Dogecoin Price Prediction: Whale Wallets Surge as DOGE Dips – Parabolic Move to $1 Next
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Dogecoin is showing signs of renewed strength after its recent correction, with on-chain metrics revealing a notable uptick in whale accumulation.
Analysts suggest this growing interest from large holders could be the precursor to a major rally, potentially setting DOGE up for a parabolic run toward $1.
Whale Accumulation Despite Market Turmoil
Following a steep 16% pullback from its August 24 high of $0.245, Dogecoin briefly dipped to $0.205 on Monday before rebounding to the $0.211–$0.22 range.
The broader crypto market correction weighed on DOGE, but whale wallets have been quietly building positions.
Santiment data shows that the 50-day average of Dogecoin transactions worth $100,000 or more has surged to its highest level in five months.
At the same time, the number of wallets holding between 1 million and 10 million DOGE rose by 33% in August, bringing the total to 4,288.
Part of this renewed enthusiasm may also be linked to the Trump family’s recent involvement in acquiring a Dogecoin mining company.
DOGE Price Analysis: Breakout Structure Forming
Dogecoin is currently consolidating within a rising wedge pattern, trading just below a key resistance zone between $0.24 and $0.26.
A breakout above this range could trigger the next major bullish leg.
Source: TradingView
The first upside target sits at $0.55, while the $0.90 to $1.20 range aligns with both psychological resistance and Fibonacci extension levels.
A move beyond that could open the door to a parabolic rally, with longer-term stretch targets in the $3.00 to $5.50 zone.
DOGE to Claim $1?
Momentum indicators back the bullish setup, with the RSI stabilizing around 49 and MACD preparing for a bullish crossover.
If price breaks above the key $0.25 resistance with rising accumulation, a parabolic rally toward $1 may not just be speculation but the next reality for the world’s favorite meme coin.
With Dogecoin eyeing new all-time highs, Maxi Doge ($MAXI), a meme-powered crypto fusing the intensity of gym culture with the adrenaline-fueled spirit of bull market trading, has raised a whopping $1.5 million in its ongoing presale.
For its holders, $MAXI represents not only an investment but also membership in a community where both physical and financial gains are celebrated.
$MAXI holders engage in high-leverage trading discussions, compete in weekly challenges, and participate in themed competitions such as “Max Ripped, Max Gains.”
Beyond entertainment, the project strengthens its ecosystem through the Maxi Fund, which supports liquidity and builds strategic partnerships. Also, early backers have access to staking rewards at 190% per annum!
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Dogecoin (DOGE) just got a massive boost after a company tied to U.S. President Donald Trump reportedly dropped $50 million into what could be the biggest DOGE mining operation to date.
