- Dogecoin is gaining bullish momentum after reclaiming the $0.165 support, with whales accumulating 1.83 billion DOGE in just two days.
- The launch of a Dogecoin ETP and rising futures interest further signal a potential 3X rally ahead.
Dogecoin (DOGE), the beloved meme coin with a cult following, is showing signs of a powerful comeback. After reclaiming the critical $0.165 support level, DOGE has surged 3% in the last 24 hours, sparking renewed optimism among investors and analysts. Now, with whale accumulation heating up and fresh institutional interest on the horizon, DOGE could be gearing up for a massive 3X rally.
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One of the most significant drivers behind this bullish momentum is the activity of Dogecoin whales. According to prominent crypto analyst Ali Martinez, large holders have accumulated a staggering 1.83 billion DOGE—worth approximately $640.5 million—in just two days. This massive influx suggests big players are betting on a breakout, while retail traders remain distracted by newer meme tokens.
From a technical standpoint, Dogecoin is forming a falling wedge pattern, traditionally seen as a bullish setup. The daily Relative Strength Index (RSI) also shows a bullish divergence, pointing to waning downward momentum. If DOGE breaks out above the wedge trendline, analysts are eyeing price targets of $0.35 and even $0.50 in the near term.
But the excitement doesn’t stop there. Institutional interest is surging, thanks to the recent launch of the Dogecoin Exchange-Traded Product (ETP) by 21Shares in partnership with the House of Doge. This new financial instrument gives mainstream investors easier access to DOGE, further strengthening its investment appeal.
Adding more fuel to the fire, DOGE futures open interest is up 5.62% to $1.5 billion, per Coinglass data—indicating rising trader confidence. With Bitcoin stabilizing near $82,000, the broader crypto market is also creating a supportive backdrop for DOGE’s potential liftoff.
Whether it’s the whales stacking up or the ETP opening doors for new investors, Dogecoin appears poised for a dramatic move. If momentum holds, this could be the beginning of another legendary rally for the internet’s favorite dog-themed token.
