DOGE Whale Activity Signals Potential Bull Run as Price Breaks Key Resistance
Dogecoin (DOGE) is showing strong signs of a potential bullish resurgence as whale activity surges by 112% over the past week. Large holders, controlling more than 0.1% of DOGE's circulating supply, have been aggressively accumulating the meme coin, even amid modest price gains. This behavior mirrors the institutional confidence seen during the 2021 bull run, suggesting a renewed interest in DOGE. Currently trading at $0.172, Dogecoin has successfully breached the critical $0.16 resistance level, a key milestone that could pave the way for further upward momentum. Technical analysts are closely monitoring this development, as the breakout could signal the start of a significant price rally. The increased whale activity, combined with the breakout, indicates strong underlying demand and could attract more investors to the asset. As of July 9, 2025, the crypto community is watching DOGE closely for signs of a sustained uptrend, with many anticipating a repeat of its previous highs. The combination of whale accumulation and technical breakthroughs makes Dogecoin a standout in the current market landscape.
Dogecoin Whale Activity Surges 112% as Price Breaks Key Resistance
Dogecoin whales have dramatically increased their holdings, with accumulation jumping 112% over the past week. Large holders controlling more than 0.1% of DOGE's circulating supply are accumulating despite modest price gains, signaling renewed institutional confidence reminiscent of 2021's bull run.
The memecoin currently trades at $0.172, having broken through the crucial $0.16 resistance level. Technical analysts identify three potential upside targets: $0.20333, $0.22899, and $0.25383, with some suggesting the cryptocurrency may repeat its 2015-2017 bullish cycle structure.
Futures markets echo this optimism, with DOGE's OI-Weighted Funding Rate holding steady at 0.0086%. The combination of whale accumulation and positive derivatives positioning suggests growing conviction among sophisticated investors.
Dogecoin Price Path to $0.2596 Open if It Holds Key Support Level, Analyst Says
Dogecoin's price chart shows signs of a slow but steady recovery, with a 2.8% gain over the past week. Despite this upward momentum, DOGE faces resistance in the upper $0.17 zone. Analyst Tom Tucker highlights a double bottom formation NEAR the $0.1467 support level, signaling potential for a bullish breakout.
The double bottom pattern, observed on April 7 and June 22, 2025, underscores persistent buyer interest. The neckline of this pattern lies at $0.2596, a key resistance level. Strengthening signals from RSI, MACD, and whale behavior further support the bullish case.
Dogecoin Surges 5% Amid Institutional Accumulation and Technical Breakout
Dogecoin rallied 5% in the past 24 hours, climbing from $0.163 to $0.171 as institutional interest and technical momentum converged. The meme cryptocurrency saw its most aggressive price action between 12:00-13:00 UTC on July 6, spiking to $0.173 on volume exceeding 1.14 billion DOGE—six times its daily average.
Key support has formed at $0.166, with the asset now consolidating between $0.170-$0.173. Analysts identify $0.173-$0.175 as critical resistance; a decisive breach could propel Doge toward $0.180 and potentially $0.21. On-chain data reveals whales holding 1M-100M DOGE have accumulated steadily since June 28, while smaller holders liquidated positions—a divergence signaling long-term confidence.
The MOVE coincides with mounting speculation about Elon Musk's X platform eventually integrating DOGE payments, offsetting macroeconomic uncertainty surrounding President Trump's July 9 tariff deadline. Technical structure suggests buyers are defending dips, potentially foreshadowing a larger upward move.
