Dogecoin (DOGE) has witnessed unprecedented whale activity, with addresses holding 100 million to 1 billion DOGE accumulating 1.08 billion tokens within 48 hours, according to on-chain data from analyst Ali Martinez. This surge in whale demand coincided with DOGE's price rally from $0.188 to $0.257, breaching the critical $0.20 resistance level.
Technical analysis by Crypto Yoddha reveals DOGE is trading within a long-term ascending channel that began in 2023, with recent bounces from the $0.15 mid-channel support confirming bullish momentum. The pattern suggests a potential trajectory toward $0.80-$1 if the channel structure holds. Simultaneously, Trader Tardigrade identified a recurring 4-year cycle pattern (previously seen in 2017 and 2021) that projects a major breakout in 2025.
Fundamental catalysts include the passage of the pro-crypto GENIUS Act and Bit Origin's announcement of a $500 million fund specifically for DOGE acquisitions. The token has risen 48% monthly and formed a double-bottom reversal pattern on daily charts, with analysts targeting $0.36 as the next resistance.