DOGE Whales Add 2 Billion in a Week Fueling Speculation of Major Rally Ahead

DOGE whales add 2B in a week as a golden cross pattern fuels breakout hopes and speculation of a major price rally.

Large Dogecoin holders have accumulated 2 billion DOGE over the past week, worth nearly $500 million at current market prices. This buying activity is occurring alongside a bullish technical formation known as the golden cross, prompting market speculation about a possible strong rally.

The price of DOGE is near $0.24, following a 17% increase over the past seven days.

Whale Accumulation Sparks DOGE Market Interest

Data shows wallets holding between 100 million and 1 billion DOGE have been actively increasing their positions in recent days.

Analyst Ali Martinez reported that whales purchased around 230 million DOGE in a single 24-hour period. This accumulation was linked to an 8% price increase within that time frame.

2 billion Dogecoin $DOGE scooped up by whales in the last 7 days. pic.twitter.com/R6EbOYZnGD

— Ali (@ali_charts) August 14, 2025

In total, 2 billion DOGE have been acquired by large holders in the last week. This trend has added about $5.5 billion to the asset’s market capitalization, which now stands near $36.38 billion.

Many traders are monitoring this activity closely, as such whale movements often precede sharp price movements.

Golden Cross Pattern Signals Bullish Shift

A golden cross formed earlier this week on Dogecoin’s daily chart, where the 50-day exponential moving average moved above the 200-day EMA. Market observers often see this pattern as a potential shift toward upward momentum after a long consolidation.

The last occurrence of this pattern for DOGE was in November 2024. It is notable that the event preceded a 276% rally to higher price levels.

Furthermore, Altcoin Sherpa, a crypto analyst, noted that DOGE has traded under the $0.27 region all year but may now be in a favorable setup if Bitcoin breaks above its previous highs.

$DOGE has spent the entire year under this $0.27 region. I think the environment is finally pretty good for it to have a run (soon). Once btc breaks ATH strongly, DOGE should do well. pic.twitter.com/GH3zrEHZLb

— Altcoin Sherpa (@AltcoinSherpa) August 13, 2025

DOGE Technical Indicators and Market Levels

DOGE’s relative strength index (RSI) is showing moderately bullish momentum without entering overbought conditions. This suggests there may still be room for price growth before any cooling period.

The price is also trending toward the upper band of the Bollinger Bands, often indicating potential for a breakout if buying continues.

The moving average convergence divergence (MACD) indicator has moved into positive territory, with the MACD line crossing above the signal line. However, the histogram remains small, indicating that the trend is still developing.

Traders are watching the $0.26 resistance closely, as a break above could lead to a move toward $0.30 and possibly $0.32.

Key Support and Resistance Levels to Watch

While market sentiment has turned positive, traders remain cautious about downside risks. The $0.22 support level is seen as an important zone to maintain the current outlook.

A drop below this level could open the way to a retest of the $0.20 area, where buyers would need to reassert control.

Concurrently, the derivatives market for DOGE has seen over $10 billion in trading volume in the past 24 hours as per Coinglass. Funding rates indicate that long positions are dominant, with traders willing to pay more to maintain their bets on higher prices.

This combination of whale buying, technical patterns, and derivatives market activity is fueling speculation about whether DOGE will replicate its previous golden cross rally.