Dogecoin (DOGE) Whales Go All In: $8.23M Surge Triggers Epic Price Rally

Dogecoin's whale brigade just doubled down—hard. A jaw-dropping $8.23 million inflow hit DOGE markets, sending shockwaves through crypto Twitter and leaving retail bagholders scrambling to catch up.

The Whale Playbook

When these deep-pocketed traders move, they don’t nibble—they swallow the order book whole. The timing? Impeccable as always (or suspiciously coordinated, depending on who you ask).

Market Mechanics in Overdrive

Liquidity pools got drained faster than a degenerate’s futures account. That ‘meme coin’ label? Looking increasingly ironic as DOGE flirts with technical breakout levels that’d make even Bitcoin maximalists sweat.

The Aftermath

Cue the classic crypto cycle: euphoric price pumps, influencer hot takes, and the inevitable ‘why didn’t I buy?’ regret from sidelined traders. Meanwhile, traditional finance pundits will keep calling it a bubble—right up until their hedge fund clients start quietly accumulating positions.

One thing’s certain: when whales bet this big, the market listens. Whether that’s smart money or just dumb money in larger sizes? That’s the $8.23 million question.

TLDR

• DOGE rebounded from $0.13-$0.15 support zone with price surging over 9% in two days
• Open Interest jumped 15.78% to $2.09 billion while Options volume exploded 402%
• Whale inflows turned positive at $8.23 million after weeks of outflows
• Technical breakout above 50-day trendline confirmed with bulls now targeting $0.19 resistance
• Network activity declined sharply with daily active addresses falling to 33.7K from 500K peak

Dogecoin has broken out of its recent trading range and confirmed a bullish reversal pattern. The meme coin surged more than 9% over two days as buyers stepped in at the $0.13-$0.15 demand zone.

The price now trades above its May low NEAR $0.1674 and has formed new highs around $0.1750. Bulls have successfully reclaimed key support levels after weeks of downward pressure.

Technical analysts point to a completed Power of Three pattern on the 1-hour chart. This structure typically signals a transition from accumulation through manipulation into distribution phase. The green impulse candle shows rapid momentum building.

Trader Tardigrade notes that Doge broke above its 50-day trendline after more than seven weeks of containment. The breakout was followed by a successful retest of the breakout level. This validates that buyers have taken control of the short-term trend.

#Dogecoin has broken a 50-day trendline, retested, and continued its uptrend, confirming a trend reversal from downtrend to uptrend 🔥 $Doge/D1 https://t.co/NdFZq1NFWW pic.twitter.com/8Na9eDoZ4d

— Trader Tardigrade (@TATrader_Alan) July 3, 2025

Derivatives Activity Surges

Open Interest in Dogecoin futures jumped 15.78% to reach $2.09 billion. This increase suggests traders are positioning for further price movement in either direction.

Options volume exploded by 402% during the same period. The surge in derivatives activity often precedes major price moves as speculation increases.

The Stochastic RSI has crossed above 80, indicating potential continuation of the upward trend. However, a descending resistance line near $0.19 still caps price advancement.

Whale Activity Returns

After weeks of persistent outflows, dogecoin recorded a net inflow of $8.23 million. This marks a shift in on-chain behavior as large holders resume accumulation.

The influx of whale money historically aligns with bullish reversals or mid-term rallies. This positive netflow supports DOGE’s recent technical bounce and could help sustain the MOVE toward $0.19.

Large holder confidence appears to be returning after a period of distribution. The timing coincides with the technical breakout pattern.

Dogecoin’s MVRV Z-score has rebounded to 0.355 after dipping to near-historic lows in late June. This metric measures holder profitability relative to market value.

The improving score suggests DOGE is recovering from undervaluation. Although it remains below bullish thresholds, the ongoing climb indicates that downside risk is diminishing.

This shift could encourage sidelined participants to reenter the market. Additional buying pressure WOULD support the current upward momentum.

BitGuru notes that Dogecoin completed a downtrend cycle from $0.204 to $0.143. The formation of consistent lower highs and lower lows gave way to a long consolidation period.

The breakout from this range shows that selling pressure has diminished. Demand appears to be returning as buyers step in at lower levels.

RSI and MACD indicators have flipped positive, implying additional upward movement potential. The increase in volume on bullish candles signals genuine demand rather than speculation.

Daily active addresses fell to 33.7K while transaction count dropped to 14.8K as of July 3rd. This marks a steep decline from the spike on June 22nd when both metrics exceeded 500K.

The contraction in network usage suggests waning retail interest. This could potentially weaken momentum behind the current rally.

However, DOGE’s price has historically led activity rather than followed it. Network engagement could lag briefly before reaccelerating if the bullish push continues.

Bulls now face the challenge of pushing through descending resistance near $0.19. A daily candle close above this trendline could signal a breakout and trigger further momentum.

The confluence of strong support, rising derivatives engagement, and renewed whale inflows creates a favorable setup. Success depends on whether bulls can maintain pressure at the $0.19 level.

If volume remains high while price holds above $0.167, bulls could make a rally toward the $0.26 target from May highs.