TLDR:
- Dogecoin whales have accumulated 200 million DOGE coins in just two weeks
- DOGE price has increased by approximately 25% over the past 14 days, rising from $0.15 to $0.19
- Analysts predict DOGE could reach as high as $3 in its third cryptocurrency cycle
- Trading volume and futures open interest have increased, with derivatives volume rising 16% to $4.09 billion
- The coin maintains strong community support and adoption despite starting as a meme cryptocurrency
Dogecoin has seen growing market interest as whale investors have accumulated 200 million coins over the past two weeks. This accumulation comes alongside price gains and increasing trading volumes, suggesting a potential rally ahead.
DOGE Price
Market analyst Ali Martinez revealed that Dogecoin whales purchased 200 million coins in just 14 days. This buying spree has occurred despite broader market volatility, showing strong interest in the dog-themed token.
The whale accumulation period coincided with DOGE’s price recovery from $0.15 to $0.19 between March 11 and March 25. This represents a nearly 25% increase over two weeks.
Whales have accumulated over 200 million #Dogecoin $DOGE in the past two weeks, showing strong confidence despite recent volatility. pic.twitter.com/hWtzq7BtYP
— Ali (@ali_charts) March 25, 2025
Market Indicators Show Growing Interest
At press time, DOGE was trading at $0.1910, up almost 5% in 24 hours. The meme coin’s price ranged between $0.1825 and $0.1955 during this period.
Weekly performance has been even stronger, with DOGE showing 14% gains. This aligns with the massive buying activity seen in recent days.
Futures open interest (OI) for Dogecoin has increased by 6%, reaching $1.94 billion. The derivatives volume rose 16% to $4.09 billion, according to Coinglass data.
These market indicators point to growing trader interest. Higher liquidity is often a precursor to bull markets and may serve as a strong predictor for Dogecoin’s future performance.
Third Cycle Predictions
Analyst “Trader Tardigrade” suggests that DOGE price is finalizing the last stage of its “cycle 3.” Based on historical price movements, this could mean a massive upswing is coming.
Crypto experts predict major increases in Dogecoin’s price. Their analysis of previous cycles points to a potential price increase of up to 1,160%, which could take DOGE beyond $2.28.
Some analysts believe Dogecoin could grow more than 12 times its current value if it follows previous cycle patterns. During this third cycle, many investors are watching Dogecoin closely.
Technical Analysis
The current market momentum appears positive with Bitcoin remaining above $88,000 and Ethereum above $2,000. Meme coins have seen increased volume while investors speculate about a potential DOGE ETF.
Dogecoin faces resistance at around $0.21, which represents a key hurdle for continued upward movement. Breaking through this level could allow DOGE to reach new key points at $0.22 and potentially $0.25 in coming months.
The Chaikin Money Flow (CMF) shows a value of 0.19, indicating positive fund movement for DOGE. The MACD indicator shows an upward trend as it crosses above the signal line.
Beyond The Meme Status
Dogecoin has evolved beyond its origins as a joke cryptocurrency. It now has a market capitalization of over $28.67 billion with a trading volume of $1.54 billion.
Low transaction fees and swift block times have made Dogecoin popular as a tipping currency and payment method. Merchants accepting DOGE directly contribute to its increased utility.
The coin’s continued development and community support have helped it maintain relevance in an ecosystem increasingly focused on functionality rather than novelty.
Dogecoin’s progress from a tongue-in-cheek joke to a multi-billion-dollar asset shows the unpredictability of the crypto market. Its ability to capture mainstream attention while developing its technical features has contributed to its longevity.
The wider context beyond speculation will likely determine Dogecoin’s future. A continued bullish phase in the crypto space might push the coin to new peaks in the coming weeks.
The current price action indicates bullish momentum may continue as long as the broader market remains positive. Traders are monitoring key support and resistance levels to identify potential entry and exit points.
