Dogecoin Whale Activity Surges: A New Bullish Signal in May 2025?

Updated

May 15, 2025

Gambar Dogecoin Whale Activity Surges: A New Bullish Signal in May 2025?

Jakarta, Pintu News – Dogecoin seems to be attracting great attention from whales, with large transaction volumes increasing significantly. Recent data shows an increase in activity that may indicate an upcoming bullish trend for the popular meme currency.

Whale’s increased interest in Dogecoin

Data from IntoTheBlock shows a 41.12% spike in Dogecoin (DOGE) large transaction volume in the last 24 hours. This indicates that large and institutional investors are starting to show more interest in Dogecoin (DOGE). These large transactions usually involve significant amounts of money and can directly affect the market price.

This increase not only indicates increased liquidity but also the potential for price stabilization in the market. When the whales move, it is often the case that the market follows suit. Therefore, this could be an early indicator that Dogecoin (DOGE) may experience positive price movements in the near future.

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Improved Market Sentiment

According to data from Coinglass, there has been a sharp increase in bullish bets on Dogecoin (DOGE). Around 75% of traders are currently long Dogecoin (DOGE), indicating expectations of future price increases. This positive sentiment could be the impetus for more investors to join the uptrend.

This optimism among traders reflects a growing confidence in Dogecoin’s (DOGE) potential to recover from frequent market volatility. With more traders going long, there is a high probability that buying pressure will continue to push the price higher.

Technical Analysis and Key Levels

According to technical analysis, Dogecoin (DOGE) has been consolidating near the key resistance level of $0.25 for the past three days. This level is important because it has acted as a turning point for Dogecoin (DOGE) price movements in the past. If Dogecoin (DOGE) can break and close above this level, it might trigger a further buying wave.

Constant monitoring of these levels will be crucial for traders and investors to identify potential entry or exit opportunities. If Dogecoin (DOGE) fails to break this resistance, there could be further consolidation or even a decline, depending on the overall market dynamics.

Conclusion

With increased whale activity and positive market sentiment, Dogecoin (DOGE) shows potential to experience a price increase. However, it is important for investors to stay alert to changes in market conditions that could affect this prediction. Keeping abreast of the latest developments and conducting in-depth analysis will help in making informed investment decisions.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.