DOGE Price Rallies Over 6% After Whales Buy 1B Dogecoin – Is $0.30 Likely?

Key Points

1. Dogecoin price increased by 6% in 24 hours and 17.75% in the past week, trading at $0.2365.

2. Whales accumulated 1 billion DOGE ($200 million), with large-holder ownership nearing 50% of the supply.

3. Bloomberg ETF analysts raised the odds of a spot Dogecoin ETF approval to 90%, citing potential altcoin ETFs including DOGE and XRP.

4. Key resistance levels are at $0.263, with a breakout above $0.242–$0.245 potentially leading to further gains toward $0.25–$0.26.

5. Dogecoin has reclaimed its 30-day simple moving average (SMA), with RSI indicating bullish momentum.