- Whale activity pushes DOGE to rebound after a brief 8% drop.
- DOGE bulls target $2, aiming to break $0.16 resistance.
- Whale Alert tracks a $72.98M Dogecoin transfer between unknown wallets.
Dogecoin (DOGE) bulls are eyeing a $2 target as whale activity rises and market sentiment remains positive. However, this optimism follows a three-day decline that kicked in after the token hit resistance at $0.16. During this time, DOGE experienced bearish pressure and lost 8% of its value.
But just when it seemed the momentum was fading, DOGE made a quick comeback. At the time of writing, the token is exchanging hands at $0.1571 and has risen by 2.35 percent in the previous 24 hours, which suggests it’s on the mend. With the bulls back in action, all eyes are focused on whether DOGE can break through its resistance and rise to its $2 price goal.
Analyst Predicts Dogecoin to Break $1 by 2025
According to market analyst Steph Is Crypto, the DOGE token will recover strongly in the next 2-3 months. Steph’s chart analysis shows a regular pattern in which DOGE tends to bounce back on bullish reversals after every pullback point, indicating a strong upward swing.
Per the chart, key support levels in the $0.055, $0.08, and $0.12 range help reinforce this positive outlook. Steph Is Crypto’s chart highlights DOGE’s past price movements, displaying the coin’s tendency to rally after each correction.
For example, DOGE went to almost $0.50 in 2024 and crashed to $0.12 in 2025. This represents a pattern of cyclical price action, where each correction can be seen as a predicted path leading to more upswings in DOGE’s price.
As a result, the analyst predicts DOGE will surpass $1.00 by 2025 and reach $2.00 by mid-2026. This forecast lines up with the token’s historical tendency to rebound after a dip. The token is expected to make a big comeback in the short term with stronger market sentiment and some whale activity.
DOGE Price Gains Ground After Whale Activity Spikes
Adding to the current market optimism, analyst Ali noted a spike in whale activity, with over 800 million DOGE tokens bought in the last 48 hours. According to Ali’s chart, whale wallets holding more than one million DOGE coins showed increased volatility between April 7 and 8.
During this period, the value held by these wallets dropped to nearly $70.92 billion, which caused the token’s market value to plummet to almost $0.14. However, this dip didn’t last long. The whales quickly stabilized their holdings and began purchasing more DOGE, pushing the total value of their holdings to $72.18 billion.
As the wallets grew heavier with more DOGE, the price surged, suggesting that these recent purchases were key in helping the coin regain its value. Adding to the excitement, Whale Alert, a platform that tracks large cryptocurrency transactions, reported a massive Dogecoin transfer worth around $72.98 million.
A total of 478 million DOGE moved between two unknown wallets. One of these addresses received the bulk of the transfer—478 million DOGE—while the other wallet received a smaller amount—609,284 DOGE, valued at $93,024. This transaction further signals large-scale movement in the market and raises questions about where the market could go next.
