Dogecoin has experienced renewed attention in the market with large investors holding more than 680 million DOGE in August 2025. This increased total holdings in whales to about 98.56 billion tokens, the highest since December of the preceding year. Its accumulation indicates that institutional investors are feeling more confident at a time when meme coins are being speculated more widely.
Statistics show that such acquisitions did not take place at once but in separate portions. Such a tendency aligns with past trends according to which long-term holders accumulate histrionic before any significant market changes. Analysts pay close attention to whale behavior, where maintained buying activities tend to affect price actions by limiting the supply of money in the market and promoting the tendency to increase its value.
The price chart of Dogecoin has recently created a golden cross. This happens when the 50-day moving average moves above the 200-day average, which, to most traders, is a bullish signal. When this pattern significantly increased in late 2024, DOGE enjoyed a rally that was over 130% in just a matter of weeks.
Analysts have now cited a breakout Dogecoin price at $0.2407. If the price hikes beyond this bracket and remains above $0.28, then new targets may arise between $0.42 and $0.48. One of the primary levels is $0.36 as technical resistance. A breakout of this range could pave the way for a possible retesting of its all-time high at around $0.70, though such actions are dependent on market conditions.
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The Dogecoin futures have seen open interest increase by 9% over the past few weeks, and the options data reports a 10% increase in the long-term market positions contracts. These signs reflect the switch in attitude to the market, with large traders taking a more active stance, but with a smaller volume of daily trading. These signals show that the price growth is going to be in the long term, is anticipated by the investor, and not because of any speculations.
Other meme tokens, such as MAGACOIN FINANCE, have started to capture investor attention alongside Dogecoin. This comes after this project just went into the presale phase and is currently in a CertiK audit. The increase in its popularity with early adopters is indicative that the capital of investors can start to diversify into the meme coin market.