For months, the Dogecoin price has been as quiet as a mouse on a Sunday morning, but fear not, dear reader, for there’s a storm brewing beneath that serene surface. As retail investors dump their coins and key support levels hold strong, the whales are circling, ready to gobble up the tasty morsels of DOGE at discounted prices.
The ingredients for a DOGE rally are all in place, and analysts and whale behavior both point to one thing: a breakout is coming, and it might be bigger than we ever imagined!
DOGE Retail Exits, Whales Enter: Silent Accumulation in Progress
According to Santiment on-chain data, wallets holding between 10 coins and 1 million DOGE have been dropping like flies since June 28th, into early July. This means that smaller holders are possibly exiting the market, perhaps to buy a new yacht or a lifetime supply of avocado toast.
But at the same time, wallets holding between 1 million and 100 million DOGE have been advancing on the chart like a horde of hungry zombies. These data indications can only mean one thing: whales are absorbing supply at discounted prices, which is a clear sign of silent accumulation.
Adding more weight to this trend, DOGE transactions worth over $100K and $1M have also spiked in the same time frame. Historically, such whale activity often comes just before major price moves, like a flock of seagulls sensing a freshly opened bag of chips.
Falling Wedge Holds Strong: A Big Breakout Ahead?
On its technical front, the Dogecoin price on the daily chart is stuck in a falling wedge pattern since its peak $0.48 level. Although prices have fallen from their lofty heights, DOGE has never broken below the multi-year support range around $0.13.
The last time a parabolic move was seen was from the same support range, back when Trump won the election in Q4 2024. Since then, this support has been tested thrice in H1 2025, yet it continues to hold, like a stubborn toddler refusing to eat their vegetables.
As the wedge gets tighter, the chance of a strong breakout has increased, like a coiled spring ready to launch. When such patterns break, especially after long consolidation, the price can shoot up faster than a cheetah chasing a gazelle.
The current setup looks very similar to past DOGE rallies, but as the old saying goes, “Fool me once, shame on you; fool me twice, shame on me; fool me three times, and I’m probably a DOGE investor.” Yet, the caution still remains, as three times a level has been retested, the odds of this level weakening are also high. If it goes below $0.13, then lower levels await, like a sad clown at a birthday party.
Long-Term Pattern Repeats: Expert Predicts $3.40 Target
Aligning with the bullish sentiment, an expert Trader Tardigrade has highlighted that Dogecoin is repeating a price pattern that started back in 2014. In previous cycles, DOGE formed a bottom in year 2015, 2020, and 2023, built higher lows, and then exploded upward, like a firework display on the Fourth of July.
#Dogecoin has been maintaining a strong structure on the macro chart $Doge/M1
— Trader Tardigrade (@TATrader_Alan) July 5, 2025
He believes DOGE price is once again setting up for a big move. After building higher lows throughout 2024 and H1 2025, the conditions are aligning for a bullish breakout in H2 2025.
Based on his chart analysis, he expects the price to cross $3.40, a level that may seem far but is possible if the pattern holds, like a marathon runner nearing the finish line.
Read More
- EUR AUD PREDICTION
- EUR NZD PREDICTION
- GBP USD PREDICTION
- USD THB PREDICTION
- PENGU PREDICTION. PENGU cryptocurrency
- EUR PLN PREDICTION
- EUR THB PREDICTION
- USD MXN PREDICTION
- USD CAD PREDICTION
- EUR MXN PREDICTION
2025-07-07 04:53