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- An analyst highlights Dogecoin’s strong uptrend with higher lows holding firm after breaking a major resistance zone.
- Whale accumulation and rising derivative activity suggest growing institutional interest and stronger bullish market momentum.
Dogecoin (DOGE) has once again captured the market’s attention after faltering along with the crypto market crash last weekend.
Now, the meme coin, featuring the Shiba Inu dog icon, is rebounding and showing renewed vigor. DOGE’s price is currently about $0.20763, up 12.32% in the last 24 hours, with a market cap of $31.65 billion.
This figure is not just a technical rebound, as analysts estimate that Dogecoin still has significant room to surge much higher.
Dogecoin Maintains Its Uptrend Amid Strong Technical Signals
According to analyst Javon Marks, Dogecoin’s price structure remains firmly in an uptrend. He explained that the continued formation of higher lows indicates that buyer power has not waned, even after the weekend’s volatility.
Marks also emphasized that Dogecoin had just broken through a major resistance line that had been holding back its price movement.
“Dogecoin is still in an uptrend, and the price could triple,” he said, with a medium-term target of around $0.6533. If this pattern holds, there’s a potential upside of over 200%.
On the other hand, a similar view comes from technical analyst Cryptollica. He highlights DOGE’s position, which is now moving above the Simple Moving Average (SMA) and remains within a strong ascending channel pattern.
With this configuration, he believes, Dogecoin has the potential to break through the psychological level of $1 and even reach $1.25. This pattern indicates a shift in momentum from selling pressure to buying dominance. Technically, this signals that the market is building the foundation for the next price surge.
Target : 1.25$ pic.twitter.com/V6JPlJTUeW
— Cryptollica⚡️ (@Cryptollica) October 12, 2025
Whale and Derivatives Activity Drive Momentum
Interestingly, the surge in interest isn’t just coming from retail investors. In the past 24 hours, whales have purchased over 300 million DOGE. This kind of accumulation activity is usually a sign of strong confidence in the potential for a further rally.
Meanwhile, according to derivatives data on CoinGlass, Dogecoin trading volume increased 30.59% to $14.93 billion. Open interest also increased by 15.38% to $2.08 billion.
Data from Binance shows the long/short account ratio for the DOGE/USDT pair is at 2.7383, indicating that traders optimistic about price increases far outnumber those taking short positions.
Furthermore, the CNF previously noted that last September, Dogecoin showed momentum signals of up to 1,900%, driven by smart money movements and massive outflows from exchanges. Retail activity at the time was neutral, which actually opened up more room for DOGE’s growth in the long term.
Under current conditions, the combination of large investor accumulation and strengthening derivatives data could provide additional fuel for the next major rally.
