The post Why Dogecoin is Surging Today? appeared first on Coinpedia Fintech News 2025 has started off strong for Dogecoin (DOGE), with the popular memecoin surging nearly 15% to reach $0.39. This unexpected rally is fueled by massive whale activity and an incredible 190% spike in trading volume in just 24 hours. Analysts are already predicting that this could be just the beginning, with even greater gains on the horizon for DOGE. Whale Activity Fuels the Surge A major driver behind Dogecoin’s recent jump is the substantial purchase of 1.08 billion DOGE by crypto whales. Analyst Ali Martinez, known for his accurate market insights, suggests that this significant buy demonstrates strong confidence in the token’s future potential. Whales bought over 1.08 billion #Dogecoin $DOGE in the last 24 hours! pic.twitter.com/Ow2j6I1MDV — Ali (@ali_charts) January 2, 2025 In addition to whale purchases, Dogecoin’s trading volume has seen an eye-popping increase of 190%. Despite $35 million in DOGE outflows, the market sentiment remains overwhelmingly bullish. Analysts are forecasting a 22% price increase in the short term, suggesting that the current surge could have legs. Adding to the excitement are rumors linking Dogecoin to Donald Trump’s upcoming inauguration. Some speculate that Elon Musk’s dual support for both Dogecoin and Trump may be behind the recent price spike, further igniting speculation around DOGE’s future prospects. More Gains Ahead? Notable crypto analyst Crypto Surf recently pointed out that Dogecoin’s 3-month Supertrend indicator has shifted to a bullish signal. Supertrend turned green on 3M chart. $DOGE pic.twitter.com/NULVh258LC — Surf (@_CryptoSurf) January 2, 2025 This indicator, which had been bearish since January 2022—even during Dogecoin’s 87% surge in March and a 161% rally in November 2024—has turned positive in January 2025, suggesting that a new bullish phase for DOGE may be underway. The last time this Supertrend indicator turned green was in April 2017, which led to massive gains of 5,587% by January 2018, followed by another 3,837% surge to $0.7390 in May 2021. If history repeats itself, Dogecoin could be primed for another significant rally. Where DOGE Stands Today Currently, Dogecoin is trading at approximately $0.389, reflecting a 14.65% increase over the past 24 hours and a 23% rise in the past week. With bullish signals stacking up, many are wondering just how high DOGE can go. As the memecoin continues to capture attention, 2025 could be a defining year for Dogecoin and its supporters.
