Dogecoin (DOGE) is the crypto whales’ target right now, as they accumulated over $200 million worth of tokens in just 24 hours. This surge of buying pressure briefly pushed the price from $0.22 to $0.246 before pulling back slightly to around $0.227. Currently trading near $0.228, DOGE is up 13% in the last week. Could this be the best meme coin to buy this week?
$Doge/daily#Dogecoin is forming a double bottom, with a target set at $0.50 🔥 pic.twitter.com/UtIqpu5v9k
— Trader Tardigrade (@TATrader_Alan) August 11, 2025
Expert pundits on crypto X are currently calling an emerging double-bottomed support pattern, which analysts theorise could fuel DOGE price on a return bounce to $0.50 over the coming week – especially amid sustained upside from Bitcoin and Ethereum. But how accurate are these claims – let’s take a look.
DOGE Price Analysis: Promising Signs Underpin DOGE Price Performance This Week
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
Technically, Dogecoin is showing promising signs. Since 2023, DOGE has formed a rising wedge and a double-bottom pattern, both considered bullish formations. The Relative Strength Index (RSI) remains overbought but supports positive momentum.
Notably, DOGE recently broke above a key resistance level at $0.27, a price point unseen since late July, and successfully retested it as support. This breakout and retest combination signals a shift in market sentiment from selling to buying.
(DOGEUSDT)
Dogecoin is trading around $0.227 with bullish momentum fueled by whale accumulation and strong technical signals. Key resistance sits near $0.25–$0.27, with a breakout potentially targeting $0.35. For now, $0.20 is the support level.
Analysts note a broader bullish sentiment across meme coins, with some projections suggesting DOGE could reach $0.32–$0.45 if market conditions stay favorable. A drop below $0.20, however, may trigger deeper consolidation. Overall, Dogecoin remains a top watch this week as traders eye the next move.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Snorter Token (SNORT) — Crypto Automation for Degens with Better Things to Do
While Dogecoin rallies, the meme coin space is evolving, making room for innovative projects like Snorter Token (SNORT). But why are people turning their attention to this new project?
Despite its funny branding, Snorter is not a meme coin: it’s a Telegram-based bot that helps users buy dips, set automatic triggers, and claim rewards effortlessly, all without the need for complex DeFi knowledge. It runs quietly in the background, automating tasks that normally require manual effort and constant monitoring, making it ideal for crypto users who want to avoid burnout.
We can expect high volume and high volatility if a full-scale altcoin season arrives. Traders who enter promising projects early will have a big advantage over the rest, and SNORT is built to give you that edge.
The SNORT token has a fixed supply, protecting investors from future dilution. Its ongoing presale has already raised over $2.5 million, fueled by an early community eager to adopt a project that combines entertainment with practical utility. Plus, presale participants can earn passive rewards, adding another reason to join early.
For anyone seeking meme coins with real-world utility and innovative tech, SNORT is a project worth watching this week.
Visit SNORT HereKey Takeaways
- Over $200 million in DOGE was accumulated in 24 hours, boosting price momentum and signaling strong market interest.
- Rising wedge, double-bottom patterns, and a $0.25 breakout suggest potential targets up to $0.35 in favorable conditions.
- SNORT’s presale has raised over $2.5 million, offering early investors passive rewards and potential altcoin season advantages.
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