A top-10 cryptocurrency has risen 15% in a week, driven by whales accumulating 230 million tokens. Analysts project a possible advance toward the symbolic level of $1.
Dogecoin (DOGE), the meme-origin cryptocurrency that has managed to establish itself as a relevant asset in the crypto ecosystem, has seen a rally of nearly 15% in the last seven days. This upward movement has coincided with intense accumulation activity by large investors, known as "whales," who They acquired more than 230 million tokens in just 24 hours.
Dogecoin's current momentum is reminiscent of previous episodes, such as the purchase of 310 million DOGE in July, and reinforces expectations that the digital asset could be paving the way for a new phase of appreciation. In this context, analysts like Ali Martínez have identified historical patterns that suggest a possible trajectory toward new highs, while others point to a further $1 level, a symbolic milestone that has captured the attention of both institutional investors and the general public.
Whales are buying DOGE. You can too with Bit2Me.Dogecoin: from meme to strategic asset
Although it began as a parody of the crypto ecosystem, Dogecoin has evolved to become one of the most recognized and traded digital currencies on the market. Its liquidity, large user base, and constant presence on social media have given it remarkable resilience in the face of volatile cycles.
In the last week, DOGE has seen a 15% rise, reaching around $0,22, driven by a massive accumulation of tokens by whales. According to data from IntoTheBlock and reports from analyst Ali Martinez, these purchases exceeded 230 million DOGE in just one day, generating a 146% increase in trading volume and a market capitalization that is very close to $34.000 billion.
Source: CoinGecko
These types of movements are nothing new in the Dogecoin ecosystem. As mentioned, last July saw a single-day purchase of 310 million DOGE tokens, which also coincided with a price surge and renewed media attention.
The repetition of this pattern in the memecoin suggests that certain institutional players are using price corrections as strategic entry opportunities. Beyond the speculative component, the accumulation by large portfolios reinforces the narrative that DOGE has ceased to be a mere joke and has become an asset with its own weight within the crypto market. Currently, DOGE is trading as the ninth most capitalized cryptocurrency in the world.
Whale accumulation strategy drives price up
Whale activity on Dogecoin has historically been a catalyst for significant price movementsIn recent days, the purchase of 230 million DOGE has coincided with a break above key resistance levels such as $0,218, raising expectations for a potential bullish continuation towards ranges of $0,28 to $0,29.
This behavior aligns with previous analyses that identify accumulation zones as a prelude to expansion phases. Martínez has noted that DOGE is in a historically favorable "buy zone," which in previous cycles has served as a platform for sustained rallies. Even projects that the price of DOGE could break $0,70 soon.
On the other hand, DOGE accumulation is not limited to large holders. Recently reviewed data shows that mid-sized portfolios have also been activated, suggesting broader market participation in this accumulation phase. This phenomenon reinforces the hypothesis that the current movement is not solely the result of one-off speculation, but rather a coordinated positioning strategy. In this sense, the accumulation narrative becomes a key element in understanding DOGE's behavior in the short and medium term.
On the Road to a Dollar? Market Expectations and Projections for Dogecoin
The possibility of Dogecoin reaching $1 has been a subject of debate since its initial viral surges. However, in the current context, this projection is beginning to gain greater legitimacy.
In addition to Martinez, other analysts such as Javon Marks and Trader Tardigrade have identified technical patterns that point to a possible expansion of more than 200%, with targets that even surpass the dollar and approach $1,4. Experts base these predictions on certain previous market formations, such as bullish flags and ascending channels, which have previously served as a prelude to explosive movements in this cryptocurrency.
However, while these prospects are promising, it's always important to keep in mind that the market can be unpredictable, and these patterns only offer guidance based on past trends and not absolute certainties. This way, investors can better assess DOGE's growth opportunities with a balanced and realistic view.
Is DOGE headed for the dollar? Find out more at Bit2Me.Spot ETF odds increase
Finally, in addition to the interest of retail investors, institutional interest in Dogecoin also seems to be increasing. Platforms such as Polymarket have registered an increase in Chances of approval of a Dogecoin-linked ETF, rising from 38% to 75% in recent weeks. These types of developments, along with sustained whale accumulation, reinforce the theory that DOGE could be in a transition phase toward a new adoption narrative.
Thus, although the path to Dogecoin reaching the $1 level remains fraught with challenges, such as overcoming significant resistance levels and consolidating market interest, experts find reasons for optimism. Current fundamentals appear more solid and structured compared to previous cycles, suggesting that this meme cryptocurrency may be leaving its initial phase behind and moving toward a future of greater relevance and broader adoption.
