Major surge in Dogecoin price anticipated due to 200 billion DOGE purchases by whales, hinting at a potential rally toward $0.30!
In the crypto market, Dogecoin [DOGE] is attracting attention with its recent price movements and whale activity. According to expert analysis, the current Dogecoin price prediction for late August 2025 is $0.26, reflecting a 16.6% increase from current levels.
The positive sentiment is underpinned by the Fear & Greed Index, which stands around 73, indicating some buying enthusiasm. Moreover, bullish analyst views suggest potential longer-term surges, with prices potentially reaching $2.28 by early 2026, based on historic multi-year cycle analysis.
Meanwhile, whales are accumulating large amounts of Dogecoin tokens. Recent data shows that whales bought around 680 million DOGE (~$161 million) between August 20-21, increasing their holdings to nearly half of the total supply.
Several factors are driving this accumulation. Institutional confidence is growing, as evidenced by a $50 million acquisition of Dogehash (a Dogecoin mining operation) by a Trump-linked company. This move has increased DOGE’s prominence and institutional support.
Technical strength and positive market momentum in altcoins, Dogecoin’s strong community and media presence, and speculative anticipation of a price surge closer to or beyond $1 are also contributing factors.
A crypto expert, X (formerly Twitter), has predicted a potential breakout for Dogecoin [DOGE] due to the substantial accumulation by whales. Despite recent volatility, traders and investors have not been deterred from participating.
The price of Dogecoin [DOGE] has been volatile, hovering between $0.22 and $0.247 over the past seven days. There has been a significant increase in trading volume, up by 20%. At press time, the Supertrend indicator is flashing a bearish signal for Dogecoin.
Key liquidation levels for Dogecoin are at $0.2213 and $0.2354, with $48.88 million in long positions compared to $26 million in shorts. Whales have added over 200 billion Dogecoin [DOGE] tokens to their holdings in the past week.
The bullish double-bottom pattern in Dogecoin [DOGE] is being eyed as a target for a potential price increase to $0.30. If the price breaches $0.247, a potential 21% rally could occur, with the price reaching $0.30. This imbalance suggests that bulls are in control, and Dogecoin may resume its upward momentum.
Traders are heavily favoring long positions, indicating strong support for an upward move. However, at the time of writing, Dogecoin [DOGE] is trading at $0.23, down 6% over the past 24 hours. If the price falls below $0.22, a potential 11% drop to $0.19 could occur.
In conclusion, Dogecoin [DOGE] is attracting attention with its price movements and whale activity. The current Dogecoin price prediction for late August 2025 is $0.26, with bullish longer-term forecasts. Whales are accumulating large Dogecoin amounts due to institutional developments, technical bullishness, and a positive market sentiment that underpins expectations of significant price appreciation.
- The expert, X (formerly Twitter), has anticipated a potential breakout for Dogecoin [DOGE] due to significant whale accumulation in the market.
- The Fear & Greed Index, currently standing at 73, signifies some buying enthusiasm, further boosting the positive sentiment towards Dogecoin's future price.
- Technical analysis suggests a bullish double-bottom pattern in Dogecoin [DOGE], which could lead to a price increase to $0.30 if the price breaches $0.247.
- The accumulation of Dogecoin tokens by whales is driven by institutional confidence, technical strength, and a strong community presence, as well as the speculative anticipation of a price surge closer to or beyond $1.
