Cryptocurrency Dogecoin Experiences First-ever Death Cross in August, Predicting Future Developments
In the cryptocurrency market, Dogecoin (DOGE) is showing signs of a potential significant price rebound, according to the latest technical analysis and whale accumulation data.
Despite a modest recovery, Dogecoin's price is currently trading below its daily Simple Moving Averages (SMA) 50 and 200, and is also below its four-hour SMAs. However, a recent decline of about 7% in August 2025, from around $0.245 to $0.22, has not deterred analysts who emphasize the importance of the $0.30 resistance level.
A sustained break above $0.30 could trigger a potential 500% surge, according to some expert projections, marking a pivotal bullish continuation point supported by long-term trendlines and technical patterns.
A golden cross formation has emerged, reinforcing bullish momentum. This occurs when short-term moving averages cross above long-term ones, and sets potential near-term targets at about $0.27 and then $0.30, contingent on holding above the $0.245-$0.25 resistance zone. Some optimistic forecasts even foresee DOGE approaching $1 over a longer timeframe, though this would require extended bullish consolidation.
Dogecoin currently trades above the 0.618 Fibonacci retracement level, a key technical support, maintaining solid trading volume which suggests sustained buyer interest. From a cyclical perspective, analysts referencing Dogecoin’s historic multi-year price cycles predict a substantial rally could occur by early 2026. Based on precedent cycles where DOGE made multi-thousand percent gains, a speculative target of around $2.28 and beyond has been proposed, implying a more than 10x gain from current levels if such a rally unfolds.
On whale accumulation, over one billion Dogecoin have been accumulated by large holders (whales) in the last 24 hours, equating to approximately $200 million at current prices. This whale accumulation could be considered bullish, as it indicates conviction in Dogecoin.
Chart patterns also hint Dogecoin is embedded in an ascending triangle formation, a classic bullish pattern. A decisive breakout from this triangle could yield about a 50% price upswing, reinforcing the outlook for a meaningful rally once resistance is overcome.
In summary, technical indicators (golden cross, Fibonacci support, triangle pattern) and cycle analysis converge on a bullish outlook for DOGE. Near-term targets around $0.27 to $0.30 are critical for confirmation of upward momentum. A breakout above $0.30 is especially significant, potentially unleashing strong gains propelled by whale accumulation and renewed trader confidence.
However, investors should carefully watch the $0.22-$0.25 range for support or resistance battles, and monitor volume trends to validate sustained buying pressure. Given the volatile nature of meme coins, these predictions are conditional on broader market sentiment and technical developments.
As of the current writing, Dogecoin is trading at $0.2013, up 1.15% in the previous 24 hours. The Relative Strength Index (RSI) of Dogecoin is in the negative territory, indicating a possible prolongation of the rangebound action. If Dogecoin closes above the 200-day SMA at $0.208, it may move towards $0.26 and potentially reach $0.29.
Crypto enthusiasts are optimistic about Dogecoin's (DOGE) price prediction, with some experts proposing a potential 500% surge if the coin breaks above the $0.30 resistance level. Whales, large holders of Dogecoin, have recently accumulated over one billion DOGE, equating to roughly $200 million, indicating conviction in the cryptocurrency. The technical analysis also shows a golden cross formation, ascending triangle pattern, and Dogecoin trading above the 0.618 Fibonacci retracement level, all of which imply a bullish outlook. However, the Relative Strength Index (RSI) of Dogecoin is currently in the negative territory, suggesting a possible prolongation of the rangebound action.
