Whales Dive Deep: 130M DOGE Bought in 24 Hours 🐳💰

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Amidst the vast and often tumultuous sea of cryptocurrency, Dogecoin (DOGE), the venerable meme token, finds itself once again under the watchful eyes of the market. With a current price of $0.23, a 24-hour volatility of 3.3%, a market cap of $34.44 billion, and a 24-hour volume of $2.40 billion, DOGE has shed 5.46% in the past 24 hours and plummeted over 14% in the last week. It now trades at $0.2283, a far cry from its former glory, down nearly 69% from its all-time high. 📉

Institutional Whispers and Whale Activity Fuel Optimism

July, a month of whispers and murmurs, marked a significant turning point for Dogecoin. After languishing in the doldrums between $0.17 and $0.21, DOGE finally broke free, surging through the $0.25–$0.26 resistance zone. This coincided with a monumental announcement: Bit Origin Ltd, a name that echoes through the halls of corporate finance, raised an impressive $500 million to bolster the Dogecoin treasury. 🏦

DOGE Explodes 7% to $0.28 After Massive Bit Origin Buy – Analyst Reveals Next TargetDogecoin rallied 7% to $0.28 following Bit Origin’s disclosure of purchasing 40.5 million DOGE tokens at $0.2466 average cost as part of its new Treasury Strategy backed by…

— Coinspeaker (@coinspeaker) July 21, 2025

The infusion of corporate capital into DOGE’s infrastructure has sparked a glimmer of hope, a sign that institutional curiosity is on the rise. According to the astute crypto analyst Ali Martinez, the whales have not been idle; they have gobbled up over 130 million DOGE in just 24 hours, a move that might just turn the tide. 🐳📊

Whales bought the dip! They have accumulated 130 million Dogecoin $DOGE in the last 24 hours.

— Ali (@ali_charts) July 29, 2025

This massive buying spree follows a 38% surge in the odds of a spot Dogecoin ETF approval in 2025, as reported by the decentralized betting platform Polymarket. The stage is set for a dramatic act, and the audience waits with bated breath. 🎭

Dogecoin Price Analysis: DOGE at a Critical Juncture

The Dogecoin daily chart reveals a tale of resilience and struggle. DOGE currently hovers just above a critical demand zone ($0.21–$0.23), a region that has now transformed into a bastion of short-term support. A rising trendline, connecting a series of higher highs, acts as a formidable resistance, forming an ascending triangle pattern. Should this line be breached, it could precipitate a retest of the $0.20 mark, and perhaps even the $0.17 level, a long-standing support since March. ⚖️

The immediate resistance lies at $0.25–$0.26, a zone where DOGE previously faltered. If it can sustain momentum above this level, the path to $0.33, and beyond to $0.40, may well be paved, making DOGE a contender for the title of best meme coin to buy. 🚀

The MACD has just completed a bearish crossover, with the signal line crossing over the MACD line, signaling a short-term downward momentum. The Balance of Power (BoP) remains neutral, suggesting a stalemate between buyers and sellers. The Relative Strength Index (RSI), at 54.42, indicates potential for movement in either direction. The Chaikin Money Flow (CMF) remains positive at +0.08, a sign of net inflows into DOGE. 📈

With the support of whale accumulation, rising institutional interest, and the tantalizing prospect of an ETF, DOGE stands at a crossroads, poised to either ascend to new heights or retreat to familiar lows. The next few days will reveal whether the meme token has the strength to overcome its challenges and reclaim its throne. 🌟

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2025-07-29 17:48