Dogecoin Price Eyes $0.8 as Whales Accumulate 200M DOGE and Chart Breakout Confirmed

YEREVAN (CoinChapter.com) — Dogecoin price has broken above a descending trendline that had capped gains since January 18. The breakout occurred alongside a strong 18% increase over the last three days. DOGE now trades around $0.195, with a 4% gain in the past 24 hours. Volume during this move reached 19.81 million, according to the 4-hour chart on TradingView.

The trendline break follows two months of lower highs. DOGE price remained below the 50-period EMA, but the recent surge has pushed it above that level. The 50 EMA, currently at $0.182, may now act as short-term support.

This chart movement puts Dogecoin ahead of all top 30 cryptocurrencies by market cap this week. It also marks DOGE’s highest weekly performance in 2025 to date.

On the same 4-hour chart, the RSI (14) has climbed to 70.87, suggesting higher momentum. The RSI crossed above the 61.47 average, indicating stronger buying interest. Traders are now focusing on the DOGE $0.2 level. If price holds above this zone, it could indicate sustained breakout momentum.

Whales Bought Over 200 Million DOGE

DOGE whales have added more than 200 million DOGE in just two weeks. Ali Martinez, a well-known analyst, reported this accumulation. The buying activity came during a period of market volatility, according to his statement.

On-chain data from Glassnode shows that around 7% of DOGE’s supply is concentrated near the DOGE $0.2 level. That range could act as either resistance or support, depending on price movement.

Glassnode also highlighted that there is minimal resistance between $0.20 and $0.31. This creates a potential gap for a 55% rise if DOGE holds above the current level.

DOGE Chart Analysts Set $0.8 Price Target

Several analysts have published new DOGE chart updates. TradingShot set a DOGE $0.8 price target, which is above the previous high of $0.73. Their analysis points to resistance at $0.30, but also notes a strong shift on the DOGE RSI.

TradingShot’s DOGE chart also shows a rebound from the lower band of a one-year price channel. According to their model, this may reflect a new phase in the market. The DOGE RSI is trending upward on the daily chart, reinforcing this view.

Trader Tardigrade released a DOGE chart suggesting the price could reach $6 over time, completing what they call “cycle 3.” They expect DOGE to touch $1 by June.

Master Kenobi also shared a similar DOGE chart, forecasting a level of $1.1 by mid-year. This projection is based on observed patterns in DOGE’s price movements, particularly drawing parallels to its behavior during the 2017 bull run.

In his analysis, Master Kenobi notes that during the 2017 cycle, DOGE experienced two significant price surges of similar magnitude and duration. The first surge was followed by a retracement and an extended consolidation period before the second parabolic rally to new highs. By comparing the current price action to this historical pattern, he suggests that DOGE might be entering a similar phase, potentially leading to a price peak of $1.1 around June 2025.

Dogecoin Reserve Launch Draws Attention

On March 24, the Dogecoin Foundation launched the Dogecoin Reserve through its new corporate arm, House of Doge. The Reserve began with a purchase of 10 million DOGE at market price, marking a key step toward positioning Dogecoin as a functional global payments solution.

According to the official press release, the DOGE Reserve aims to improve liquidity and transaction reliability for merchants and users. The team plans to publish the wallet address once the transfer is complete. This move, announced shortly before Dogecoin’s recent price breakout, is designed to demonstrate that DOGE can enable smooth and efficient real-world payments.

Michael Galloro, Board-Elect member of House of Doge, said the reserve will help “bridge the gap between transaction processing times and real-world usability.” By creating a strategic reserve, the group wants to address issues like lag in digital currency transactions, which often prevent crypto from functioning like traditional payment methods.

The foundation outlined several key reasons behind the DOGE Reserve:

• Low transaction fees: Cheaper than legacy payment systems.

• Inflationary supply model: Maintains liquidity for everyday use.

• Incentive programs: Includes merchant cashback and user rewards.

The DOGE Reserve is part of House of Doge’s broader plan to partner with payment providers and scale Dogecoin adoption across everyday commerce. The organization stated it is building infrastructure to make DOGE usable in both retail and government transactions.

The DOGE Reserve is one of the latest developments connected to the Dogecoin price shift this week. The announcement came shortly before the rally began.

House of Doge Develops Business Tools and Infrastructure for Dogecoin Payments

House of Doge has expanded its scope beyond the Dogecoin Reserve, introducing tools designed to help businesses integrate Dogecoin into their payment systems. The group offers infrastructure for retail and online merchants to process DOGE transactions with instant settlement features.

In addition to payment tools, House of Doge has launched educational and consulting services. These resources are aimed at businesses and individuals seeking to understand how to use Dogecoin for regular transactions. The group’s website lists structured programs that include onboarding materials and technical support.

House of Doge is also contributing to ongoing development efforts under the Dogecoin Foundation. Part of its focus includes building out infrastructure that supports large-scale use and preparing Dogecoin for broader adoption across commercial sectors. The group stated it is working on scalable systems designed to meet demands from both public and private institutions.