Dogecoin climbs 30 percent weekly gain signals explosive rally

Miners profitability rises and whales accumulate 230 million DOGE as Dogecoin eyes a potential breakout this weekend

Dogecoin climbs 30 percent weekly gain signals explosive rally

Dogecoin has risen 8.98% in the last 24 hours and 30.37% over the week according to market data. An AMBCrypto analysis points to rising miner profitability on the Mining Equilibrium Index, suggesting a rally as mining margins improve. The Bubble Risk metric shows DOGE is not in an overheated zone, which may indicate room for further gains without a sharp selloff.

Whales have bought 230 million DOGE, tightening the available supply and supporting upside risk. With no large capitulation signals from the Hash Capitulation Oscillator or Market Capitulation Oscillator, the market has not turned fearful, leaving room for a cautious up move even as prices still trade far from the all time high.

The current move reflects short term momentum and on chain signals rather than a durable trend. Rising miner profitability and whale accumulation are two drivers, but sustainability depends on broader market sentiment and liquidity.

If the hype remains confined to meme narratives, the rally could fade quickly. Regulators and larger investors watching memecoins may temper enthusiasm, keeping risk in balance.

Highlights

DOGE moves show how signals can drive moves in crowded markets.