Dogecoin Slips on August 11, 2025, as Whale Moves Nearly $200 Million in DOGE

Jakarta, Pintu News – Dogecoin is attracting attention again after the “whales” accumulated nearly 200 million US dollars on August 10.

The large buying action briefly pushed the price of DOGE from $0.22 to $0.23, before finally correcting slightly to around $0.227. Dogecoin’s rise this time was supported by solid technical indicators and increasingly positive market sentiment.

Then, how is the current Dogecoin price movement?

Dogecoin Price Drops 1.1% within 24 Hours

On August 11, 2025, Dogecoin saw a modest 1.1% pullback over the past 24 hours, settling at $0.2297, or around IDR 3,895. Throughout the day, DOGE traded within a narrow range between $0.2307 and $0.2424.

At the time of writing, Dogecoin’s market cap stands at around $36.122 billion, with trading volume dropping 25% to $2.240 billion within 24 hours.

Read also: Ethereum Surges Past $4,300 on August 11, 2025 — Analysts Predict a Run Toward $12,000!

Dogecoin’s Road to $1: Technical Signals Fuel Optimism

The technical chart shows that since 2023, DOGE has formed a rising wedge pattern which is a strong foundation for further upside potential.

Analysts also highlighted the formation of a double bottom pattern and the RSI indicator which is in the overbought area but still bullish, both of which are key factors that push DOGE’s price prediction even higher.

The cryptocurrency recorded an intraday surge of 22% due to massive buying by “whales”. This surge was one of the strongest in recent months. Speculative buying and hopes regarding the potential launch of an ETF helped lift market sentiment.

Dogecoin also managed to break the 14-day resistance level at around $0.25, a level last reached in late July.

If the buying pressure continues, DOGE has a chance to break the next important resistance area.

MMBTtrader crypto analysts mentioned that Dogecoin’s journey to $1 is now more plausible as the market’s upward trend continues.

Bullish Breakout and Retest Show Strong Momentum

MMBTtrader analysis shows that on July 15, DOGE managed to break above the long-term descending parallel channel on its 3-day chart. The breakout at this level signaled a shift in energy from selling pressure towards an expansion phase.

Read also Bullish and Bearish Prediction of Top 7 Crypto in 2025, Check out the Chart!

The strength of the breakout was further confirmed when DOGE retested the upper side of the channel on July 21.

In its movement, the price correction briefly touched the support level at 0.61 Fibonacci retracement at $0.188 on August 2.

Since then, Dogecoin formed three consecutive positive candles on the 3-day chart, which usually signals market stability. This pattern indicates continued upside potential as long as buying interest remains high.

DOGE’s target of reaching $1 is still waiting for additional bullish impetus. However, the combination ofbreakout and retest has formed a safe foundation.

With momentum and technical signals growing stronger, Dogecoin’s potential rally now looks more attractive than it has in recent months.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Dogecoin Breaks Resistance, Rally Builds Toward $1 Explosion. Accessed on August 11, 2025