Dogecoin (DOGE) Back in the Spotlight Following Bullish Signals and Renewed Whale Interest

Dogecoin (CRYPTO: DOGE) is back in the spotlight following a mix of bullish signals and renewed interest from both retail and institutional investors. The memecoin, renowned for its lighthearted origins and powerful community backing, has recently seen an uptick in momentum, prompting discussion about its future price trajectory.

As the cryptocurrency market continues to be volatile, interest in memecoins like Dogecoin is also increasing.

Here's a look at what happened and what's next for the memecoin.

What Happened: The DOGE price rose over 6% to $0.166 on the day a “golden cross” appeared on the hourly chart. The 50-period simple moving average crossed above the 200-period simple moving average, a technical indicator that often suggests strengthening upward momentum.

The last time the same technical indicator appeared on the daily chart was in December 2021, ahead of a 428% rally over the next four months.

Despite this positive short-term signal, caution remains. A “death cross” was observed on the daily chart last month, pointing to possible bearish risks over longer timeframes.

According to analysts at FXEmpire, resistance is building at $0.181 and $0.257, corresponding to daily SMA levels. If Dogecoin can break above these points, a stronger rally could occur.

On the downside, the $0.142 and $0.129 levels serve as near-term support for the price.

Dogecoin Whale Activity Sparks Interest: Beyond technical patterns, Dogecoin has seen a surge in whale activity. On-chain data from blockchain analytics firm DeChain revealed that DOGE whales accumulated 80 million tokens in just 24 hours.

For perspective, this astronomical sum is equivalent to approximately $11.8 billion in BTC or 7.8 million ETH at current market values.

Historically, such large-volume transactions have often preceded sharp price increases, highlighting the confidence of deep-pocketed investors.

This behavior aligns with a trend of renewed interest in Dogecoin, driven partly by anticipation of broader market rallies and increasing discussions around memecoins as an investment class.

For now, DOGE is bouncing from a critical support zone between $0.139 and $0.150. If the price can flip $0.196 into support, a 60% rally to $0.313 could be possible.

More optimistic scenarios see DOGE climbing to $0.484 or even $1 over time, though numerous hurdles remain.

Dogecoin Supply Now Over 148 Billion: Unlike Bitcoin (CRYPTO: BTC), which has a fixed supply, Dogecoin has an infinite supply design. This inflationary feature means that the total number of DOGE tokens continues to increase through mining.

Back in 2021, when Dogecoin reached its all-time high of $0.7376, the circulating supply was around 108 billion tokens. This resulted in an $80 billion market cap at the peak.

Fast forward to 2025, and the Dogecoin supply has risen by over 40% to 148.83 billion DOGE. This supply increase creates a moving target for price goals.

With the current circulating supply, Dogecoin would need to reach a market cap of approximately $110 billion just to match its previous all-time high price of $0.7376.

Going further, to reach the much-discussed $1 milestone, Dogecoin would require a market cap of around $148 billion based on the current supply.

What AI Thinks About Dogecoin Price Goal: The long-standing goal of Dogecoin hitting $1 is a hot topic, with artificial intelligence platforms also weighing in.

Elon Musk’s Grok AI suggested that Dogecoin may not reach the $1 mark in 2025. The AI platform predicts a price range of $0.30 to $0.50 by year-end.

CoinCodex algorithm presents an even more conservative view, predicting that the Dogecoin price will not hit $1 until 2029. The algorithm's forecast ranges from $0.17 to $0.40 for 2025.

ChatGPT estimates that DOGE could rise as high as $0.50 by the end of 2025 in a bullish scenario, driven by Bitcoin reaching new highs and continued whale accumulation. Its base case prediction stands at $0.30.

Dogecoin Network Activity Drops 98%: Network activity data tells a more sobering story. According to Santiment, the number of daily active addresses has plunged from over 1.6 million last November to just 39,507—a 98% drop.

This dramatic fall in user engagement has coincided with a 49%