DOGE Eyes Bullish Breakout as Whale Activity Sparks 8% Surge

Dogecoin (DOGE) has experienced a significant 8.4% rally within 24 hours, driven by aggressive accumulation from large holders, commonly referred to as whales. The meme coin surged from $0.20 to $0.22, accompanied by a spike in trading volume to 1 billion DOGE—nearly triple its daily average. Between August 7-8, two distinct breakout phases indicated growing institutional interest, with whales absorbing over 1 billion tokens during the ascent. Technical indicators now suggest a potential bullish breakout, fueling optimism among investors. As of August 10, 2025, the cryptocurrency market is closely watching DOGE for further upward momentum, with many anticipating a sustained rally if key resistance levels are breached.

Dogecoin Surges 8% Amid Whale Activity, Eyes Bullish Breakout

Dogecoin (DOGE) rallied sharply by 8.4% within 24 hours, propelled by aggressive accumulation from large holders. The meme coin climbed from $0.20 to $0.22 as trading volume spiked to 1 billion DOGE—nearly triple its daily average. Two distinct breakout phases between August 7-8 signaled growing institutional interest, with whales absorbing over 1 billion tokens during the ascent.

Technical indicators now suggest a potential bullish phase. Doge faces immediate resistance at $0.222-$0.224 after establishing support above $0.220. The hourly chart shows consolidation between $0.2208 and $0.2223, with traders awaiting confirmation of the next directional move.

Dogecoin (DOGE) Surges to $0.24 Following Elon Musk's X Payment Integration Hints

Dogecoin trades at $0.24, marking a 0.17% daily gain, after Elon Musk hinted at potential DOGE payment integration on X platform. The announcement triggered an 8% rally, with technical indicators confirming bullish momentum.

Whale accumulation patterns emerged earlier, with large holders purchasing over 1 billion DOGE within 48 hours. This institutional buying supported an 8.4% price increase to $0.22, establishing strong foundational support for the current rally.

Despite a 5% dip to $0.1985 on August 6th amid broader market risk aversion, Dogecoin has demonstrated resilience. The MACD histogram shows positive divergence, suggesting sustained upward potential as market sentiment remains tethered to Musk's influence.

Dogecoin Enters Key Accumulation Zone Amid Rally Predictions

Dogecoin has re-entered a historically significant price range between $0.055 and $0.079, a zone that previously preceded massive rallies. Analyst Ali Martinez notes this band triggered 23,000% and 15,000% surges in past cycles, drawing parallels to the 2020-2021 accumulation phase that culminated in a $0.74 peak.

The meme coin currently hovers NEAR $0.08 after months of sideways movement—a pattern reminiscent of its pre-breakout consolidation. Retail investor interest may rekindle as social media chatter grows, particularly with Elon Musk's continued public endorsements of DOGE.