Recent events in the Dogecoin market have drawn attention to the active accumulation of tokens by whales and optimistic forecasts from analysts. This creates conditions for potential price growth in the coming days.
Whales Accumulating DOGE Tokens
Following recent sell-offs in the crypto market, whales have begun actively accumulating Dogecoin. Observations indicate that a new wallet that withdrew 32.9 million DOGE purchased another 20 million DOGE on the Binance exchange, bringing its total holdings to 52.9 million DOGE valued at $11.71 million.
Analysts Predict Massive Dogecoin Price Rise
Analyst Ali Martinez predicted that the price of Dogecoin could see significant growth if it breaks above the $0.23 level. He noted that following a breakout above the symmetrical triangle pattern, the price could surpass $0.30. Additionally, buy signals appeared on the TD Sequential indicator.
Dogecoin Price Rises Over 4%
In the last 24 hours, DOGE's price increased by more than 4%, trading at $0.22 at the moment. However, trading volume has dropped by 31%, indicating decreased interest from traders and retail investors.
Current data suggests that the active accumulation of Dogecoin by whales, along with optimistic predictions from analysts, could create conditions for favorable price growth in the coming days.
