Golden cross + Whale accumulation of 1 billion DOGE! Is the next "moon landing" for DOGE about to happen?

DOGE is experiencing a strong wave of upward momentum - in just 24 hours, Whales have bought up 1 billion DOGE (approximately $200 million), driving the price up more than 11.2% in a single day, currently reported at $0.24.

Even more exciting is that DOGE has appeared in a golden cross technical pattern for the first time since last November. Combined with expectations of ETF approval and favorable regulations, the market is starting to bet that DOGE will initiate the next "moon" rally.

Whale bought 1 billion DOGE in 24 hours

Exchange data: In just one day, Whales have accumulated purchases of 1 billion DOGE, with a market value of approximately 200 million USD.

Market Impact: Large concentrated purchases have reduced selling pressure in the market, potentially paving the way for greater volatility in the future.

Coin concentration: Currently, the supply of DOGE held by large holders is close to 50%, indicating an increase in confidence among institutions and high-net-worth investors.

Golden Cross Technical Signal

(Source: Trading View)

Formation: The 50-day Simple Moving Average (SMA) crosses above the 200-day SMA, creating a golden cross.

Historical reference: At the end of 2024, after DOGE exhibited a similar pattern, the price surged by 130% in a short period.

Technical Indicators:

DOGE is holding above the 30-day SMA.

RSI is 57, still has upward potential.

Potential target: looking towards $0.26 in the short term (+18%), with hopes to challenge $0.35 after breaking through $0.28.

ETF Approval Expectations and Regulatory Benefits

Market forecast: Polymarket shows a 75% chance of DOGE ETF approval.

Analyst view: Bloomberg ETF analysts Eric Balchunas and James Seyffart have raised the probability of spot DOGE ETF approval by the end of 2025 to 90%, citing a more favorable regulatory environment for cryptocurrency assets.

Potential impact: The listing of the ETF will significantly increase the exposure of DOGE among mainstream investors and attract more institutional funds.

Key Technical Levels and Market Outlook

Resistance level: The range of 0.242–0.245 USD is a short-term pressure zone, and a breakthrough is expected to head straight for 0.30 USD.

Support level: $0.227 is key for bulls to defend, holding this level will maintain a bullish structure.

Comprehensive judgment: Whale accumulation, golden cross, and ETF expectations form a triple benefit. In the short term, DOGE is expected to continue its upward trend, with a mid-term target aiming for $0.35 or even higher.

Conclusion

DOGE is at a critical moment of multiple positive resonances - the influx of Whale funds, golden cross technical signals, expectations of ETF approvals, and improvements in the regulatory environment have laid the foundation for the next round of "moon landing" market.

Investors should closely monitor the breakout situation at the resistance level of 0.245 dollars, as well as the progress of ETF-related policies, as this could become a catalyst for DOGE to initiate a new round of pump.