- Dogecoin is nearing the resistance of $0.41 which in the past had led to significant rallies and may mark the beginning of another significant upward trend.
- Over $25 million DOGE left exchanges while whales and companies like CleanCore Solutions continue accumulating large positions rapidly.
- Bitwise’s Dogecoin ETF filing and a 91% spot ETF approval probability support growing institutional interest and potential mainstream adoption.
Dogecoin is getting close to a crucial resistance level close to $0.41, a price level that has sparked massive rallies in the past. Traders and analysts are paying attention, since a weekly close over this line could be the ignition for yet another strong move.
Historical Patterns Show Big Gains
According to ÐOGECAPITAL, Dogecoin’s weekly chart has shown repeated trends over past cycles. In its first cycle, DOGE rose roughly 83x after breaking above the final resistance. The second cycle was even bigger, climbing nearly 183x after clearing the same level.
Now, Dogecoin is testing the $0.41 resistance again. Should the price manage to stay above this level, history suggests it may result in a further significant upward move. Analysts are forecasting a more conservative 37x multiple from its 2025 starting price of $0.31, which suggests that Dogecoin would sit at around $11.71 at year’s end.
This estimate sticks to historical patterns rather than speculation. The $0.41 mark has become a critical point for traders, serving as a potential turning point for the next major trend in Dogecoin’s price action.
On-Chain Data Supports the Trend
Recent on-chain activity shows about $25 million worth of Dogecoin has left exchanges. Reduced supply on trading platforms often points to growing holder confidence and can support upward price movement.
Institutional developments are also playing a role. Bitwise has filed an S-1 for a Dogecoin ETF, bringing the asset closer to broader adoption. Prediction markets currently estimate a 91% chance of a spot ETF approval in 2025.
With reduced exchange supply and potential ETF approval, the environment seems favorable if Dogecoin breaks above $0.41. Technical and fundamental factors are aligning in a way that could encourage further price growth.
Whale Buying Adds Momentum
Large investors are increasing their positions in Dogecoin. Ali charts noted that whales purchased over 30 million DOGE in just 24 hours. CleanCore Solutions also added 100 million DOGE (~$26.6 million), marking its third purchase in a week.
The company now holds over 600 million DOGE and plans to reach one billion within 30 days. Growing whale activity, combined with reduced exchange supply and ETF optimism, creates a setup that could drive Dogecoin toward higher price levels.
