin or not, when crypto's big players move, markets listen.


Whale Watch in Full Effect

Blockchain trackers spotted seven-figure DOGE purchases hitting exchanges before the pump. Classic whale behavior: accumulate quietly, then let retail traders chase the rally.


The Meme Coin That Won't Die

While 'serious' investors scoff at DOGE's lack of utility, its liquidity and meme magic keep attracting big money. Pro tip: Never underestimate a cryptocurrency with an actual cult following.

As always in crypto, today's breakout could be tomorrow's 'buy the rumor, sell the news' trap. But for now? The dogs are barking—and the suits are scrambling to explain why they're suddenly 'always believed in meme economies.'

Price Action Summary

• Doge rallies 8.4% from $0.20 to $0.22 in a volatile 24-hour session ending August 8
• Two breakout waves — 10:00 push to $0.213 and 19:00-22:00 surge to $0.223 — drive gains
• Whale accumulation tops 1 billion DOGE in 48 hours, lifting institutional confidence with analyst targets at $0.34 and $0.50

Technical Indicators Analysis

• Price gains 8.4% from $0.20 to $0.22 with 9.5% volatility
• Two rally phases: 10:00 breakout to $0.213, 19:00-22:00 surge to $0.223
• Trading volume spikes above 1 billion during breakouts vs. 378 million average
• Resistance set at $0.222-$0.224 with firm support above $0.220
• RSI nearing historical breakout thresholds linked to 70% rallies
• Inverse head-and-shoulders pattern with liquidation clusters NEAR $0.21
• Hourly consolidation in $0.2208-$0.2223 range on declining volume

What Traders Are Watching

• Whether whale-led accumulation triggers short squeeze above $0.223
• Breakout confirmation past $0.224 and follow-through toward $0.25
• Sustained RSI overbought conditions as a momentum driver
• Impact of broader meme coin sentiment on DOGE flows

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