Yeliz Atmaca 
Dogecoin is once again attracting attention in the cryptocurrency market. A whale transferred $148 million worth of DOGE, fueling expectations that the price could reach $0.29. On-chain data from IntoTheBlock shows that whale activities and network mobility are supporting the rise. Technical analyses and ETF rumors are also boosting Dogecoin’s potential.
Whale Movements and On-Chain Data
According to IntoTheBlock, wallets holding 1-10 million DOGE accumulated 100 million tokens in the last 30 days. Large transaction volume surged by 600% in the past month, with transactions over $1 million increasing by 540%. This indicates strong whale interest in DOGE. Additionally, daily active addresses exceeded 150,000, reaching the highest level since November 2024. This network activity reflects increased user engagement and a bullish sentiment. Whale movements are often seen as a precursor to price increases.
Technical Analysis: $0.29 Target
Dogecoin is showing positive signals in technical indicators. A symmetrical triangle formation suggests breakout potential. Meanwhile, the RSI has moved out of the oversold zone, supporting upward momentum. Analysts predict a swift move to $0.29 if the $0.19 resistance is broken. However, if the $0.14 support is breached, the price could drop to $0.06. IntoTheBlock’s Large Holders Netflow data confirms accumulation by major investors, indicating that short-term targets are consistent.
ETF Expectations and Institutional Interest
Institutional interest in Dogecoin is growing. 21Shares’ DOGE ETF application is under SEC review. Polymarket prices the approval odds at 64%, while Bloomberg estimates an 80% chance. ETF approval could drive the price upward. As a result, investors are closely monitoring DOGE. On the X platform, positive comments about whale purchases and ETF rumors are prominent. Institutional inflows are breaking Dogecoin’s “meme coin” perception, positioning it as a serious asset.
Dogecoin surged 12% in the last 24 hours, delivering strong performance. Trading volume in the derivatives market increased by 75.9%. Analyst Kevin Capital identifies $0.1840 and $0.1920 as short-term targets. In the long term, some experts predict $1. IntoTheBlock’s data shows that whale accumulation and network activity support these targets.
Dogecoin’s price is showing bullish signals driven by whale movements, on-chain data, and ETF expectations. Investors are locked on the $0.29 target.
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