Dogecoin Price Steadily Resumes Uptrend With 72.5% Addresses In Profit

Highlights

Dogecoin price posts a 3.7% gain in a week with 1.64 million addresses in the money, the IOMAP model shows.
Whales steadily increased their risk appetite for DOGE amid the August downturn.
DOGE edges closer to a falling wedge breakout, flaunting a potential 71.5% rally.
The 50 and 200-day EMAs could impede the anticipated price increase, leading to extended consolidation.

Dogecoin (DOGE) price and major cryptocurrencies are poised for significant upward movement before the end of August as liquidity increases in anticipation of the annual Jackson Hole Symposium in Wyoming. Investors expect Jerome Powell, the Fed Chair, to affirm the central bank’s commitment to bringing down interest rates starting in September and lay out the general economy policy.

Dogecoin Price Market Movers: 72.5% Holders In Profit and Whales Growing Interest

Dogecoin price anchored the uptrend above $0.1 support as Bitcoin bulls put pressure on $62,000 resistance on Thursday. The largest meme coin seems fundamentally grounded, with IntoTheBlock’s IOMAP data revealing that approximately 72.5% of all network addresses are profitable. This totals 4.65 million addresses, while 25.63% or 1.64 million addresses are out of the money.

According to Santiment, whales were unfazed by the decline in DOGE price as holder patterns trended higher. The supply distribution metric reflects the increasing demand for Dogecoin, especially among holders with between 100,000 and 1 million tokens. This whale cohort accounts for 6.14% of the total supply. Addresses holding between 10 million and 100 million DOGE also topped up their balances to have 12.92% of the supply. Despite Dogecoin price underperforming since March, this consistent interest among whales points to a significantly bullish future.

DOGE Price Analysis: DOGE Could Rise 71.5%

After defending support at $0.1 from early August, Dogecoin price consolidated below $0.11 resistance. However, a 2.8% rise in the last 24 hours promises an extended leg up. Short-term support provided by the 20-day Exponential Moving Average (EMA) reinforces the renewed bullish trend.

The Moving Average Convergence Divergence (MACD) indicator flaunts a buy signal, encouraging traders to buy DOGE. A breach of the 50-day EMA resistance at $0.1137 will increase the probability of a falling wedge pattern breakout.

As Dogecoin price corrected from its March peak of $0.2288, it hit two higher lows and three higher lower lows. Using trendlines to connect these price points forms a falling wedge. The pattern is validated when DOGE breaks above the trend line resistance, ahead of a potential 71.5% breakout to close the gap to $0.2.

The target is determined by measuring the distance between the first swing high and low and appended to the breakout point. Traders place a stop loss below the trendline for risk management.

DOGE price forecast calls on traders to be vigilant and prepare for all scenarios, considering possible delays at the 50-day and 200-day EMAs. Other levels threatening the rally include the supply at $0.14 and around $0.18.

With the GIOM model showing volume, attention is directed to the area at $0.125, where 357.12k addressee purchased 46.31 billion DOGE. Traders cannot rule out a potential correction from this region as some holders could sell a breakeven, thus intensifying overhead pressure.

Frequently Asked Questions (FAQs)

1. Why is Dogecoin bullish?

Whales continued to buy DOGE amid the crash from its peak peak in March, which is building momentum for a major run.

2. Will the holders in profit sell DOGE?

This is unlikely as they stand to gain more when the price increases significantly.

3. What can stop Dogecoin price rally?

DOGE may fail to rally as expected if the general sentiment in the market deteriorates.

TAGS
Dogecoin (DOGE)

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.