Dogecoin Price Rally Imminent? Whales Buy 1.08 Billion DOGE

Key Insights:

• Over the past 48 hours, Dogecoin whales have purchased 1.08 billion DOGE coins.
• This substantial accumulation was recorded as DOGE was testing a key resistance level. This suggests a potential breakout ahead.
• Dogecoin (DOGE) could soar by 22% if it closes a daily candle above the $0.258 level.

Amid the ongoing market correction, Dogecoin price has maintained its upside momentum. Also, the token appears poised for a massive rally.

This bullish outlook is driven mainly by whales and institutions showing strong interest in the meme coin. This is despite the broader market continuing to correct.

Dogecoin Whales Bag 1.08 Billion DOGE

On July 19, 2025, a prominent crypto expert shared Santiment data on X (formerly Twitter). This data revealed that whales and institutions have purchased 1.08 billion DOGE coins in the past 48 hours.

This purchase was recorded while the Dogecoin price struggled near the key resistance level of $0.255. This time, the meme coin could breach this level, paving the way for a massive price uptick.

Additionally, this purchase has already pushed Dogecoin ahead of other assets. This happened as it climbed over 5% in the past 24 hours.

In contrast, major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP have struggled. They recorded dips of 1.80%, 1.90%, and 3.10% respectively, during the same period.

Dogecoin Price Action

At present, the Dogecoin price stands strong at $0.253. On the other hand, trader and investor participation has skyrocketed, resulting in a 35% surge in trading volume.

The surge in trading volume and the price uptick indicate strong momentum in the meme coin. Also, it further suggests sustainable gains that could help Dogecoin price maintain its breakout level.

The Market Periodical’s technical analysis reveals that DOGE is in an uptrend. It is currently experiencing a key breakout at $0.255 level.

Dogecoin Price Prediction and RSI Outlook

TradingView’s daily chart suggests a breakout hinges on the meme coin closing above $0.255. This level acts as a key threshold for confirming upward momentum.

If this occurs, the Dogecoin price action suggests the coin could quickly see a 22% upside move. It could reach the $0.31 level.

On the other hand, if the candle fails to close above this key resistance, history may repeat itself. Since March 2025, the Dogecoin price has reached this level three times. Each time, it faced massive sell-offs and significant price dips.

In addition to price action, DOGE’s Relative Strength Index (RSI) currently stands at 81. This indicates that the meme coin is in overbought territory. This metric suggests a potential correction might occur before the next rally begins.

On-Chain Metrics Signal Traders’ Bullish View

Given the current market sentiment, traders hold a bullish outlook. They are heavily betting on the upside, according to the on-chain analytics platform Coinglass.

Recent data shows that DOGE’s Long/Short ratio currently stands at 1.0113. This indicates that long positions outnumber short positions.

Meanwhile, Binance’s DOGEUSDT Long/Short ratio is at 2.19, reflecting strong bullish sentiment among traders. The data further revealed that 68.62% of top traders are betting on long positions.

On the other hand, 31.38% are on the short side. At press time, the major liquidation levels are set at $0.2306 on the lower side and $0.26 on the upper side.

At these levels, traders have built $131.11 Million worth of long positions and $37 Million worth of short positions. This highlights bullish market sentiment.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.