DOGE Bulls Charge as Whale Activity Fuels Rally to $0.23, Key Resistance in Sight

Dogecoin (DOGE) experienced a notable 4% surge to $0.23 during the August 8-9 trading session, driven by significant whale activity. Over $200 million worth of DOGE was accumulated by large holders, with institutional buying dominating early session flows. The cryptocurrency found strong support at $0.22, a level that saw multiple retests and attracted leveraged long positions. Whale activity was particularly aggressive, with over 1 billion DOGE acquired, pushing large-holder ownership to new heights. Despite the bullish momentum, DOGE now faces a critical resistance level that could determine its near-term trajectory. This development highlights the growing institutional interest in meme coins and their potential for substantial price movements. As of August 10, 2025, the market watches closely to see if DOGE can break through this key resistance and continue its upward trend.

DOGE Surges to $0.23 Amid Whale Activity, Faces Resistance at Key Level

Dogecoin (DOGE) rallied 4% to $0.23 during the August 8-9 trading session, buoyed by aggressive whale accumulation exceeding $200 million. The cryptocurrency found strong support at $0.22, with Leveraged long positions entering the market on multiple retests of this level.

Early session flows were dominated by institutional buying, with whales acquiring over 1 billion DOGE. This activity pushed large-holder ownership close to 50% of circulating supply. However, the $0.23 resistance zone triggered profit-taking from short-term traders and potential distribution from major holders.

Technical indicators show Doge experiencing 5% volatility within a tight $0.01 range. The 14:00 hour saw selling pressure peak at 780.9 million volume as the price approached the supply zone above $0.23. A late-session 1% pullback to $0.227 occurred on institutional selling pressure, with price action consolidating in a narrow band into the close.

Major Investors Drive Dogecoin’s Dynamic 24-Hour Surge

Dogecoin (DOGE) surged 4% over a 24-hour period, with institutional buyers propelling the rally. Whale activity dominated the market, with one billion DOGE purchased—equivalent to roughly half the circulating supply. The $0.22 support level held firm, while resistance at $0.23 capped further gains.

Volatility spiked in late trading as a sudden 1% drop erased part of the advance. Liquidity dried up NEAR the $0.23 threshold, triggering profit-taking. The day's volume peaked at 780.9 million DOGE before tapering off.

Market structure suggests accumulation by large holders, though short-term traders remain active. Technical indicators point to continued tension between institutional accumulation and retail profit-taking.

Dogecoin Surges 23% as Analysts Predict Major Breakout

Dogecoin has outpaced major cryptocurrencies with a 23% rally over the past week, climbing to $0.23 amid heightened whale activity. Analysts now foresee a potential breakout, with price targets stretching to $0.50, $1, and even $2.

The meme coin's resurgence follows a period of consolidation, with 230 million DOGE snapped up by whales in a single day. This accumulation pattern mirrors the formation of a bullish double bottom—a technical signal that often precedes sustained upward momentum.

While Bitcoin and ethereum dominate mainstream crypto discussions, Dogecoin's recent performance underscores the enduring influence of retail traders and meme culture in digital asset markets. The coin's volatility remains its hallmark, attracting both speculation and skepticism in equal measure.