DOGE Shows Bullish Resilience: Whale Activity Sparks 5.5% Surge Amid Market Uncertainty

Dogecoin (DOGE) has demonstrated remarkable resilience in the face of broader market uncertainty, rebounding 5.5% from a dip to $0.220 to reach $0.232 within just 12 hours. This surge is fueled by significant whale accumulation and trading volume that doubled the average, indicating strong support at the $0.222 level. Technical analysis highlights a higher low pattern, suggesting sustained bullish momentum despite ongoing macroeconomic and geopolitical challenges. As of May 28, 2025, DOGE’s performance stands out in the crypto market, with traders closely watching whale activity and key support levels for future price direction.

Dogecoin Rebounds 5.5% as Whale Accumulation Fuels Bullish Momentum

Dogecoin has defied broader market uncertainty with a 5.5% rebound, recovering from a dip to $0.220 to reach $0.232 within 12 hours. The rally comes amid significant whale accumulation and double the average trading volume, signaling strong support at $0.222.

Technical analysis reveals a higher low pattern, suggesting bullish momentum despite macroeconomic headwinds. The cryptocurrency’s resilience stands out as geopolitical tensions and trade disputes weigh on digital assets.

Elon Musk Criticizes Trump-Era Spending Bill for Undermining DOGE Initiatives

Elon Musk has publicly criticized a major government spending bill backed by former President Donald Trump, claiming it jeopardizes efforts by the Department of Government Efficiency (DOGE). The Tesla CEO, who invested $300 million in Trump-aligned political causes, expressed frustration during a Bloomberg interview. "The deficit-expanding bill undermines the Doge team’s work," Musk stated, referencing his informal role in the agency.

The legislation, championed by TRUMP as a signature achievement, has drawn scrutiny for its fiscal impact. Musk’s comments highlight growing tensions between tech leaders and traditional political allies over economic policy. His focus on DOGE—a term doubling as the meme cryptocurrency’s namesake—adds a layer of crypto-market relevance to the fiscal debate.

Dogecoin Surges as Traders Seize Market Opportunities

Dogecoin’s open interest jumped 5.24% in the past 24 hours, approaching $1.3 billion, signaling aggressive positioning by short-term traders. Nearly all activity stems from futures contracts, where leverage amplifies bets on both upside and downside moves. The surge hints at renewed speculative interest in DOGE, now trading at $0.224536.

Perpetual futures dominate the action, offering traders unlimited duration to capitalize on volatility. Exchange order books show deepening liquidity, though concentrated derivatives activity raises risks of abrupt price swings. Binance and Bybit account for the lion’s share of trading volume.