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DOGE Jumps 7% as Bull Flag Breakout Signals Run Toward 30-Cents
The surge aligns with bullish technical setups on daily charts, including a bull flag breakout and an emerging golden cross, with pattern targets pointing toward the $0.30 zone.
Aug 13, 2025, 2:49 p.m.
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What to know:
- DOGE rose 6.5% to $0.24, driven by institutional accumulation and a breakout on high volume.
- Whale accumulation exceeded 1 billion DOGE, aligning with bullish technical patterns targeting $0.30.
- Profit-taking capped the price near $0.25, but support at $0.24 remains strong.
Meme coin pushes through resistance on billion-token accumulation before late-session pullback trims highs.
Technical Analysis Overview
DOGE climbs 6.5% in the 23-hour period ending August 13 14:00, advancing from $0.23 to $0.24 in a $0.02 range (9.58% volatility). Early trade confirms $0.23 as key support on above-average volume, while mid-session strength between 07:00-08:00 sends price through multiple resistance levels on 1.56B volume — the day’s largest print — signaling coordinated institutional accumulation.
STORY CONTINUES BELOW
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Price stalls near $0.25 as profit-taking hits, capping the breakout. Support shifts higher to $0.24 after multiple successful retests into the close.
News Background
Whale accumulation exceeded 1B DOGE (~$200M) during the rally, lifting large-holder ownership close to half the circulating supply. The surge aligns with bullish technical setups on daily charts, including a bull flag breakout and an emerging golden cross, with pattern targets pointing toward the $0.30 zone.
Price Action Summary
• DOGE gains 7% from $0.23 to $0.24 during August 12 15:00–August 13 14:00
• 07:00-08:00 breakout on 1.56B volume clears multiple resistance levels
• Price peaks near $0.25 before retracing to $0.24 on profit-taking
• $0.24 support holds on repeated late-session tests
Market Analysis and Economic Factors
The combination of whale inflows and bullish chart structures underpinned DOGE’s momentum, though supply at $0.25 remains a near-term cap. The consolidation above $0.24, coupled with rising support levels, keeps the technical bias positive. Sustained institutional participation will be key for a $0.25 breakout and a run toward the $0.30 technical target.
Technical Indicators Analysis
• Support: $0.23 (early defense), $0.24 (late-session floor)
• Resistance: $0.25 (profit-taking zone)
• Volume: 1.56B during breakout hour; daily average 565.8M
• Bull flag breakout with golden cross forming on daily charts
• Higher lows indicate persistent accumulation trend
What Traders Are Watching
• Breakout confirmation above $0.25 to open path toward $0.30 target
• Strength of $0.24 support on any profit-taking dips
• Continuation of large-holder accumulation trends
• Impact of broader market sentiment on meme coin flows
More For You
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Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
What to know:
- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
