Dogecoin (DOGE) saw a strong rally earlier today, touching $0.25 before pulling back slightly. At the time of writing, the meme-inspired cryptocurrency is down about 2% in the last 24 hours but is still showing signs of strength as it tests key price levels. Whales Scoop Up 2 Billion DOGE as ETF Odds Hit 90% Crypto analyst Ali Martinez revealed that whales, or large holders of Dogecoin, have been very active recently. In the last seven days alone, they scooped up a massive 2 billion DOGE, signaling growing confidence among big players. Martinez also predicted that if Dogecoin can break above $0.36, the road could be clear for a surge toward $0.70. 2 billion Dogecoin $DOGE scooped up by whales in the last 7 days. pic.twitter.com/R6EbOYZnGD — Ali (@ali_charts) August 14, 2025 This bullish prediction is further supported by Bloomberg ETF analysts Eric Balchunas and James Seyffart, who recently increased their odds of a spot DOGE ETF approval to 90% by the end of 2025. Such a development could attract more institutional money into Dogecoin. The political tailwind. The ETF optimism built on Washington’s newfound liking to crypto. Here’s our report on President Trump’s new stance. Technical Outlook: Short-Term Moves Could Be Tricky A market analyst tracking DOGE’s chart patterns has observed that the price action since late June is forming an ABC corrective structure. The current upward move, known as the C-wave, appears to be taking shape in five smaller waves. Source: MoreCryptoOnline The analyst’s short-term target for the final push in this wave is around $0.26, which aligns with the 61.8% Fibonacci extension level, a common resistance area in trading. If this target is reached, a pullback is expected. Ideally, DOGE should hold above $0.20 during that correction to maintain its bullish outlook. If the correction holds, the next breakout level to watch is $0.286, the high from July 21. A clean break above that could lead DOGE toward the analyst’s longer-term bullish targets. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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