Dogecoin (DOGE) is moving in a positive price trajectory despite BTC’s downward movement and a cooling-off period in the crypto market. According to CoinMarketCap, the DOGE price has surged by 2.03% over the last 24 hours and 5.32% over the last week.
At the time of writing, DOGE is trading at $0.1017 with a trading volume of $4.49 billion, which has surged significantly by 161.82% over the last 24 hours. However, its market capitalization stands at $17.27 billion, which is also up by 12.45%.
Source: CoinMarketCap
Also Read: Dogecoin (DOGE) Hashrate Hits Record High as $800 Million Volume Signals Strength
DOGE Signals 490% Rally Toward $0.65 Target
Furthermore, the crypto analyst Jonathan Carter highlighted that DOGE is attracting renewed trader attention after displaying a bullish divergence alongside a decisive breakout above a major resistance zone.
Technical experts note weakening downside momentum while price structure improves, suggesting sellers are losing control. This combination has sparked speculation that a broader trend reversal or continuation phase may be developing further.
Source: Javon Marks’ X Post
According to projections, if the trend maintains itself, DOGE is expected to enter into a continuation rally mode, which might turn out to be similar to past historical expansion phases in the cryptocurrency market environment.
Some experts point to the upside level of $0.6533 as a target for Dogecoin, indicating a possible increase of about 490%.
DOGE Whale Accumulation Sparks Strong Optimism
Apart from the price movement, the whale wallet 0x8d0E, which is currently suffering losses of about $13.74 million, has returned to the market with an aggressive strategy after the pump in Dogecoin.
According to the data obtained from Lookonchain, the trader placed a long bet for 40 million DOGE, worth about $4.4 million, with a leverage of 10x.
Source: Lookonchain’s X Post
The use of extreme leverage creates a heightened sensitivity to changes in price because the upside can also be magnified by this strategy.
If Dogecoin keeps going up, then the whale will recover their losses very quickly; however, even small drops in price may lead to a liquidation of the trade. This is an example of irrational behavior based on FOMO.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Dogecoin (DOGE) Price Holds Steady: Is a Breakout Toward $0.1172 Imminent?
