Dogecoin rose 41.18% in a month as trade war fears eased and crypto rebounded.

Whales added over 1 billion DOGE recently, bringing holdings to nearly 26 billion tokens.

Bull flag pattern suggests DOGE may hit $0.95, implying a possible 300% gain.

Dogecoin has surged 41.18% over the past month, fueled by easing trade war concerns and fresh momentum in the broader cryptocurrency market. The sharp rise has caught analysts’ attention, with many believing the upward trend still has room to run.

Analysis from CryptoQuant contributor burakkemeci points to a pattern that repeats during Dogecoin price peaks. A recent post shows that these tops often appear when there’s a spike in retail futures trading. Burakkemeci’s chart links these surges to intense activity in the futures market, especially from individual investors placing short-term bets.

Red bubbles in the chart show where retail speculation spikes. These red zones tend to match up with previous price tops, hinting that this kind of activity could signal an overheated market. The presence of these bubbles at price peaks suggests that too much trading by smaller investors could be a warning sign.

On the other hand, the same chart includes green and pink bubbles representing quieter retail activity. These areas lineup with more stable and healthier price behavior. Burakkemeci points to these times as possibly better for entering the market. 

Neutral Futures Zone Leaves Room to Climb

Though the price has recently surged, current Dogecoin futures activity still sits in a neutral zone. This lack of excessive trading from retail investors implies that a blow-off top has yet to form. According to the analysis, this may leave more room for Dogecoin to climb.

Adding strength to the current rally, Dogecoin’s on-chain activity and whale behavior show strong support. In a tweet posted by Ali Martinez, whales — large holders of the token — have added over 1 billion DOGE to their wallets in the past month. This brings their total to nearly 26 billion DOGE. Their accumulation indicates rising confidence from major investors and adds fuel to the bullish narrative.

The network has also grown more active. Daily transaction volume has neared $549 million, while the number of active daily addresses climbed to 69,200. These figures point to increased participation and utility, which often contribute to a healthy price surge.

Dogecoin Bull Flag Points to 300% Upside

A technical outlook from Bitcoinsensus supports the idea that Dogecoin’s rally may not be over. The analyst describes a clear pattern playing out on the weekly chart. The coin has been moving in impulsive waves, separated by short pullbacks — a setup that mirrors classic “bull flag” behavior.

Each breakout from this pattern has topped the previous one. The first major wave brought a 90% rise. The second gave traders a 215% gain, and the third delivered a jump of 440%. DOGE is now in wave 4, having just broken out of descending channel.

The analyst from Bitcoinsensus believes that the breakout could set the stage for a strong rally, with $DOGE aiming for a target of $0.95. That would mark a potential gain of over 300% from current levels. Chris, another analyst, forecasted a potential run to $1 before the end of summer.

As Dogecoin rides this wave of optimism, traders and investors are being reminded that watching futures activity — particularly surges in retail participation — could provide early warnings before any major reversals. For now, DOGE still has room to move, but all eyes remain on the signals flashing behind the price.

Read More | Dogecoin News: Major ETF Update, Active Addresses Surge 528% – Price Set To Follow?

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Filed under: Bitcoin - @ May 17, 2025 3:00 pm