Why Dogecoin is Surging Today?
Dogecoin (DOGE) enjoyed explosive growth in 2025, with the popular memecoin soaring nearly 15% to $0.39. This sudden rise was driven by massive buying by whales and a staggering 190% surge in trading volume in just 24 hours. However, cryptocurrency analysts believe that this may be just the beginning, with DOGE expected to see a bigger rally soon.
Whales buy dogs in bulk
A key factor in Dogecoin’s recent surge is the massive purchase of 1.08 billion DOGE by crypto whales. Ali Martinez, a well-known analyst, said that this large-scale purchase reflects strong confidence in the coin.
Dogecoin trading volume also increases significantly as whales buy Jump 190%. However, despite DOGE’s $35 million outflow, market sentiment remains bullish, with analysts predicting a 22% price increase in the short term.
Adding fuel to the fire, rumors are also circulating that Dogecoin is tied to Trump’s inauguration, with some speculating that Elon Musk’s support for Dogecoin and Trump could be behind its surge
Dogecoin key indicator turns bullish
Well-known cryptocurrency analyst Crypto Surf recently tweeted that the 3-month supertrend indicator for Dogecoin (DOGE) has turned bullish.
This is despite the fact that the indicator has been bearish since January 2022, even during Dogecoin’s 87% surge in March and 161% gain in November 2024. However, the indicator turned positive in January 2025, suggesting that DOGE may have entered a bullish phase.
The indicator last turned green in April 2017, leading to a massive 5,587% surge by January 2018 and another 3,837% surge to $0.7390 in May 2021. If history repeats itself, Dogecoin Might See Another Major rally.
As of now, the price of Dogecoin is around $0.389, up 14.65% in 24 hours and up 23% last week.
