DOGE Technical Breakout: Whale Accumulation and Rounding Bottom Pattern Signal Major Rally Ahead
As of October 31, 2025, Dogecoin is demonstrating strong bullish momentum with a 5.15% weekly surge to $0.1977, pushing its market capitalization to $29.9 billion. The cryptocurrency has attracted significant institutional interest, with whales accumulating over $134 million worth of DOGE tokens amid heightened trading volume of $1.61 billion in the past 24 hours. Technical analysis reveals a compelling long-term rounding bottom pattern on weekly charts, characterized by three successively higher lows forming a classic cup-shaped structure. This technical formation historically precedes substantial price rallies, suggesting Dogecoin may be poised for significant upward movement. The combination of massive whale accumulation and bullish chart patterns indicates growing confidence among large investors in DOGE's future prospects. Market analysts are closely monitoring whether this technical breakout could propel Dogecoin toward new resistance levels, potentially marking the beginning of a sustained bullish trend. The current market dynamics reflect increasing institutional participation in meme cryptocurrencies, with Dogecoin maintaining its position as a leading digital asset despite market volatility. The rounding bottom pattern's completion could trigger accelerated buying pressure as technical traders enter positions, while whale activity continues to provide strong support at current price levels.
Dogecoin Whales Accumulate $134 Million as Technical Pattern Suggests Rally Potential
Dogecoin has surged 5.15% this week to $0.1977, with its market capitalization now standing at $29.9 billion. Trading volume reached $1.61 billion in the past 24 hours as large investors purchased over $134 million worth of DOGE.
A long-term rounding bottom pattern has emerged on the weekly chart, featuring three successively higher lows forming a cup-shaped structure. This technical formation typically signals growing demand and often precedes significant price movements.
Key resistance levels loom between $0.22 and $0.25. A decisive breakout could propel Doge toward targets ranging from $0.34 to $0.48, with more ambitious projections reaching $0.70-$0.80. Some analysts draw parallels to previous bull cycles, suggesting potential for a rally toward $7.20 based on historical patterns.
Dogecoin Trading Volume Surges Amid Whale Sell-Off
Dogecoin's trading volume spiked 60% to over $2 billion within 24 hours, even as its price hovered NEAR $0.21. The meme cryptocurrency showed signs of heightened retail interest, but on-chain data revealed a contrasting trend: whales dumped more than 500 million DOGE during the same period.
Santiment analytics tracked significant sell-offs by wallets holding 10-100 million DOGE, with one dormant whale transferring 36 million coins ($26.8 million) to Binance. Despite the volume surge, DOGE remains down 12% monthly at $0.206, creating a tension between retail momentum and institutional exit strategies.
Dogecoin Slumps 8% Post-Fed Meeting as Powell Tempers Rate Cut Expectations
Dogecoin tumbled 8.4% in 24 hours following hawkish commentary from Federal Reserve Chair Jerome Powell, underperforming major cryptocurrencies. The memecoin now trades at $0.18, extending its monthly decline to 20%.
Market sentiment soured after Powell cautioned that a December rate cut wasn't guaranteed despite Wednesday's anticipated quarter-point reduction. 'Inflationary pressures remain concerning,' the Fed chair noted, catching traders off guard. The remarks triggered broad risk-off moves across crypto markets.
Technical indicators reflect growing bearishness, with the Fear & Greed Index hovering at 34. Still, some models project a 13% rebound to $0.21 by late 2025. The coin's $28 billion market cap now trails November peaks.
