Dogecoin (DOGE) is sliding right now, but analysts think this might be the last real dip before a major breakout. The top meme coin is currently trading at $0.22, down 2.61% in the past 7 days. Despite the short-term pressure, DOGE hasn’t lost the bullish signals that fueled its past rallies, and that’s what has market watchers paying attention.
Volume is climbing fast, and some of Dogecoin’s most important metrics have surged by over 95%, hinting that a price rebound may not be far behind. With a mixed outlook across different timeframes, the question now is whether the bulls can step in and push DOGE back toward its long-awaited $1 target, possibly sooner than most expect.
DOGE whale accumulation hints at an incoming rally
According to analyst Ali Martínez, large holders have scooped up over 1 billion DOGE in the past month, a clear sign of renewed confidence among top-tier investors.
This surge in whale accumulation comes alongside other bullish on-chain signals like rising active addresses and transaction volumes, pointing to a broader resurgence in Dogecoin network activity. Historically, when whales start buying in bulk, it’s often a sign that a major rally could be forming.
With big wallets loading up and the memecoin gaining traction across multiple metrics, the foundations are being laid for what could be Dogecoin’s next big breakout.
Key metrics surge 95% as DOGE prepares for a breakout
In a surprising move, Dogecoin’s daily transaction volume has spiked by 95%, hitting $2.84 billion and pushing it ahead of several top 10 rivals. This kind of volume surge isn’t just noise; it reflects a serious boost in network activity and growing adoption that’s hard to ignore.
Over the past month, volume has become a key metric for judging DOGE’s health. If this uptick holds steady, it could build the liquidity base needed for a strong price rebound once demand kicks back in. On top of that, analysts are keeping an eye on open interest, which continues to fluctuate in response to market volatility, especially in the futures space.
While price action remains mixed, the numbers behind DOGE are flashing bullish. If bulls regain control, this 95% metric spike might end up being the first sign of a bigger breakout ahead.
Analysts eye $1 target if DOGE breaks key resistance
Dogecoin’s recent moves suggest a potential breakout is brewing. In the last 30 days, DOGE has shown volume-backed reversals, especially during key timeframes. It’s up by 42%, and it’s not slowing down. Even though DOGE had a minor 7-day dip, it’s back on track now.
Early action on May 18 confirmed strong buyer engagement, with an 8-million-volume breakout marking the start of an upward trend.
Analysts say if DOGE can maintain this momentum and confirm the breakout pattern, $0.29 could be the next big test, with the possibility of reaching $0.35 in the medium term. The $1 mark isn’t off the table, especially if volume and whale activity continue to grow.
While eyes are on DOGE, some investors are also watching Remittix, a payment-focused altcoin gaining traction during its ongoing presale. With its unique utility in PayFi, it’s starting to attract attention from those looking beyond the meme coin hype.
Conclusion
As Dogecoin eyes $1, smart investors are already scooping up Remittix before the crowd catches on. With a real-world payment protocol, whale interest, and a presale price still low, RTX could be the next breakout. Don’t miss out, get in early before the price skyrockets.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix