Dogecoin (DOGE) saw a 14% increase over the past 24 hours, trading around $0.24. The buying activity from large holders has had a considerable impact on the asset's performance.
Dogecoin Price Dynamics
As of August 23, 2025, Dogecoin's price reached $0.24 after experiencing significant growth. The token accumulated about 4% over the week, although its monthly fluctuations show a relatively steady picture.
Whale Activity Overview
In August, large holders acquired over 680 million DOGE, amidst declining buying volumes from smaller traders. Analysts note that the active purchases by whales have stabilized the token's price, helping to avoid sharper declines.
Traders' Future Expectations
Traders are anticipating that the $0.24 support level may become crucial for future Dogecoin movements. If the price breaks through current levels, it may pave the way for a rise to $0.29. Conversely, a return to the $0.19 level could threaten the stability of the current trend.
The activity of Dogecoin large holders and price levels create uncertainties for short-term forecasts. However, most analysts maintain a positive outlook on the token's long-term prospects.
