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Whale wallets added over 740M DOGE, with long-term holder supply reaching 42%.
Dogecoin forms a bullish flag pattern targeting a 46% rally to $0.3350.
Cultural boost from Indy 500 racecar and $26K charity campaign builds sentiment.
Dogecoin (DOGE) has found fresh momentum in both price action and community engagement. With whale wallets accumulating at an aggressive pace and a bullish flag formation setting the stage for a potential breakout, Dogecoin is commanding attention once again.
As of May 27, 2025, DOGE is trading around $0.2267, up slightly for the day, but the charts and metrics suggest this may be just the beginning.
Over the past week, Dogecoin has seen a notable increase in activity from large holders' wallets that typically signal smart money moves. According to on-chain data from BeInCrypto, addresses holding between 100 million and 1 billion DOGE added approximately 740 million DOGE, worth over $180 million.
Even more telling, a single whale moved 200 million DOGE (worth over $45 million) out of Robinhood and into a private wallet. These types of moves usually reflect a long-term holding outlook, rather than short-term speculation.
Data from IntoTheBlock further supports this sentiment, showing that addresses holding DOGE for more than one year are increasing steadily. Long-term holders now account for nearly 42% of the total circulating supply, a significant rise compared to last year’s 30%.
Additionally, whale transactions exceeding $100,000 have increased by over 320% in the last two weeks, signaling sustained institutional or high-net-worth interest. These large-scale buys often precede significant market movements, particularly when coupled with decreasing exchange reserves, which Dogecoin has seen consistently in May.
On the 4-hour chart, Dogecoin is forming a bullish flag pattern, a classic continuation setup following a strong upside surge. Price action shows tight consolidation between downward-sloping resistance and support lines, right after a near-vertical rally earlier in May.
Key levels:
Breakout Zone: $0.2275 (upper trendline of the flag)
Immediate Resistance: $0.2533
Measured Move Target: $0.3350 (a 46% potential upside)
Support Zones: $0.2217 and $0.2095
The RSI sits at 49.77, reflecting a neutral stance and leaving plenty of room for upward momentum.
The MACD is also flattening, suggesting that momentum could shift favorably with a breakout above the $0.2265 zone. The structure remains bullish as long as DOGE holds above the mid-$0.21s.
In a major publicity boost, Dogecoin made a high-speed appearance at the 2025 Indy 500. Fans voted for Dogecoin’s branding to appear on Devlin DeFrancesco’s No. 30 racecar, an initiative backed by The Dogecoin Foundation, House of Doge, and Rahal Letterman Lanigan Racing.
The campaign wasn’t just for show; it raised over $26,000 for the Riley Children’s Foundation, underscoring Dogecoin's commitment to charity and community engagement.
This blend of cultural relevance and philanthropic effort reflects what continues to make Dogecoin unique among cryptocurrencies: it’s both a financial asset and a community-powered movement.
Also Read: Will Dogecoin Reach $0.7 Again? Derivatives Volume May Hold the Key
With technicals aligning and fundamentals strengthening, Dogecoin appears ready for a potential surge. Here's the likely scenario:
Bullish Scenario: A Break above $0.2265 could lead to a rally toward $0.2533, and if momentum holds, possibly to the measured target at $0.3350.
Bearish Scenario: Failure to hold support at $0.2217 may prompt a dip to $0.2095, but strong buying interest is expected in that zone.
The combination of whale confidence, bullish chart patterns, and cultural visibility may give DOGE the boost it needs for a substantial rally in the coming weeks.
Also Read: 5 Powerful Triggers That Could Propel Dogecoin to $5 Soon
In conclusion, Dogecoin is showing strong signs of a potential breakout fueled by both technical momentum and significant whale accumulation. The bullish flag pattern and rising long-term holder interest suggest growing confidence in its long-term value. With cultural visibility from the Indy 500 and a target of $0.3350 in sight, DOGE could be preparing for its next major move. Investors should watch for confirmation above key resistance and manage risk amid ongoing market volatility.
