Dogecoin is aiming for $0.30 after surpassing $0.26.

Dogecoin's Recent Performance

Dogecoin has returned to $0.26 as of Sunday morning after a sharp decline on Saturday. Investors are watching the price as it approaches its next resistance level of $0.30.

Large Investors and Volume Increase

Large holders accumulating 2 billion DOGE in the last 72 hours indicates a potential bull market. This behavior often aligns with trends observed before historical downturns.

Additionally, high trading volumes during the recent price recovery demonstrate increased institutional participation. Following a $1.7 billion liquidation last week, the crypto markets have begun to stabilize.

Price Movements and Technical Observation

During average session sales on Saturday, Dogecoin fell from $0.254 to $0.248, forming strong support around $0.247-$0.249. During this process, trading volume peaked at 485.6 million, indicating institutional interest. DOGE has recovered within an ascending channel formation, closing the session at $0.252.

By Sunday morning, DOGE regained the $0.26 level and is showing a consolidation phase above this level. Investors anticipate that the price will test resistance at $0.30.

Market Observations and Expectations

Investors are closely monitoring whether DOGE can close above the $0.26 level, how the SEC’s pending DOGE ETF decisions will impact institutional adoption, and the outcome of the significant DOGE accumulation that occurred in the last 72 hours. If momentum accelerates, there is potential for the price to rise to the $0.30-$0.40 range.