Dogecoin (DOGE) Soars 15% as Whales Buy 30 Million Tokens: Is a 20% Breakout Next?

Dogecoin (DOGE) is back in the spotlight after a sharp rebound from support, rallying roughly 15% to trade around $0.25–$0.26. The move coincides with heavy whale accumulation, over 30 million DOGE scooped up in 24 hours, and notable exchange outflows topping $25 million, signaling coins moving to cold ￰0￱ Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation With price compressing just beneath a dense resistance cluster, traders are asking the big question: is a 20% breakout to over $0.30 next? DOGE's price trends to the upside on the daily chart.), supports the idea that conviction is building beneath price. Meanwhile, the Spent Coins Age Band has dropped sharply, implying fewer dormant coins are being moved, even as price rises, often a hallmark of early ￰1￱ Levels to Watch $0.26 Trigger, $0.30–$0.34 Targets Technically, DOGE is coiling under a 0.618 Fibonacci retracement near $0.2626, a level analysts such as The Great Mattsby flag as the immediate “doorway” to ￰2￱ resistance band stretches through $0.26–$0.28, reinforced by the weekly Ichimoku cloud edge and the 50-week MA, creating a high-confluence ceiling.

A daily/weekly close above $0.2626–$0.275 would flip multiple trend filters and validate a push toward $0.30, with $0.32–$0.34 (20% higher) the next logical ￰3￱ there, historical Fibonacci checkpoints at $0.33–$0.35 and $0.41 come into ￰4￱ the downside, $0.24–$0.25 remains key first support (former breakout/retest area), followed by $0.23 and $0.22. Losing $0.24 would dent the near-term structure and risk a deeper pullback into the mid-$0.20s. On-Chain and Technicals Hint at 20% Breakout Price recently broke a descending channel, then cleanly retested the upper boundary as support classic reversal ￰5￱ gauges back the move, as the +DI sits above –DI with a rising ADX, the MACD has flipped positive, and DOGE continues to ride an ascending channel that’s guided higher lows since ￰6￱ analysts also note a rising megaphone on higher time frames, where a sustained close above the upper rail could accelerate toward $0.70 later this ￰7￱ Reading: Cardano Price To Hit $7.82 This Bull Run — Analyst Says It’s ‘On Track To Meet Targets’ With whales buying, exchange supply thinning, and price compressing under a high-confluence ceiling, DOGE has the ingredients for a 20% breakout, provided it can secure a decisive close above $0.2626–$0.275.

Until then, expect continued range-trading between $0.24–$0.28 as the market builds energy for the next ￰8￱ image from ChatGPT, DOGEUSD chart from Tradingview