Dogecoin (DOGE) is back in the spotlight and showing resilience despite the ongoing volatility in the crypto sector. The DOGE price over the last 24 hours is up by 0.64%, and over the last week it is also up by 8.37%.
Currently, DOGE is trading at $0.2658 with a 24-hour trading volume of $1.71 billion, reflecting a 36.41% decline over the last 24 hours. The token has a market capitalization of $40.14 billion, which is slightly up by 0.64%.
Source: CoinMarketCap
In general, the crypto market trend has turned bearish due to less investor confidence and BTC’s downward momentum. This depreciation has affected the overall market, including altcoins like DOGE.
The crypto analyst, Hailey LUNC, revealed that whale wallets have scooped up over $148 million of Dogecoin (DOGE) within the past 24 hours, according to on-chain data. Such a rise in large-scale accumulation attracted the entire crypto community, as whales usually tend to be viewed as market makers potentially sparking sudden volatility.
BREAKING:
— Hailey LUNC
Whales purchased over 148 million $DOGE in the last 24hrs. https://t.co/3SLt2mQ4vb pic.twitter.com/kUuna4w8cD(@TheMoonHailey) September 20, 2025
Timing has given rise to speculation over catalysts, from Elon Musk’s repeated DOGE references to the broader market rise. As Dogecoin’s meme creation continues, its loyal fanbase and considerable whale traffic suggest the next price swing may come sooner than most predict.
Moreover, the crypto analyst, Hailey LUNC, highlighted that Dogecoin (DOGE) finds itself at a critical crossing since it tests the Supertrend resistance line, a level technically significant and formerly one that triggered enormous rallies. On earlier breakouts, the bulls drove the token up by 84%, 194%, and 446%, generating speculation of a new breakout delivering gains of more than 520% if the trend persists.
Source: X
Also Read | Dogecoin Holds Strong Support Aiming Bullish Breakout Move Near $0.280
Analysts warn, however, that inactivity in piercing this level might send Dogecoin back through its most recent weekly lows for a retest. With Bitcoin holding firm and altcoins picking up speed, the question now is whether Dogecoin can trigger a new explosive surge or be rejected at this significant level.
According to the data from CryptoRanks, in 2025, the mid-year trend was divergent, looking resilient and volatile in performance. July offered a strong +27.1%, which reflected revived optimism among investors. It was damped afterwards by a noticeable dip in August by registering only +1.90%, meaning market players grew more fearful and growth was slightly off-pace for a time.
Source: CryptoRank
September, however, reversed rapidly, with gains climbing beyond +23.6%. Such a reversal highlighted the ability of the market to consume past weakness and respark in the coming days ahead.
Also Read | Dogecoin Charts Signal Possible 20X Rally as Price Eyes Key Breakout
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