Attention! Dogecoin $DOGE soared today, have you seen the opportunity behind it?

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In 2025, Dogecoin (DOGE) started strong, with the price rising nearly 15% to break $0.39. This rebound was mainly driven by whale activity and a 190% surge in 24-hour trading volume, with analysts expecting DOGE may see greater gains.

Whale activity drives price up.

The recent rise of Dogecoin was mainly propelled by cryptocurrency whales purchasing 1.08 billion DOGE. Analyst Ali Martinez pointed out that this large-scale purchase demonstrates strong market confidence in DOGE.

Meanwhile, DOGE's trading volume also experienced a 190% surge, and despite a $35 million outflow, market sentiment remains optimistic. Analysts predict that in the short term, DOGE's price may rise by 22%, indicating that the upward trend may continue.

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Will there be a greater increase in the future?

Crypto analyst Crypto Surf pointed out that Dogecoin's 3-month super trend indicator has turned into a bullish signal. Previously, this indicator had been bearish since January 2022, but turned positive in January 2025, suggesting DOGE may enter a new phase of upward movement.

Historically, when this indicator turned green, it led to significant increases in Dogecoin's price, such as after April 2017, when DOGE skyrocketed 5,587% in January 2018. If history repeats itself, DOGE may welcome a new round of significant increases.

Current status of DOGE

Currently, Dogecoin's trading price is $0.389, rising 14.65% in the past 24 hours and 23% in the past week. As bullish signals increase, the market speculates on how high DOGE's price will rise. The year 2025 could be a key year for Dogecoin and its supporters.

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