Dogecoin jumps 10–11% this month as whales accumulate 680M DOGE. Analysts eye next key level around $0.25, though volatility looms.
Dogecoin Surge Fueled by Massive Whale Accumulation and a V-Shaped Recovery
Dogecoin is back in the hype cycle it’s gained 10–11% in August as whale wallets scooped up a jaw-dropping 680 million DOGE (~$150M) this month. That buying pressure just triggered a V-shaped bounce from lows near $0.21 to settle around $0.22 (≈4–5% spike).
Dogecoin Rallies on Whale Moves Will It Stick?
On-chain data shows whales stacking during the dip, a bullish signal that pushed DOGE off its support line. But we’re still in an inflection zone, and key technical levels are emerging. Analysts flag $0.22–$0.23 as make-or-break resistance, while $0.21 remains a strong base.
Sentiment is mixed. On one hand, institutional players are reentering and fueling optimism. On the other, old-school technicals like flattened EMAs and a neutral RSI near 49 suggest consolidation, not runaway momentum.
Bottom line: Dogecoin’s back in action, powered by big-money whales. If the bulls defend $0.21 and break past $0.23, we could see the comeback story continue. But one slip and the meme-coin magic could fade fast.
YOU MIGHT ALSO LIKE: Ethereum Price Maker Surpasses 2021 High as Institutions Double Down
