Dogecoin Whale Activity Sparks Price Surge: What’s Next for DOGE?

Dogecoin Price (DOGE) has rebounded with a 6% increase after a significant dip last month. With whales accumulating over 1 billion DOGE coins since February 27, DOGE is showing bullish momentum, raising questions about its future.


Whale Accumulation Drives Price Up

Since February 27, large holders of Dogecoin have accumulated over 1 billion DOGE, leading to a $0.24 price increase. However, the price retraced to $0.22, still below the falling upper trendline on the daily chart. Despite the pullback, shifting market conditions may spark future gains.

On-Chain Data Shows Bullish Potential

On-chain data suggests a positive outlook for Dogecoin. At the end of February, DOGE seemed poised to fall below $0.20 but quickly rebounded to $0.24 over the weekend. While DOGE pulled back to $0.22, this may be temporary.

Whales Continue Accumulating DOGE


Santiment reports that addresses holding between 100 million and 1 billion DOGE coins have increased their balance from 24.26 billion to 25.32 billion since February 27. This shows whales bought over 1 billion DOGE during the dip, worth about $275 million.

What Does This Mean for DOGE's Price?

Historically, increased buying pressure from large holders often leads to price surges. However, if whales sell off, it could trigger a price correction. The next few days will determine whether DOGE continues its uptrend.

Can DOGE Keep Rising?

Dogecoin is at a critical point. While it retraced to $0.22, whale accumulation and market conditions suggest further gains are possible. If this trend continues, DOGE could rise again.

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