Dogecoin Price Prediction – DOGE Could Soon Hit $0.255 Despite Intraday Correction

Highlights:

• Dogecoin is in a correction towards $0.22 support
• If support holds, DOGE could rebound to $0.255
• Whale buying and possible rate cuts likely to drive retest of $0.255

Dogecoin has entered a minor intraday correction after gains earlier in the day. At the time of going to press, Dogecoin was down by 3.69% to trade at $0.237. However, this price drop has not been accompanied by a volume surge. Dogecoin trading volumes are unchanged, dropping by a marginal 0.67% to stand at $4.12 billion. This is a bullish signal for Dogecoin, which means that despite the intraday price correction, Dogecoin holders are not willing to liquidate their holdings. It is a sign of confidence that investors expect DOGE to keep going up in the long term. Investor confidence around Dogecoin has a solid basis, as multiple factors support a rally to new highs. 

Whales Are Aggressively Accumulating DOGE

One of them is whale confidence in Dogecoin. Whales have accumulated over 2 billion DOGE in under 7 days. This is a significant amount quickly and indicates that smart money, possibly institutional, is willing to bet on Dogecoin. There is also the fact that the amount of DOGE on cryptocurrency exchanges. This can be interpreted in two ways.

First, it means Dogecoin holders are not hurrying to sell and are holding, choosing cold storage. It also means that the demand for Dogecoin has become so strong that the trading supply is starting to get strained. Based on the economic law of supply and demand, this dynamic usually precedes the establishment of equilibrium at a higher price level. This may explain the 11.39% price pump that Dogecoin has experienced in the past 7 days.

2 billion Dogecoin $DOGE scooped up by whales in the last 7 days. pic.twitter.com/R6EbOYZnGD

— Ali (@ali_charts) August 14, 2025

Chart Analysts Fueling Bullish Sentiment In Dogecoins

Outside of the growing whale accumulation, chart analysts fuel the ever-increasing bullish sentiment around Dogecoin. Many chartists are in consensus that Dogecoin has formed a golden cross. The cross is a result of the 50-day moving average cutting the 200-day moving average from below. Such a cross usually means that the current price is moving up faster than the historical average, a hint of rising bullish momentum.

In the context of DOGE, it could mean a breakout is imminent, triggering a rally to new highs. While chart patterns don’t always hold, the fact that the broader market is increasingly bullish confirms the case for a possible bull rally for Dogecoin.

Dogecoin Golden Cross Confirmed!

DOGE has just hit a major bullish milestone, its first golden cross since Nov 2024 when prices skyrocketed over 130% in just weeks.

Current price: $0.2410 (+6% 24h)
Whales have scooped up $200M+ worth of DOGE, controlling nearly half the… pic.twitter.com/k1YrLiitcG

— BPP | Crypto Key Media | $SUI $DMC (@Web3BPP) August 13, 2025

Possible US Rates Cut Could Support DOGE Upside Momentum

There are also factors outside the cryptocurrency market itself that could keep pushing Dogecoin higher. One of them is the increased consensus that interest rates will start coming down in September. This consensus arises from the weak labor data in July, and recent data showing that inflation is weakening and is within what the market expected.

If rates are cut, liquidity will likely flow into high-risk, high-reward areas of the market. Dogecoin is well-positioned to benefit from this new liquidity. It is the largest, most recognized meme coin. As such, the average investor seeking exposure to meme coins could choose DOGE over other higher-risk meme coins.

September rate cut odds are now at 99.9%. pic.twitter.com/Pj9Gt7A1lL

— Bespoke (@bespokeinvest) August 13, 2025

Technical Analysis – DOGE Loses Momentum After Brief Pump

Dogecoin pumped earlier in the day to a high of $0.255. However, bulls were sharply rejected, and the price is now in a correction towards the intraday support at $0.230.

If bears are able to breach the $0.230 support, then Dogecoin could drop to $0.220 support in the short term. However, if the $0.230 support holds, then a rally back to $0.255 could follow. Due to the strong demand for DOGE, a rally back to $0.255 seems more likely in the short term.