Dogecoin Soars Over 6% as Whales Buy $200M in DOGE – Could a Golden Cross Push Price Toward $0.30?

Dogecoin (DOGE) has surged more than 6% in the past 24 hours, currently trading at $0.2365 after defending the $0.2307–$0.227 support zone. The rally caps a 17.75% gain over the past week and comes on the heels of a staggering 1 billion DOGE ($200 million) accumulation by large holders in recent sessions.

Whale ownership now accounts for nearly 50% of the circulating supply, reducing sell-side liquidity and signaling institutional confidence. According to analysts, this concentrated buying has set the stage for a possible 18% surge toward the $0.26 zone.

If bullish momentum holds, traders are eyeing $0.28 as the next resistance, with a breakout potentially opening the path toward $0.38.

Golden Cross and ETF Speculation Boost Sentiment

Adding fuel to the rally, Dogecoin has formed a golden cross, when the 50-day simple moving average moves above the 200-day SMA, a signal historically linked to major price upswings. Past golden crosses in DOGE have preceded rallies of 25% to over 1,000%.

Market sentiment is also being lifted by growing speculation over a potential Dogecoin ETF. Prediction platform Polymarket shows odds nearing 80% for approval, while Bloomberg analysts recently pegged the chance at 90% by the end of 2025. A shift toward crypto-friendly regulation in key markets further supports this narrative.

Technical Outlook: Dogecoin Eyes on $0.30

Technically, DOGE has reclaimed its 30-day SMA, with its Relative Strength Index (RSI) at a neutral 57, suggesting room for further upside. Immediate resistance sits between $0.242–$0.245, with bulls targeting $0.25–$0.26 in the near term. Holding above current support would keep the bullish structure intact.

However, the market remains sensitive. A late-session selloff following the whale buys hints at possible profit-taking, and DOGE’s overbought signals on lower timeframes could trigger a pullback. Analysts caution that while whale activity and technical patterns are bullish, DOGE’s long-term sustainability still hinges on broader adoption and consistent market interest.

If momentum continues and ETF approval materializes, DOGE could retest $0.30 before year-end. But without sustained buying pressure, the rally risks losing steam, making the next few weeks pivotal for the meme coin’s trajectory.