Dogecoin Price Soars 10% as Whales Scoop 200M DOGE – Is a Rally to $0.33 Mark Next?
Highlights:
- Dogecoin experienced a 10% price increase while its trading volume surged 26% throughout the last 24 hours.
- A group of whales has acquired 200 million DOGE tokens over the last two weeks, showing clear faith in Dogecoin.
- Technical indicators suggest a potential upside. Will Dogecoin succeed in reaching its previous price level of $0.33?
Dogecoin’s price gained 10% to reach $0.20 within 24 hours, while trading volume escalated to $2.01 B. The meme market continues to prove durable because Shiba Inu and Pepe have experienced double-digit increases of 15% and 14%, respectively. Meme currencies demonstrate increased value over speculative investments by gaining recent marketplace momentum.
According to popular analyst, Ali Martinez, Dogecoin whales have purchased over 200 million coins over the last two weeks. The recent market ups and downs do not shake investors’ strong faith in this memecoin.
Whales have accumulated over 200 million #Dogecoin $DOGE in the past two weeks, showing strong confidence despite recent volatility. pic.twitter.com/hWtzq7BtYP
— Ali (@ali_charts) March 25, 2025
Many investors show greater interest in Dogecoin due to the concentrated whale purchases. Market demand and increased buying force have spurred investors and traders to expect Dogecoin to gain significant price value.
A historical achievement happened in the crypto world by purchasing 10 million DOGE as an official reserve to build Dogecoin (DOGE) into a global decentralized currency. The affiliate organization House of Doge, which operates under the Dogecoin Foundation, just released its plan to reshape the cryptocurrency and its environment. The Dogecoin Reserve takes its first public step onwards to establishing itself as a dominant cryptocurrency.
The Official @dogecoin Reserve is now live and operational
Over 10,000,000 INITIAL Dogecoin purchased!
Thank You @DogecoinFdn, HoDo Team and all the amazing people in the Dogecoin Community! 👊🏽
Dogecoin is Money
Dogecoin is the People’s Coinhttps://t.co/aZSmRCFu0j
— House of Doge (@houseofdoge) March 24, 2025
Recent developments have the potential to drive Dogecoin’s price towards $0.33. Let’s decrypt more here!
Dogecoin Price Outlook
Statistics reveal positive price changes in the DOGE/USD daily chart, where the memecoin sits at $0.20 with a daily increase of 10%. Price has broken above the falling wedge pattern as bullish traders attempt to exceed major resistance barriers in the market.
Bulls encounter first resistance at $0.2125, which matches the 50-day Moving Average, while $0.2528 aligns with the 200-day MA. The sellers continue to maintain control over the market even though bearish momentum decreases. Additional sustained buying momentum would enable the bulls to access $0.33 price levels, thus nullifying bearish market trends.
The technical indicators send signals that support a bull market direction. Overall buying pressure builds up according to the Relative Strength Index (RSI), which is located at 56.17. The RSI indicator shows bullish potential because it sits above the 50-mean level. An RSI value exceeding 68 could confirm bullish momentum, thus triggering an increase toward $0.33.
Is a Rally to $0.33 Imminent?
A positive crossover in the MACD is unfolding, hinting at potential price growth, provided it can sustain itself. After breaking past $0.21, the Dogecoin price may target the $0.33 mark through substantial buying interest. The MACD indicator’s rising crossover pattern demands that investors initiate support for the dog-themed memecoin.
Meanwhile, if the buying pressure declines, support will be at 0.16, then move to 0.13, and potentially drop to 0.110. Failure to maintain a support level at 0.16 will result in DOGE consolidating its price before sufficient demand enables a return to bullish behavior. Market sentiment and trading volume will be the main factors deciding whether DOGE continues its upward momentum or needs to pull back before the next price increase.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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