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DOGE’s Bullish Surge: Whale Activity and E-Commerce Adoption Fuel 10.8% Rally

DOGE’s Bullish Surge: Whale Activity and E-Commerce Adoption Fuel 10.8% Rally

Author:
DOGE News
Published:
2025-08-13 06:31:14
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) has once again captured the spotlight with a remarkable 10.8% price surge within just 24 hours, defying muted analyst attention and reigniting retail enthusiasm. The rally is primarily attributed to coordinated whale accumulation and the growing acceptance of DOGE as a payment method across multiple e-commerce platforms. This surge has also positively impacted cloud mining operations, where USD-denominated rewards have increased due to DOGE's price appreciation, directly boosting profitability. As of August 13, 2025, the meme-inspired cryptocurrency continues to demonstrate its resilience and utility in the ever-evolving digital asset landscape.

Dogecoin Surges 10.8% Amid Whale Activity and E-Commerce Adoption

Dogecoin (DOGE) defied muted analyst attention with a 10.8% price surge over 24 hours, reigniting retail enthusiasm. The rally appears driven by coordinated whale accumulation and expanding payment utility, with multiple e-commerce platforms now accepting the meme-inspired asset.

Cloud mining operations report increased USD-denominated rewards as DOGE's price appreciation directly boosts profitability. The move echoes previous breakout patterns where Dogecoin outperformed during periods of concentrated Bitcoin and ethereum focus.

DOGE Rises 5.6% on $200M Whale Accumulation Despite Late-Session Selloff

Dogecoin (DOGE) surged 5.6% in a 23-hour window, climbing from $0.225 to $0.233, as institutional interest fueled mid-session momentum. The meme coin's rally peaked at $0.238 before profit-taking trimmed gains, with whales accumulating over 1 billion Doge worth approximately $200 million. Large-holder ownership now nears half the circulating supply, signaling sustained confidence despite intraday volatility.

Technical indicators reveal firm support at $0.220 during morning trading, backed by volume exceeding the 24-hour average of 387.7 million. The price accelerated between 12:00 and 20:00 UTC, riding sustained bid-side demand before encountering resistance. A late-session selloff saw DOGE retreat 1.3% to $0.232, where support re-emerged ahead of the close.

The session's 8.8% price range underscores DOGE's characteristic volatility, with institutional accumulation providing a counterbalance to retail profit-taking. Market structure suggests growing divergence between whale activity and short-term trader flows.

Dogecoin Forms Golden Cross, Signaling Potential Bull Run

Dogecoin (DOGE) has formed a golden cross for the first time since November, sparking speculation of a major price surge. The technical pattern occurs when the 50-day simple moving average crosses above the 200-day moving average, often interpreted as a bullish signal.

Historical data shows mixed reliability for golden crosses across markets, but DOGE's past performance suggests notable upside potential. In November 2024, the meme cryptocurrency rallied 130% within four weeks after a similar pattern emerged. Earlier instances in November 2023 and November 2020 preceded gains of 25% and 1,000%, respectively.

The development comes as traders watch for signs of renewed momentum in meme cryptocurrencies. While technical indicators alone don't guarantee outcomes, Dogecoin's track record following golden crosses warrants attention from market participants.

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