TLDR
- Whales added 100M+ DOGE, hinting at a big move.
- DOGE could surge 740% to $1.10 if momentum holds.
- RSI and MACD show bullish signs, room to run.
- Smart money is quietly accumulating DOGE.
- Low hype, high activity — breakout may be near
Large Dogecoin holders have ramped up their activity in recent weeks, triggering fresh speculation about a potential price surge. On-chain data has revealed that wallets holding DOGE have collectively added more than 100 million tokens.
Whales have bought 100 million #Dogecoin $DOGE over the past week! pic.twitter.com/eKihSdKPXB
— Ali (@ali_charts) May 1, 2025
According to data shared by Bitcoinsensus, Dogecoin may now be entering a strong third wave of upward movement. If this momentum continues, DOGE could rise by as much as 740%. The projected price target stands at $1.10, suggesting substantial potential growth ahead.
$DOGE Huge Price Projection Target🚀💹
Dogecoin is now entering its 3rd wave of upwards momentum, potentially aiming for a 740% price increase.
Next Price Target : 1.10$ per $DOGETrade $DOGE NOW on #BYDFi !
Get a 15% Cashback up to $1000 when you sign up and deposit on BYDFI… pic.twitter.com/JW0jj3scmi— Bitcoinsensus (@Bitcoinsensus) May 1, 2025
The recent accumulation by mid-tier holders reflects growing confidence among seasoned investors. Their activity often signals shifts in market trends, and the timing of their actions has not gone unnoticed. While retail interest remains moderate, the moves by larger wallets suggest expectations of a future rally.
RSI Signals Room to Run: Is DOGE Gearing Up for More Gains?
Dogecoin’s current price is $0.1816, showing a 5.33% increase over the past 24 hours. The market cap has risen to $27.07 billion, while the 24-hour trading volume slightly decreased by 1.72% to $1 billion.
Source: Tradingview
The Relative Strength Index (RSI) at 58.23 suggests growing bullish momentum but is still below the overbought level of 70, indicating potential for further upside. The Moving Average Convergence Divergence (MACD) also supports bullish sentiment, with the MACD line above the signal line and increasing histogram bars. Overall, technical indicators point toward strengthening upward momentum, but traders should watch for resistance near $0.20 and keep an eye on volume sustainability.
Strategic Accumulation Signals Growing Optimism Among Investors
This phase of quiet accumulation points to a strategic approach by investors who appear to be positioning ahead of a potential breakout. The absence of significant news or online promotion makes the scale of the recent DOGE purchases especially notable. Such movements often precede strong market performances when driven by data rather than hype.
Despite the volatility often associated with meme coins, Dogecoin has shown periods of sustained interest from key market participants. These latest developments could mark the early stages of another such period. If the trend persists, it could support upward movement toward the projected $1.10 level.
