Dogecoin (DOGE), the most popular memecoin by market cap, has experienced a notable 10% jump, pushing the price close to $0.14. This price surge was accompanied by a dramatic increase in trading volume, which skyrocketed by 120% globally, totaling an impressive $3.43 billion, marking the highest trading activity since August 2025. But what’s driving this bullish momentum, and could this be the start of something even bigger?
Whale Activity Fuels Dogecoin’s Rally
Behind this rally is significant whale accumulation. On-chain data reveals that large addresses have purchased over 325 million DOGE within just 12 hours. This surge of buying activity has pushed Dogecoin to breach its previous resistance level of $0.13, signaling strong bullish momentum in the market. Interestingly, the balances of Dogecoin held on Binance have increased from 7.9 billion DOGE to 10.9 billion DOGE, indicating increased activity on exchanges often linked with heightened trading opportunities.
While some may interpret rising exchange supplies as bearish, many traders move their coins to exchanges to prepare for active trading during major rallies. Additionally, futures data shows that $850 million in long positions vastly outweighs $22 million in short positions, hinting at growing confidence in Dogecoin’s upward trajectory.
Memecoin Market Sees Broad Rally
Dogecoin’s surge is part of a larger trend across the memecoin market. Over the last 24 hours, the entire memecoin market cap has risen by 9%, reaching $43.14 billion. Other major memecoins such as PEPE, SHIB, BONK, and FLOKI have also gained between 8% and 20%, reflecting a renewed appetite for high-risk, high-reward assets among crypto investors.
Insights From Technical Analysis
According to crypto analyst Bitcoinsensus, Dogecoin appears to be following a repeating pattern known as mini accumulation cycles. In these cycles, prices often consolidate in a flat range, accompanied by increasing trading volume as investors quietly accumulate. In previous cycles, this pattern has led to remarkable price increases.
For example, in earlier instances, Dogecoin saw a 190% rally after the first cycle, a 480% increase following the second, and a massive 450% jump during the most recent cycle. Technical analysis suggests that DOGE may now be gearing up for another significant run, potentially targeting a resistance level near $0.75.
What’s Next for Dogecoin Investors?
While historical data points to the possibility of further price gains, investors are urged to approach with caution. The cryptocurrency market remains highly volatile and unpredictable. Analysts suggest that traders monitor key resistance and support levels and consider Dogecoin’s unique position as a leading memecoin when making investment decisions.
For those looking to ride the wave of this memecoin resurgence, staying informed is essential. Platforms like CoinPedia provide timely and expert insights into market trends, helping investors make better-informed decisions.
Recommended Product: Dogecoin Wallet
To securely store your DOGE, consider using the Ledger Nano X, a highly trusted cold wallet for cryptocurrencies. This device offers advanced security features, protecting your holdings from potential threats.
Disclaimer: Cryptocurrency investments are inherently risky. Conduct thorough research and consult with a financial advisor before investing. CoinPedia and its authors are not responsible for financial decisions based on this information.
