DOGE Price Prediction: Whale Sweeps 2 Billion DOGE in 24 Hours, Long-Term Could Be Bullish 800%

After this week's adjustment in the Crypto Assets market, DOGE trading activity has significantly increased, with Whales accumulating 2 billion DOGE in 24 hours. Meanwhile, the Spot DOGE ETF application submitted by 21Shares has received a DTCC code, and the prediction market Polymarket shows a surge in approval probability to 99%. Multiple analysts point out that DOGE is re-emerging in a historical rise cycle of 300% to 500%, with a short-term target price of 0.739 dollars and a medium to long-term potential to break through 1.3 dollars.

Technical Analysis Reveals Surge Potential

Crypto Assets analyst Javon Marks pointed out that the current technical pattern of DOGE is highly similar to historical surge patterns, expecting a rise of over 195%, with a target price set above $0.73905, which would create a new historical high. Another analyst, Bitcoinconsensus, found that DOGE has recurring rise cycles of 300% and 500%, and the current chart pattern suggests that the next round of increase could reach 800%.

(Source: TradingView)

The technical indicators show that DOGE has rebounded from the support level of the rising trend line and is currently trading in a narrow range between 0.236 and 0.244 USD. Multiple attempts to break through the resistance level of 0.244 USD have been met with profit-taking pressure, but a decisive break above this key level could trigger a chain reaction of buying. Traders are closely monitoring the situation around the 0.244 USD breakout, which will determine the short-term price direction.

ETF Expected to Drive Market Optimism

The Spot DOGE ETF application submitted by 21Shares received a DTCC code this week, marking a new stage in the regulatory approval process. This process includes a public comment period and multiple rounds of feedback from regulatory agencies, culminating in an approval decision by the U.S. Securities and Exchange Commission. Meanwhile, the Rex-Osprey DOGE ETF (DOJE) was launched last week, further reinforcing market expectations for the mainstream Crypto Assets ETF.

The prediction market platform Polymarket data shows that the approval probability for the Spot DOGE ETF has skyrocketed by 22% in the past month, currently reaching a high of 99%. The U.S. Securities and Exchange Commission recently approved general listing standards for Crypto Assets ETFs, paving the way for more digital asset ETFs to be listed, significantly increasing the likelihood of approval for the DOGE ETF.

Whale positioning indicates institutional confidence

On-chain data shows that large investors are actively positioning themselves in DOGE. Well-known analyst Ali Martinez pointed out that in the past 24 hours, Whales have accumulated 2 billion DOGE, worth approximately $480 million. This concentrated accumulation behavior typically occurs before significant positive news is announced, indicating that smart money is preparing for a potential price breakout.

Whale activity indicators show that the number of addresses holding a large amount of DOGE has significantly increased, while the net outflow from exchanges continues to rise, indicating that investors are more inclined to hold long-term rather than engage in short-term trading. This change in holding structure resonates with the expectations for ETFs, creating a solid market fundamental. Currently, DOGE maintains its position in the top ten by market capitalization, solidifying its status as the leading meme coin.

Market Cycles and Operational Strategy Recommendations

Historically, DOGE has shown a significant rise within a year after each halving. Considering the current technical, fundamental, and liquidity factors, analysts suggest focusing on the following key levels: a breakthrough of 0.244 USD can be seen as a short-term buying signal, with the second target set at the psychological level of 0.30 USD, and medium to long-term resistance levels looking at 0.50 USD and 0.739 USD.

In terms of risk control, $0.236 is an important support level in the recent period, and if it breaks down, it may test the $0.22 area. Investors should closely monitor the latest statements from the U.S. Securities and Exchange Commission regarding ETF applications, as well as the overall trend of Bitcoin's impact on the meme coin sector. It is advisable to adopt a staggered accumulation strategy to avoid excessive leverage before major news announcements.

Conclusion

DOGE is experiencing a triple resonance of technical, fundamental, and news benefits, with Whales positioning themselves in advance and the rising expectations for ETFs together building the foundation for price rise. Historical cycle patterns indicate that DOGE has the basic conditions to experience a surge again, but investors need to be aware of the high volatility characteristics of the Crypto Assets market. As the regulatory approval process advances and market sentiment improves, whether DOGE can break through its historical high will become an important benchmark for measuring the value reconstruction of meme coins.

Disclaimer: This article is news information and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.