Dogecoin (DOGE) is drawing renewed attention after whales accumulated more than 2 billion tokens during the latest market dip. The aggressive buying has reinforced bullish sentiment as analysts point to a potential 195% surge that could take the meme coin to fresh all-time highs.
Javon Marks, a prominent technical analyst, projects that DOGE could climb beyond $0.73905, surpassing its previous peak. He points to similar conditions that preceded past rallies, when Dogecoin delivered outsized gains in compressed timeframes.
Other analysts, including Bitcoinconsensus, suggest the rally could extend even further. Their research highlights DOGE’s recurring cycles of 300% to 500% gains, with the current structure hinting at a move as large as 800%, potentially pushing prices toward $1.30.
At present, Dogecoin is consolidating in a tight band between $0.236 and $0.244, with resistance at $0.244 serving as the key breakout level. Sustained momentum above this threshold could mark the beginning of its next bullish phase.
ETF Momentum Lifts Market Outlook
A second driver of optimism lies in the progress toward a spot Dogecoin ETF. The filing by 21Shares was recently listed with the DTCC, placing the product on track for potential approval.
The regulatory process involves periods for comment and agency review before a final decision by the U.S. Securities and Exchange Commission (SEC). Industry analysts believe the backdrop favors approval, particularly after the SEC introduced generic listing standards for crypto ETFs this year.
Key developments include:
- Rex-Osprey Dogecoin ETF (DOJE) launched last week, debuting strongly.
- Polymarket data shows ETF approval odds at 99%, up 22% in one month.
- Growing institutional participation expected if SEC approval materializes.
Together, these factors suggest that an official Dogecoin ETF could attract a new wave of retail and institutional investors.
Whales Signal Strong Positioning
Beyond technicals and ETF speculation, whale behavior is adding to bullish conviction. According to analyst Ali Martinez, 2 billion DOGE were acquired in just 24 hours, a striking vote of confidence by deep-pocketed investors.
Whale accumulation often signals strategic positioning ahead of anticipated market catalysts, and in Dogecoin’s case, it suggests growing confidence in both its technical setup and the likelihood of ETF approval.
In summary, Dogecoin’s path to a potential 195% rally rests on three pillars: whale accumulation, strong technical formations, and ETF momentum. Yet, traders must watch resistance levels closely, as profit-taking could delay the bullish breakout.
