Whale movements and technical data in Dogecoin: Is the $1 target realistic in 2025?

While Dogecoin attracts attention with whale accumulations and technical indicators, the $1 target for 2025 is still one of the important topics on the agenda. Although the cautious approach of retail investors and low trading volume limit price movement, a major upward rally can be experienced if critical resistance levels are exceeded. Technical analysis indicates that the upward momentum may accelerate if DOGE breaks the $0.4 level.

Dogecoin is targeting a significant price level that could cause major volatility in the cryptocurrency market. While Bitcoin’s rise above $100,000 has created a general bullish atmosphere in the markets, Dogecoin seems to be failing to capitalize on this momentum. However, recent whale movements and technical indicators are providing interesting signals for investors.

Throughout 2024, whales have been continuously accumulating DOGE, with accumulation temporarily slowing down in November. The number of wallets holding over 1 million DOGE has now surpassed 5,000, indicating that a major price increase in the Dogecoin ecosystem may be imminent.

Dogecoin’s price chart shows that it is struggling to hold its 50-day moving average (MA), which provides strong support but the price has yet to gain significant momentum higher.

RSI (Relative Strength Index): The upward move in the RSI indicator seems to have stalled, signaling that the downtrend may continue.
Volume: The decline in trading volume challenges the sustainability of the upward movement.
TD Sequential Indicator: This indicator indicates that a price correction may occur in the short term and the bearish scenario is still valid.

The social sentiment metric for Dogecoin remains at 0.60, indicating that a large portion of the community is still cautious about DOGE’s upside potential.

However, despite all these bearish signals, if Dogecoin price can break above the $0.4 resistance above the 0.786 Fibonacci level, the uptrend could regain strength. If this scenario plays out, DOGE can be expected to start a strong rally towards $0.55 and then $1.