DOGE Surges Past $0.25 as Whales Accumulate $250M, Eyes $0.48 Target

Dogecoin (DOGE) has broken through the $0.25 resistance level, fueled by significant whale activity and growing market interest. Over the past 48 hours, whales have purchased more than 1.08 billion DOGE tokens, worth approximately $250 million, driving the price to a local high of $0.29. This accumulation, coupled with a 77% spike in trading volume to $6.43 billion, signals strong bullish momentum. Analysts are now eyeing a potential target of $0.48, supported by technical indicators confirming a bullish double-bottom pattern. Speculation around a possible Dogecoin ETF and broader market Optimism further bolster DOGE's upward trajectory, with expectations of a major breakout by 2025. As of July 23, 2025, DOGE continues to show resilience, marking a 7.83% daily gain and positioning itself as a standout performer in the crypto market.

DOGE Breaks $0.25 as Whales Buy $250M, Eyes $0.48 Target

Dogecoin surged past the $0.25 resistance level as whales accumulated over 1.08 billion DOGE tokens worth approximately $250 million within 48 hours. Trading volume spiked 77% to $6.43 billion, signaling renewed market interest amid speculation of a potential Dogecoin ETF and a major breakout by 2025.

The token climbed to $0.2720, marking a 7.83% daily gain, with a local high NEAR $0.29. Technical analysis confirms a bullish Double Bottom pattern, suggesting strong upward momentum. Institutional confidence appears to be growing, with concentrated whale activity reaching levels not seen in months.

Dogecoin Exchange Balances Hit $7 Billion, Signaling Potential Sell-Off

Dogecoin faces mounting sell pressure as exchange balances surge to a six-month high. Over 26.1 billion DOGE, worth approximately $7 billion at current prices, now sit on centralized exchanges—a historical precursor to price declines.

Recent patterns suggest a troubling trend. In May, similar spikes preceded sharp drops: an 8.6% decline followed a May 11 peak, while a 33% crash occurred after May 23's balance increase. The current accumulation mirrors these conditions, potentially foreshadowing a drop from $0.265 to $0.22 or lower.

Compounding the concern, shrinking HODL Waves indicate weakening holder confidence. As long-term investors reduce positions, the market braces for extended downward pressure. "When this much supply sits on exchanges, it's not a matter of if—but when—the selling begins," notes a senior analyst at Glassnode.

Dogecoin Shatters 4-Year Bearish Trend with 65% July Rally

Dogecoin has defied historical trends with a stunning 65% surge in July, marking its most bullish performance for the month on record. The meme coin broke through the $2.7 resistance level that had capped prices for months, simultaneously ending a four-year bearish streak that had haunted investors.

July typically ranks among Dogecoin's worst-performing months, averaging just 2.23% gains with median returns of -4.59%. This year's rally upends expectations, particularly as Q3 has historically been Dogecoin's weakest quarter—closing negative in eight of the past twelve years. The current momentum suggests a potential regime change for the cryptocurrency.

Dogecoin Price Prediction: DOGE Clears Key Resistance – $10 Next Target?

Dogecoin has slipped 2% to $0.2667 amid a broader market correction, yet maintains impressive weekly and monthly gains of 39% and 70% respectively. The meme coin's rally follows the GENIUS Act passage and ETF inflow growth, signaling renewed institutional interest.

Technical indicators now flash bullish signals. DOGE's weekly chart shows a decisive breakout from a descending channel pattern that had constrained price action since December. The RSI has crossed above 50, while the MACD nears a positive crossover—both historically reliable precursors to extended uptrends.

Market sentiment appears to be shifting fundamentally for meme coins. Dogecoin's enduring popularity and improving technical structure suggest potential for significant upside, with some traders eyeing ambitious long-term targets. The $10 price point remains speculative, but not implausible given crypto's history of parabolic moves during bull markets.