2025 kicks off with a bang for Dogecoin (DOGE), as the favored memecoin soars practically 15%, reaching $0.39. This sudden rally is fueled by huge whale purchases and a staggering 190% surge in buying and selling quantity inside simply 24 hours. Nevertheless, crypto analysts consider this might be just the start, predicting a good larger rise for DOGE quickly.
Whale Shopping for Doge Massively
A key issue behind Dogecoin’s current surge is the huge buy of 1.08 billion DOGE by crypto whales. In accordance with well-known analyst Ali Martinez, this huge purchase displays sturdy confidence within the token.
Together with the whale purchase, Dogecoin’s buying and selling quantity has seen a major soar of 190%. Nevertheless, regardless of $35 million in DOGE outflows, the market sentiment stays bullish, with analysts predicting a 22% worth improve within the brief time period.
Including gasoline to the hearth, rumors about Dogecoin’s connection to Trump’s inauguration have additionally circulated, with some speculating that Elon Musk’s assist for each Dogecoin and Trump may be behind the surge
Dogecoin Key Indicator Flip Bullish
Nicely-known crypto analyst Crypto Surf not too long ago tweeted that Dogecoin’s (DOGE) 3-month Supertrend indicator has turned bullish.
Though this indicator had been bearish since January 2022, even throughout Dogecoin’s 87% surge in March and a 161% rally in November 2024. Nevertheless, it turned constructive in January 2025, hinting at a possible bullish section for DOGE.
The final time this indicator turned inexperienced was in April 2017, resulting in huge positive aspects of 5,587% by January 2018 and one other 3,837% surge to $0.7390 in Could 2021. If historical past repeats, Dogecoin may see one other important rally.
As of now, Dogecoin worth is buying and selling round $0.389, reflecting an increase of 14.65% in 24 hours and 23% over the previous week.
