Dogecoin Price Surges as MEME Coins Inc. Acquires 1 Billion Tokens

Dogecoin (DOGE) continues to be in the spotlight in the crypto space, with MEME Coins Inc., a subsidiary of Dogecoin Cash, Inc., announcing that it has purchased one billion DOG tokens from Tipestry, Inc. This acquisition demonstrates the increasing degree of institutional interest in meme-driven digital assets, along with their new place within the blockchain ecosystem as a whole leading to a Dogecoin price surge. This transaction, completed through the purchase of preferred shares, increased the total DOG holdings of MEME Coins Inc. to 2.02 billion DOGE and diversified its influence in this segment. 

Market Reaction and Trading Activity

After the announcement, DOGE market trends show that prices soared in response to the whale-sized purchase, resulting in a significant Dogecoin price surge. Historically, a significant token movement by an institutional player has affected market sentiment in the past, resulting in long-term price volatility. Some traders think this is a positive development, as it shows confidence in DOGE long-term. Other traders are more cautious, particularly regarding liquidity and stability. Social media discussions, along with on-chain data, are showing increased whale activity, which is just leading to more questions and speculation about the next days, weeks and months regarding DOGE.

Potential Impact on DOGE’s Price

The purchase raises questions about how DOGE’s price action will progress in the coming weeks. If market sentiment about the purchase remains bullish, we may see upward price action fueled by retail and institutional purchasing. If traders harvest profits, we could see short-term selling. As the overall crypto market adjusts to the acquisition, some key technical indicators and resistance levels will stand out in determining DOGE purchase price action going forward. Now, let’s analyze the latest DOGE market trends and key technical indicators to assess where it might be headed next. 

Price Analysis and DOGE Price Prediction

The market was in a bullish mood at the beginning of the March 23 trading session, with a modest uptrend channel. A death cross appeared at 03:15 UTC, which caused a minor price correction. Nonetheless, the upward trend channel persists. A golden cross that emerged at 05:45 UTC increased the bullish momentum and drove prices higher.

A price correction was indicated around 8:10 UTC by the appearance of a death cross and an RSI overbought signal. However, the purchase side swiftly overcame the negative signal and kept the market rising. The coin values moved into a trading zone by 16:45 UTC, with the important resistance and support levels being $0.175 and $0.169, respectively.  

Chart 1, Analyzed by Alokravantmedia published on March 24, 2025.

With sporadic sell-side opposition, the prices in the new trading zone maintained their upward trajectory. At 18:35 UTC, a clear golden cross emerged, igniting a powerful bull run and adding more purchasing momentum. Soon after, the prices start to move in the direction of the new resistance level. The prices briefly hit the resistance level at the beginning of the new trading day on March 24 before a death cross materialized around 1:00 UTC. By 02:15 UTC, a golden cross had formed, and the price had swiftly rebounded from its decline to $0.171. This time, the bullish momentum entered a new trading area and pushed for a breakout.  

DOGE’s Outlook: Sustained Momentum or Impending Correction?

The recent Dogecoin price surge, following the large buyout from MEME Coins Inc., has created a stir. Increased trading and the presence of key technical signals (including golden and death crosses) suggest more volatility is on the way. We are still bullish on Dogecoin, but the key resistance level will be $0.175 and support $0.169. If the buying continues, we could break out of the range, confirming the additional price increase, but if we pull back to this support, it could mean traders are taking profits or possibly consolidating the price. The DOGE price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.