The Dogecoin price has increased over 24% in the past 24 hours, fueling hopes across the crypto space for a broader altcoin season. This performance comes as Bitcoin (BTC) spikes above $104,000 and the entire crypto market flips to the 75 Greed zone.
As of the early trading hours of May 11, 2025, the Dogecoin price is trading at $0.2571 with strong momentum, fueled by massive whale accumulation and technical breakouts across multiple timeframes.
Dogecoin’s price action over the last month is equally impressive: it has risen 67.17% in 30 days and 46.15% in just the last 7 days.
600 Million Dogecoin Acquired in 48 Hours
According to popular cryptocurrency analyst Ali (@ali_charts), whales have purchased 600 million Dogecoin in just two days. A Santiment chart shared in his tweet confirms a steep accumulation curve, indicating aggressive accumulation by wallets holding between 100 million and 1 billion DOGE.
This kind of activity often serves as a strong leading indicator of institutional or smart-money interest. Whale accumulation typically precedes major price moves; in this case, it aligns closely with Dogecoin’s price breakout.
DOGE Price Surges Above $0.25
The Dogecoin price has surged nearly 25% in 24 hours, now trading around $0.2571. The move wasn’t just driven by retail hype; it’s backed by hard volume. CoinMarketCap data reports a 24-hour trading volume of $3.47 billion, a 46.80% increase from the previous day.
Technical charts reflect this bullish sentiment. DOGE/USDT printed a strong green candle, pushing from $0.20 to a high of $0.25 in a matter of hours. The parabolic nature of the breakout has led many traders to believe a new bullish cycle may be starting, especially for meme coins.
Ash Crypto summed up the market’s sentiment perfectly in his post:
“$DOGE is pumping hard. Historically, DOGE pump starts the altseason. Let’s hope for the same this time!”
Historically, Dogecoin (DOGE), the largest meme coin by market capitalization, has often acted as a precursor to altseason, marking the start of a period where altcoins like DeFi tokens, meme coins, and Layer 1 projects outperform Bitcoin.
Dogecoin Price Analysis: Strong Buy Across the Board
On the technical front, Dogecoin is flashing bullish signals from nearly every angle. CentralCharts data show that the coin has blasted through key resistance levels, including the Bollinger Band upper line at $0.234 and the 100-day moving average near $0.197.
The most crucial level now is $0.256, labeled as “Oblique Minor Resistance” on the chart. Dogecoin prices have already pierced through it, suggesting that the next target could be $0.30 and beyond, provided it closes the day above this threshold.
Moreover, the TradingView technical summary confirms this bullish bias. On the 1-day timeframe, 15 moving averages flash either a “Buy” or “Strong Buy” signal, indicating broad upward support across short—and long-term trends. Meanwhile, oscillators remain mostly neutral, with only a handful suggesting the asset may be entering overbought territory.
Among those indicators, the Relative Strength Index (RSI) currently stands at 2.51. While this is a high reading and typically signals overbought conditions, it’s not unusual during the early stages of a breakout.
Overall, these signals suggest that, from a trader’s perspective, Dogecoin is entering a strong uptrend with momentum clearly on its side.
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