The Dogecoin (DOGE) price has surged over 10% in the past week, reaching $0.184 as reduced Trump tariff concerns and increased whale activity fuel bullish momentum. This significant price movement comes amid broader crypto market strength, with Bitcoin recently touching $88.6K as Trump tariff fears ease.
Key Factors Behind Dogecoin’s 10% Rally
Several catalysts have contributed to DOGE’s impressive performance:
- Trump’s softened stance on tariffs, limiting them to specific sectors rather than broad implementation
- Bitcoin’s surge to $88,500, creating positive sentiment across the crypto market
- Significant whale accumulation of over 120 million DOGE
- House of Doge’s 10 million DOGE purchase for its official reserve
Technical Analysis Points to $1 Target
Prominent analysts are increasingly bullish on DOGE’s prospects:
- Master Kenobi identifies bullish divergence suggesting $1 by June
- KrissPax projects potential surge to $4 based on 2017 cycle patterns
- Current price action mirrors previous bull market structures
Whale Activity Signals Strong Accumulation Phase
On-chain data reveals significant whale movements:
| Timeframe | DOGE Accumulated | Number of Whales |
|---|---|---|
| Past Week | 120M DOGE | 12 |
| Past Month | 450M DOGE | 28 |
Frequently Asked Questions
Why is Dogecoin price rising?
Dogecoin’s price increase is driven by reduced Trump tariff concerns, Bitcoin’s strength, and significant whale accumulation.
Can Dogecoin reach $1?
Technical analysts project DOGE could reach $1 by June 2025, based on current market patterns and historical data.
Is now a good time to buy DOGE?
While the current momentum is positive, investors should conduct their own research and consider their risk tolerance before investing.
At press time, DOGE trades at $0.184, showing a 4% gain in the last 24 hours. The meme coin’s market structure suggests potential for further upside, particularly if Bitcoin maintains its bullish trajectory above $85,000.