🚀 DOGE Soars 6% as Whales Gobble 1B Coins – $0.30 Next Stop?

Dogecoin just got a turbo boost from crypto's big players. A jaw-dropping 1 billion DOGE purchase sent prices climbing over 6% in hours—proving once again that memecoins move when whales wake up.

### The Whale Effect Strikes Again

When deep-pocketed traders start accumulating, retail investors scramble. This time, the buying spree triggered a classic FOMO rally—because nothing fuels crypto markets like the fear of missing out.

### The $0.30 Question

With DOGE now testing resistance levels, traders are eyeing that psychologically juicy $0.30 target. Will it break through? Or will this turn into another 'buy the rumor, sell the news' circus? Only time—and maybe Elon's next tweet—will tell.

Funny how a coin started as a joke now moves markets. Then again, Wall Street's been running on vibes for decades—why shouldn't crypto?

If bullish momentum continues, the chart signals a potential 18.19% surge, targeting the $0.26 zone.

Besides, the rally is spurred by strong institutional interest, following whale accumulation of 1 billion Doge ($200 million) in recent sessions. The large-holder ownership nears 50% of the supply.

Whales bought over one billion Dogecoin $DOGE in the last 24 hours! pic.twitter.com/qdGrIE6Gez

This means that the concentrated buying reduces sell-side liquidity and signals institutional confidence. Further, the DOGE turnover ratio suggests sufficient market depth that WOULD sustain momentum for the short term.

Per a trader, the Doge price is now pushing toward the 0.28 target zone inside a bullish channel structure. “A break above 0.28 could open the path toward the higher 0.38 resistance area.”

Potential Dogecoin ETF Approvals and Wider Adoption

Institutional investors have assigned odds as high as nearly 80% in the Polymarket for a potential dogecoin ETF approval. Besides, the political and regulatory landscape has also changed significantly this year toward a crypto-lenient approach.

In June, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised odds of spot Dogecoin ETF approvals to 90%. They noted that altcoin ETFs, including DOGE and XRP, have a better chance of being approved by the SEC by the end of 2025.

The increase in the ETF speculation, along with whale activity and policy developments, suggests a possible higher price target in the coming months.

DOGE Technical Momentum

Dogecoin has reclaimed its 30-day simple moving average (SMA) with relative strength index (RSI) within the neutral zone at 57. This means there is room for an upside trend. Key resistance is at $0.263.

Bulls are expecting a breakout above $0.242–$0.245, which could unlock a secondary leg toward $0.25–$0.26. holding above the support zone would keep DOGE’s bullish thesis intact, setting up trends for a potential surge.