- RSI enters oversold territory, signalling short-term price bottom.
- Breakout from falling wedge pattern points to bullish momentum.
- Resistance expected near $0.22–$0.25 in coming weeks.
Dogecoin is seeing heightened interest from major investors this March, as on-chain data reveals over 220 million DOGE tokens were accumulated by whale addresses.
This surge in activity comes amid a broader uptick in the cryptocurrency market, pushing Dogecoin’s price to around $0.162. The token has also gained 1.89% on daily charts.
Source: CoinMarketCap
Market signals, including technical breakouts and a rising Relative Strength Index (RSI), suggest that DOGE could be preparing for another leg up, potentially aiming for the $0.22 to $0.25 range in the near term.
Whales added 220 million DOGE
Data shows that large holders of Dogecoin have added over 220 million DOGE in March 2025 alone. This influx of whale interest points to renewed confidence in the asset’s near-term trajectory.
The timing of this accumulation coincides with a broader crypto market rebound, which has lifted the prices of several major altcoins.
As of Monday morning, Dogecoin was trading at approximately $0.174, marking a 7.3% increase over the last 24 hours. The token’s recent performance is largely attributed to overall positive sentiment in the digital asset space and technical indicators suggesting bullish momentum.
Dogecoin’s market cap now stands at roughly $25 billion, making it one of the top 10 cryptocurrencies by valuation.
Bullish chart signals
Dogecoin recently broke out of a falling wedge pattern, a formation that many traders consider a precursor to upward movement. This pattern typically reflects a slowdown in selling pressure and a potential reversal.
Since this breakout, the token has registered consistent daily gains.
Meanwhile, the four-hour RSI has dipped into oversold territory, usually interpreted as a signal that the asset may be undervalued in the short term.
This shift has sparked interest among technical traders who view oversold conditions as a buying opportunity.
If current momentum continues and Bitcoin maintains its present course, analysts suggest Dogecoin could test resistance between $0.22 and $0.25 in the coming weeks.
This price range has historically served as a crucial level for both support and resistance during previous market cycles.
Pattern suggests 270% rally
Dogecoin’s recent price action is also forming a technical pattern of higher lows — a structure that often precedes major price rallies in the crypto market.
Observers note that this kind of setup has been seen before significant breakouts in Dogecoin’s past, including during the 2021 bull run.
Crypto analyst Javon Marks has identified this particular trend, suggesting that the current higher lows could lead to a significant upward movement.
Based on historical data, he points to the possibility of a 270% rally, which would see Dogecoin surge to around $0.6533.
This projection is supported by past correlations between similar chart structures and DOGE’s price action.
While this is not a guaranteed outcome, the formation of consistent higher lows is often used by traders as a leading indicator for bullish continuation.
Next targets: $0.22–$0.25
While the technical indicators and whale activity present a strong case for short-term gains, Dogecoin’s future trajectory will also depend on external factors such as macroeconomic conditions, Bitcoin’s price movement, and regulatory developments.
DOGE’s correlation with Bitcoin remains high, and any reversal in Bitcoin’s trend could impact sentiment across the altcoin market.
Nonetheless, the current indicators are favouring the bulls, and the spike in accumulation by high-value addresses could provide the momentum needed to sustain the rally.
As of March 31, DOGE remains one of the most actively traded meme cryptocurrencies, and its price trajectory will continue to be shaped by both technical developments and market sentiment.
Analysts will be closely watching the next resistance levels at $0.22 and $0.25, which could determine whether Dogecoin continues its climb or faces another consolidation phase.
The post Dogecoin whale activity spikes in March 2025 as price targets $0.25 appeared first on CoinJournal.
