Dogecoin Extends Rally as Whale Accumulation Signals Growing Confidence

The original meme coin continues its bullish momentum as global economic uncertainties push investors toward alternative assets. DOGE’s technical structure shows a series of higher lows and higher highs, with support firmly established at $0.225 and resistance at $0.230 recently breached. Market analysts point to the formation of a “bull flag” pattern suggesting continuation of the prior uptrend, with some projecting targets as high as $0.65 if current momentum sustains. Technical Analysis Highlights DOGE-USD demonstrated remarkable strength over 24 hours, rallying from $0.218 to $0.230, representing a 6.43% gain. Price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $0.220 with above-average volume. Support has established at $0.225, confirmed by strong buying volume exceeding 300M in consecutive hours. Steady progression toward $0.230 suggests momentum remains firmly bullish with potential for continued upside. In the last hour, DOGE continued climbing from $0.229 to $0.230, with a notable surge at 07:07 where volume exceeded 21M coins. Short-term price action formed a series of higher lows with strong support at $0.229. Resistance at $0.230 was tested multiple times before being breached at 08:01 on nearly 10M volume. External References ” Experts Predict Dogecoin Could Surge Over 500% If This Happens “, ZyCrypto, published May 24, 2025. ” Dogecoin Price Prediction: DOGE Whales Shift Gears to New Crypto Tipped to Surge 3000% in 30 Days “, Cryptopolitan, published May 25, 2025. ” Dogecoin Price Could Surge Further As Demand Grows, But This Trendline Holds The Key “, Bitcoinist, published May 26, 2025.

Source: CoinDesk