DOGE’s Whale-Driven Rally: A 29% Surge Signals Renewed Bullish Momentum

Dogecoin (DOGE) has made a remarkable comeback, surging 29% in just three days to break past the $0.20 mark—a price level not seen since March 2025. This resurgence is part of a broader altcoin market recovery, but Doge stands out due to significant whale activity and heightened network participation. Key metrics, including a 41% spike in large transactions and increased active addresses, suggest growing institutional interest and bullish sentiment. This article delves into the factors driving DOGE’s rally and what it could mean for its future trajectory.

Dogecoin Surges 29% Amid Renewed Market Confidence

Dogecoin has staged a dramatic recovery, rallying 29% over three days to reclaim the $0.20 threshold—a level unseen since March. The memecoin’s resurgence coincides with a broader altcoin market revival, but DOGE stands apart due to explosive whale activity.

IntoTheBlock data reveals a 41% spike in large transactions, while active addresses surged, signaling robust network participation. This whale-driven momentum suggests growing institutional interest rather than retail speculation alone.

The $0.24 resistance now looms as a critical test. Market observers note the absence of similar volume spikes in other major memecoins, positioning DOGE as an outlier in the current cycle.

DOGE Bull Run Looming: Crucial Retest of $0.1653 Trendline Support Signals Big Move Loading

Dogecoin (DOGE) is showing signs of a potential bull run as it rebounds from a critical trendline support at $0.1653. Market analyst Ali Martinez highlights the meme coin’s resilience, noting its sustained uptrend despite minor declines. The ascending support trendline, established since October 2024, has historically acted as a reliable floor for DOGE.

Martinez’s analysis suggests a bullish target of $0.27 if the current momentum holds. Traders remain cautious, however, questioning the sustainability of the recovery. The market watches closely as DOGE tests this key level, with a breakout potentially triggering significant upward movement.

Long-Term DOGE Holders Cash In Amid 36% Surge, Raising Rally Sustainability Concerns

Dogecoin’s recent 36% price surge has triggered a wave of profit-taking by long-term holders, with on-chain data revealing the most aggressive selling pressure since June 2023. The Age Consumed metric, which tracks dormant coins returning to circulation, shows LTHs liquidating positions at levels not seen in nearly two years.

This exodus of steadfast investors introduces significant volatility risk to DOGE’s uptrend. Market analysts note that when the cryptocurrency’s bedrock supporters begin divesting, it often precedes heightened price swings and potential trend reversals. The current sell-off mirrors historical patterns where extended rallies prompted veteran holders to realize gains.

Santiment data indicates the selling spree could test Dogecoin’s ability to maintain its current valuation floor. While retail enthusiasm continues fueling the meme coin’s popularity, the departure of long-term stakeholders may erode confidence among shorter-term traders, creating headwinds for sustained upward momentum.