- Whales bought over 30 million DOGE in 24 hours, pushing prices upward.
- Dogecoin’s price trend shows upward movement fueled by whale interest.
- A bullish cup and handle pattern points to further gains for DOGE.
Whale Activity Drives Dogecoin’s Price Surge
Dogecoin ($DOGE) has experienced notable price movement recently, largely driven by significant whale activity. Over the past 24 hours, more than 30 million DOGE were purchased by large investors, according to data from Sentiment.
The surge in buying activity from whales has been linked to a positive shift in market sentiment surrounding the cryptocurrency.
The impact of whale behavior on the market is significant, as it often serves as a strong indicator of future price movement. As seen in the price chart, which covers the period from late July to early October 2025, Dogecoin’s price has fluctuated in tandem with the increased interest from whales.
Bullish Technical Pattern: Cup and Handle Formation
Dogecoin has caught the attention of traders due to a potential bullish pattern forming on the 4-hour chart. Trader Tardigrade highlighted the development of a cup and handle pattern, a well-known chart formation that often signals a continuation of upward momentum.
The handle of the pattern has already broken out, which suggests that DOGE could soon see a move higher. If this pattern plays out as expected, DOGE may reclaim levels above $0.30, continuing its recent upward trend.
The cup and handle formation typically indicates increasing bullish momentum, making it a crucial signal for traders seeking to capitalize on potential price gains. As more traders take note of this setup, it could further contribute to the positive market outlook for Dogecoin.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
