With large-scale accumulation by whales, bullish technical indicators, and shifting market sentiment, DOGE appears to be at a crucial turning point. Can it surpass key resistance levels and trigger a massive rally?

Whale Accumulation Signals Strong Buying Pressure

One of the key drivers behind Dogecoin’s recent surge is the notable accumulation by large investors. Reports indicate that whales acquired over 220 million DOGE in March 2025, reflecting heightened confidence in the cryptocurrency’s future trajectory. As a result, DOGE experienced a 7.3% price increase in the last 24 hours, trading at around $0.174.

Whales accumulated over 220 million DOGE in March. Source: Ali Martinez via X

The increase in whale activity suggests that institutional and high-net-worth investors are positioning themselves for a bullish move. If this trend continues, Dogecoin could see further upside as demand outpaces supply.

Technical Analysis Points to a Bullish Breakout

Market enthusiasts are keenly aware of Dogecoin price charts for indications of an expected rally. The recent breakout from a falling wedge pattern—a classically bullish technical pattern—has fueled speculation about significant upward action.

DOGE is forming higher lows, historically signaling a price surge to new highs. Source: Javon Marks via X

Crypto analyst Javon Marks noted that DOGE is building a pattern of higher lows, which is usually the harbinger of strong rallies. Based on this trend, he predicted a possible 270% price increase, which would make the price of Dogecoin reach around $0.6533.

With a target of $0.6533, DOGE could be gearing up for a 270% rally to break above this level. Source: Javon Marks via X

Also, the Relative Strength Index (RSI) crossed into positive terrain, showing renewed buying strength. If Bitcoin persists in staying above, DOGE can look up to the $0.22–$0.25 region in the upcoming weeks.

Key Resistance Levels to Watch

Despite the bullish outlook, Dogecoin faces crucial resistance at $0.18 and $0.21. Analyst Ali Martinez has identified these levels as major barriers, where a significant portion of DOGE supply was last transacted. Breaking through these areas of resistance can serve as a catalyst for the next phase of the bull run.

DOGE is either in a consolidation phase, awaiting a breakout after wave Z, or poised for a bullish or bearish impulse wave. Source: Mochoa777 on TradingView

Martinez also said, “Breaking these resistance levels could unleash a strong upward movement for Dogecoin, as there are no major supply barriers ahead.” If DOGE breaks above $0.21, it could pave the way for a rush toward $0.36 and beyond.

Market Sentiment: Are Investors Bullish on DOGE?

The sentiment in the markets also appears to shift in Dogecoin’s favor as investors and traders show renewed interest. Dogecoin derivatives market has also demonstrated significant growth as options volume witnessed a rise of 84.21% while Open Interest saw a rise of 8% to $804,000. Additionally, the volume traded rose by 22%, indicating higher trading activity.

Dogecoin (DOGE) was trading at around $0.17, up 4.12% in the last 24 hours at press time. Source: Source: Brave New Coin

The Long/Short Ratio indicates long positions now predominate at 71.47% of the futures contracts. That indicates there is growing confidence on the part of traders that DOGE will experience further up-side.

Technical indicators such as the Stochastic RSI also point to Dogecoin being near a tipping point. If a bullish flip occurs, it could validate the recent uptrend and further strengthen DOGE’s position.

Can Dogecoin Reclaim Its All-Time High?

Dogecoin’s price has been on a recovery path since its all-time high of $0.74 in 2021. While it has faced several corrections, recent developments suggest a potential return to previous highs. Analysts argue that breaking above $0.36 could set the stage for DOGE to reclaim its former glory.

Dogecoin (DOGEUSD) broke above the two-month lower highs trendline, signaling the start of a new bullish leg, with the potential to reach a new all-time high of $0.800. Source: TradingShot on TradingView

Crypto strategist Balo emphasized that “DOGE appears to have bottomed out and could be gearing up for a 2x move before reaching major resistance at $0.36. Once we reclaim that level, discussions about new all-time highs will be back on the table.”

Looking Forward: Is a 270% Surge on the Horizon?

Dogecoin’s recent bullish signals indicate that a major price movement may be imminent. Whale accumulation, technical breakouts, and improving market confidence all point to the possibility of a large rally. However, DOGE must overcome significant resistance levels at $0.18 and $0.21 before a sustained bull run can be confirmed.

If momentum continues and DOGE overcomes these obstacles, a 270% surge is possible. Investors will need to watch trends in the market and breakouts at resistance closely, as the next few weeks could be pivotal for the long-term direction of Dogecoin.