The post Dogecoin Surges as Whales Accumulate 158M DOGE – Technical Breakout Eyes $0.30 appeared on BitcoinEthereumNews.com.

Rebeca Moen
Sep 21, 2025 06:09

DOGE trades at $0.27 (+1.01% daily) following massive whale accumulation and technical breakout above key resistance, with analysts targeting $0.30 next.

Quick Take • DOGE currently trading at $0.27 (+1.01% in 24h) • Dogecoin breaks long-term descending trendline resistance with bullish momentum building • Whales accumulated 158 million DOGE in September, signaling strong institutional confidence What’s Driving Dogecoin Price Today? The most significant catalyst behind Dogecoin’s recent strength comes from whale accumulation activity reported on September 19th. High-net-worth individuals have added an impressive 158 million DOGE to their portfolios throughout September 2025, demonstrating substantial confidence in the meme coin’s future prospects. This accumulation pattern typically precedes major price movements as large holders position themselves ahead of anticipated rallies. Adding technical fuel to the fundamental story, Dogecoin achieved a crucial technical milestone on September 12th by breaking above its long-term descending trendline resistance. This breakout has cleared the path for DOGE price to target the psychologically important $0.30 level, representing approximately 11% upside from current levels. The combination of whale accumulation and technical breakout has created a supportive environment for DOGE price action, with the current trading range of $0.26-$0.27 holding well above key support levels. DOGE Technical Analysis: Bullish Signals Emerge Dogecoin technical analysis reveals multiple indicators aligning for continued upward momentum. The strongest signal comes from Dogecoin’s MACD, which shows a bullish crossover with the histogram reading 0.0005, indicating fresh buying pressure entering the market. DOGE RSI currently sits at 58.82, positioning Dogecoin in the neutral zone with plenty of room for further upside before reaching overbought conditions. This healthy RSI reading suggests the recent rally has room to extend without immediate risk of momentum exhaustion. Dogecoin’s moving average structure paints an increasingly bullish picture.…

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Filed under: News - @ September 21, 2025 6:11 am