Dogecoin Extends Rally as Whale Accumulation Signals Growing Confidence

The original meme coin continues its bullish momentum as global economic uncertainties push investors toward alternative assets.

DOGE's technical structure shows a series of higher lows and higher highs, with support firmly established at $0.225 and resistance at $0.230 recently breached.

Market analysts point to the formation of a "bull flag" pattern suggesting continuation of the prior uptrend, with some projecting targets as high as $0.65 if current momentum sustains.

Technical Analysis Highlights

• DOGE-USD demonstrated remarkable strength over 24 hours, rallying from $0.218 to $0.230, representing a 6.43% gain.
• Price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $0.220 with above-average volume.
• Support has established at $0.225, confirmed by strong buying volume exceeding 300M in consecutive hours.
• Steady progression toward $0.230 suggests momentum remains firmly bullish with potential for continued upside.
• In the last hour, DOGE continued climbing from $0.229 to $0.230, with a notable surge at 07:07 where volume exceeded 21M coins.
• Short-term price action formed a series of higher lows with strong support at $0.229.
• Resistance at $0.230 was tested multiple times before being breached at 08:01 on nearly 10M volume.

External References

• "Experts Predict Dogecoin Could Surge Over 500% If This Happens", ZyCrypto, published May 24, 2025.
• "Dogecoin Price Prediction: DOGE Whales Shift Gears to New Crypto Tipped to Surge 3000% in 30 Days", Cryptopolitan, published May 25, 2025.
• "Dogecoin Price Could Surge Further As Demand Grows, But This Trendline Holds The Key", Bitcoinist, published May 26, 2025.