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DOGE Whales Signal Bullish Breakout Amid Retail Sell-Off

DOGE Whales Signal Bullish Breakout Amid Retail Sell-Off

Author:
DOGE News
Published:
2025-07-07 14:53:14
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) is exhibiting strong bullish indicators as on-chain data reveals a growing divergence between retail investors and large holders, commonly referred to as 'whales.' While smaller investors have been selling their DOGE holdings since late June, whale addresses holding between 1 million and 100 million coins have been aggressively accumulating. This accumulation is further supported by a notable increase in large transactions exceeding $100,000—a historical precursor to significant price movements. The technical pattern suggests an impending breakout, potentially driving DOGE's price upward in the near term. As of July 2025, the cryptocurrency market is closely watching these developments, anticipating a possible surge in Dogecoin's value.

Dogecoin Whales Accumulate as Technical Pattern Suggests Impending Breakout

Dogecoin is flashing bullish signals as on-chain data reveals a stark divergence between retail and whale behavior. While smaller investors have been offloading Doge holdings since late June, addresses holding 1 million to 100 million coins are aggressively accumulating. This whale activity coincides with a surge in large transactions exceeding $100,000—a classic precursor to significant price movements.

The meme cryptocurrency appears primed for volatility as it consolidates within a falling wedge formation on daily charts. This technical pattern, known for preceding explosive breakouts, has developed while DOGE maintains steadfast support at the $0.13 level. The multi-year floor has withstood multiple tests in 2025, demonstrating remarkable resilience amid broader market fluctuations.

Dogecoin Bulls Target $3.40 Amid Historic Pattern as Trading Volume Surges

Dogecoin surged 6.6% to $0.1743, accompanied by a 184.95% spike in 24-hour trading volume to $1.2 billion. The meme cryptocurrency's market cap now stands at $26.15 billion, with trading volume representing an unusually high 4.59% of total valuation. Whale accumulation and retail investor participation appear to be driving the rally.

Technical indicators paint a conflicting picture. While a historic wedge formation suggests potential for a breakout toward $3.40, the current -44 bearish trend score and overbought StochRSI readings warn of possible pullbacks. Immediate resistance sits at $0.2271, with support established NEAR $0.15.

Analysts note the current price action mirrors previous patterns that preceded significant rallies, though the bearish SuperTrend signal tempers optimism. The $0.13 level emerges as critical support should downward pressure intensify.

Dogecoin Holds Breakout as Rally Looms – Still One of the Best Meme Coins

Dogecoin ($DOGE) has broken out of a multi-month downtrend, holding firmly above the $0.16 resistance level that constrained its price action throughout Q2. The resurgence in online interest, as tracked by Google Trends, mirrors early signals of previous meme coin bull runs, suggesting potential for renewed momentum.

Technical analysts are eyeing key resistance levels at $0.20333, $0.22899, and $0.25383, with bullish candle formations on 4H and daily charts supporting the breakout narrative. Notable traders like GalaxyBTC and Ledger Bull highlight a fractal pattern reminiscent of Dogecoin's 2015–2017 cycle, raising speculation of a structural shift if $DOGE closes above $0.20 with sustained volume.

The meme coin sector is heating up broadly, but Dogecoin’s ability to flip $0.16 from resistance to support—coupled with rising trading volume—positions it as a bellwether for the category. Its historical precedent and market dominance continue to make it a focal point for speculative capital.

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