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DOGE Whale Activity Ignites 12% Surge: $0.286 Next Target as Institutional Interest Grows

DOGE Whale Activity Ignites 12% Surge: $0.286 Next Target as Institutional Interest Grows

Author:
DOGE News
Published:
2025-05-10 14:48:49
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) experienced a significant 12% price surge to $0.2062 following a massive 793 million Doge transfer between anonymous wallets, sparking speculation about renewed institutional interest. Technical analysis suggests the memecoin has flipped key resistance levels, with $0.286 emerging as the next target. Sentiment indicators have turned decisively bullish, with both retail and smart money showing strong confidence, as reflected in Market Prophit scores above 1.3. The rally was accompanied by a spike in trading volume, further underscoring the growing momentum behind DOGE.

793 Million Dogecoin Transfer Sparks 12% Price Surge as Whale Activity Detected

Dogecoin surged 12% to $0.2062 amid a 793 million DOGE whale transfer between anonymous wallets, signaling renewed institutional interest. The memecoin flipped key resistance with $0.286 emerging as the next technical target.

Sentiment indicators turned decisively bullish, with Market Prophit recording scores above 1.3 for both retail and smart money. Trading volume spiked during the rally, though on-chain metrics show only modest recovery signs.

Dogecoin Tests Key Resistance at $0.2298 Amid Bullish Momentum

Dogecoin surged to $0.2297 as meme coins extend their 2025 rally, with technical indicators signaling further upside potential. The appearance of a ’Three WHITE Soldiers’ candlestick pattern—a hallmark of bullish reversals—suggests sustained buying pressure.

A decisive breakout above the $0.2109 Fibonacci level has propelled DOGE toward the 2.272 extension at $0.2298. The 50-day EMA at $0.1867 now serves as robust support, while MACD convergence reinforces the uptrend.

DOGE Explodes by 35% in 2 Days Amid Meme Coin Resurgence

Dogecoin (DOGE) surged 35% in just 48 hours, reclaiming levels last seen in early March as meme coins staged a broad market rally. The cryptocurrency, which had dipped to $0.13 during recent macroeconomic turbulence, now trades at $0.23 - a 2024 high that analysts suggest may mark the beginning of a larger upward trend.

The rally coincides with improving global risk sentiment and a resurgence of speculative appetite in crypto markets. While DOGE leads the meme sector, its performance mirrors broader capital rotation into altcoins as Bitcoin dominance wavers. Traders are now watching whether this marks a sustained rotation or short-term speculative froth.

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