DOGE Whale Activity Signals Potential Breakout Amid Accumulation

Dogecoin (DOGE) has been trading within a narrow range, struggling to gain momentum for a significant price movement. However, recent on-chain data reveals a surge in whale activity, hinting at a possible breakout. Over the past week, large holders have increased their netflow by 112%, showcasing strong accumulation despite the stagnant price action. Notably, whale addresses holding more than 0.1% of DOGE's total supply have shifted to net buying, reflecting growing confidence in the meme coin's future prospects. This accumulation phase often precedes bullish movements, suggesting that DOGE could be gearing up for a substantial upward trend. As of July 2025, the cryptocurrency market is closely watching these developments, anticipating a potential liftoff for Dogecoin.

Why Dogecoin Could Be Ready for Liftoff — Whale Moves Signal Breakout

Dogecoin (DOGE) has been trapped in a tight trading range, lacking the momentum to break out in either direction. However, recent whale activity suggests a potential upward move. Large holders have increased their netflow by 112% over the past week, signaling accumulation despite stagnant prices.

Whale addresses holding more than 0.1% of DOGE's supply are now net buyers, indicating confidence in the meme coin's future. This accumulation comes as futures traders maintain long positions, with a funding rate of 0.0026% reflecting sustained demand.

The divergence between price action and on-chain metrics paints a bullish picture. When whales accumulate during periods of low volatility, it often precedes significant price movements. Dogecoin's historical volatility cycles suggest this could be the calm before another parabolic rally.

Treasury Secretary Clashes with Elon Musk Over Political Ambitions

Treasury Secretary Scott Bessent publicly criticized Elon Musk, calling him a "loser" and urging him to abandon his political endeavors. The remarks came during a live TV interview, where Bessent dismissed Musk's newly launched America Party as unlikely to gain traction. "Most of America thinks he's a loser," Bessent declared, emphasizing Musk's lack of national popularity despite his corporate successes with Tesla and SpaceX.

The tension stems from Musk's recent break with President TRUMP and Republicans over the One Big Beautiful Bill Act, which Trump signed into law last Friday. Musk, who had previously spearheaded the now-defunct Department of Government Efficiency project (DOGE), vehemently opposed the bill, citing its long-term financial costs. Bessent suggested Musk's companies would prefer he focus on business rather than politics, hinting at dissatisfaction among board members.

DOGE’s Stochastic Crossover Signals Potential Rebound as Long-Term Holders Accumulate

Dogecoin's biweekly chart shows a bullish stochastic crossover in oversold territory, suggesting weakening downward momentum. Analyst Trader Tardigrade notes the pattern historically precedes price recoveries, with Doge finding support at a long-term ascending trendline.

The oversold condition indicates excessive selling pressure may be exhausting. Strategic traders appear to be accumulating positions, interpreting the dip as a buying opportunity. Such technical formations often precede shifts from distribution to accumulation phases.

Market participants are watching whether this signals a potential move toward $0.20. The meme coin's price action continues to draw attention from both retail and institutional traders seeking high-beta crypto exposure.