Paul Johnson Dogecoin has fired up the crypto charts once again, vaulting past the $0.25 mark after a flurry of whale buys and a surge in derivatives activity. The memecoin’s breakout is turning heads across the market — and the data suggests this rally might just be getting started.
Key Points
Price Surge: DOGE jumped over 7% in 24 hours, smashing through the $0.25 resistance.
Massive Whale Buys: Over 1 billion DOGE ($200M) snapped up by whales in a single day.
Futures Frenzy: Open interest rockets past $3 billion, signaling heavy leveraged bets.
Technical Setup: Bullish flag breakout targeting $0.27 in the short term.
Support Levels: $0.25 now acting as key support; resistance at $0.26.
Market Action
The rally began quietly, with DOGE grinding higher from $0.24 to $0.25 during the day, but the evening session ignited fireworks. A surge in buy volume — peaking at 29.2 million DOGE in just one minute — powered a breakout to $0.26 before settling back at $0.25.
Institutional interest is on the rise, with large-holder ownership nearing 50% — levels not seen since previous bull runs. The broader crypto market’s upbeat mood, fueled by equity market gains, added extra fuel to DOGE’s ascent.
Technical Outlook
Pattern: Bullish flag breakout
Target: $0.27
Support: $0.25 (freshly tested multiple times)
Resistance: $0.26 — a clean break here could open the gates for another rally leg.
Sentiment: Volume profile shows accumulation rather than speculative churn, hinting at strong hands behind the move.
DOGE 24-Hour Price Action Chart
What Traders Are Watching Next
Can $0.25 hold as a floor?
Will a breakout above $0.26 confirm the path to $0.27?
Whale wallet flows for signs of continued accumulation.
Funding rates for signs of overcrowded longs.
Correlation with risk-on moves in the stock market.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
