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Whales Scoop 158M DOGE, Institutions Flows Are Back: 2x Surge Next?
Yahoo Finance· 2025-09-19 09:23
Group 1: Whale Accumulation and Institutional Interest - Whales have accumulated over 158 million DOGE recently, despite a 1% price dip and a 25% decrease in trading volumes in the past 24 hours [1] - Thumzup Media Corporation confirmed a Dogecoin acquisition worth nearly $2 million, purchasing approximately 7.5 million DOGE at an average price of $0.2665 [1][2] Group 2: Thumzup's Expansion Plans - Thumzup is preparing to enter Dogecoin mining through the proposed acquisition of DogeHash, which operates 2,500 active rigs and has an additional 1,000 rigs planned [2] - The company raised $50 million earlier this year to support DOGE accumulation and hardware investments, positioning DOGE as a leading meme coin for 2025 [2] Group 3: DOGE ETF Launch - The REX-Osprey Dogecoin ETF (DOJE) launched on US exchanges, achieving a total volume of $55 million, with DOJE accounting for $17 million [3] - The ETF received approval under the Investment Company Act of 1940, bypassing lengthy approval processes faced by competitors [3] Group 4: Price Analysis and Projections - DOGE is currently trading at $0.275, positioned within an ascending wedge pattern on the daily chart, with an RSI of 62 indicating healthy momentum [4] - Analysts suggest that if DOGE surpasses the critical resistance level of $0.29, it could potentially rise to $0.36, with an extended target near $0.45, representing nearly a 2x increase from current levels [4] - Conversely, failure to maintain support above $0.26 could lead DOGE to drop towards the $0.23–$0.24 range, where buying interest may emerge [5]