The year 2025 kicked off with a bang for Dogecoin (DOGE), as the popular memecoin surged nearly 15% to $0.39. This sudden pump was driven by a large number of Whales buying in and an astonishing 190% increase in volume in just 24 hours. However, crypto analysts believe this may just be the beginning, predicting even greater rises for DOGE in the near future.

Whale buys a large amount of Doge:

One key factor behind the recent surge of DOGE is that the encryptionWhale has purchased a massive amount of 1.08 billion DOGE. According to renowned analyst Ali Martinez, this large purchase reflects strong confidence in the token.

With the purchase of Whale, the volume of Dogecoin has risen by 190%. However, despite the outflow of $35 million in DOGE, market sentiment remains bullish, with analysts predicting a 22% pump in price in the short term.

To make matters worse, rumors linking Dogecoin to Trump's inauguration ceremony have also spread. Some speculate that Elon Musk's support for Dogecoin and Trump may be the reason behind the surge in Dogecoin.

DOGE key indicators turn bullish

Well-known encryption currency analyst Crypto Surf recently tweeted that the 3-month super trend indicator for Dogecoin (DOGE) has turned bullish.

Despite the indicator being bearish since January 2022, even during the 87% pump of Dogecoin in March and the 161% pump in November 2024. However, it turned positive in January 2025, implying that DOGE may enter a bullish phase.

The last time this indicator turned green was in April 2017, leading to a massive pump of 5,587% in January 2018, and another surge of 3,837% to $0.7390 in May 2021. If history repeats itself, DOGE may experience another significant pump. Currently, the price of DOGE is around $0.389, with a 14.65% pump in the past 24 hours and a 23% pump in the past week.