Over the past two weeks, Dogecoin has seen a significant price surge mainly due to the activity of large investors known as 'whales'. These price changes have been accompanied by increased trading activity in the futures market.
Massive Buys by Dogecoin Whales
The substantial purchases made by large investors have been a major factor influencing market direction. Analyst Ali Martinez reported that whales acquired 200 million Dogecoin in just two weeks. This increased buying pressure has strengthened market expectations for further price increases.
Growth in Futures and Volume
Significant developments are occurring in the futures market. According to data, open positions in Dogecoin futures have increased by 6%, indicating a growing number of new positions from investors.
Future Prospects for Dogecoin
Market expert Trader Tardigrade expressed that the DOGE price has reached a 'final stage' and signals a potential significant upward movement. Technical indicators also support this perspective.
The activity of large investors continues to be a key factor in Dogecoin's price formation. Amid increased volumes and interest in the futures market, investors maintain a positive outlook.
