Dogecoin whales hoard again and you rumor from the course of the course for triple
- Dogecoin whale accumulate token and signal increasing course. The technical indiacts also suggest a course increase.
- The activity of the whales indicates the course of the Dogen token, with a price target of $ 0.5.
Dogecoin (Doge) hit waves on the crypto market with increased whale activity and a number of positive indicators that indicate a pricing pump. Whales have gathered in the past few days and everything speaks of the possible outbreak.
Analysts are of the opinion that this drives the Doge course up, with some predicting an early price explosion by a factor of 3.
One of the main reasons for this optimism is the activity of the whales. According to the crypto analyst Ali Martinez, Dogecoin-Wale bought around 1.83 billion tokens in just 2 days, which corresponds to around $ 640.5 million.
Whales bought over 80 million #Dogecoin $DOGE in the last 24 hours! pic.twitter.com/2PmXS2iJRQ
— Ali (@ali_charts) April 11, 2025
These purchases are a clear sign that large investors position themselves for a price increase. Martinez resists that small investors flock to newer memoins in droves, while whales buy in silent dog. This positioning could change the market dynamics and create the conditions for a large price movement.
The Dogecoin looks good at short notice. Doge has increased by 3% in the last 24 hours and has broken through the important support at $ 0.165. This is an outbreak and Doge could increase even higher, with price targets of $ 0.35 and $ 0.50 in the coming months.
Technical analysis also signals outbreak
The technical indicators also indicate that Dogecoin is preparing for an outbreak. Loud CryptoElites Forms Doge a classic triangular outbreak pattern, which in the past followed large price movements.
The diagram says that the price could increase up to $ 5 if it breaks out. This is supported by the consistency of the pattern, since similar symmetrical triangles have led to course increases in the past.
In addition, the price development of Doge agrees with this outbreak. The cryptocurrency forms a falling wedge pattern, a technical setup that often leads to a price upswing. In addition, an interest bully divergence in the relative strength index (RSI) means that the downward dynamics will deteriorate and the price will reverse.
In the event of an outbreak, the empty sellers are caught and the course will increase at short notice. The open interest in DOGE-Futures has also increased by 5.62 % to $ 1.50 billion, which shows that more and more retailers are optimistic. If this technical data matches, the chance that the Dogecoin will break through its resistance levels will be more likely.
For Dogecoin, the traffic lights show green until further notice
Apart from the technical and WAL activities, the on-chain metrics show signs of life for Dogecoin. The network is currently recovering a rise in the Daily active addresses With 68,324 active users and 40,514 transactions.
Although these figures are below the high of 2024, the constant increase in network activity means that more and more people are interested in the token. Historically, an increase in on-chain activity was preceded by speculative price movements, so this is further proof that Doge is preparing for a rally.
In addition, strategic developments related to the introduction of Dogecoin contribute to the positive mood. One of these developments is the application for a Dogecoin ETP at the US stock exchange supervision SEC from 21Shares in cooperation with the House of Doge. If it is approved, this offers investors a regulated way to get involved in Doge and potentially opens the door for institutional investors.
As reported by CNF, ETF-related developments have led to short-term price tips in the past, and this submission will make Dogecoin more legitimate in the eyes of investors. Dogecoin looks good with increasing whale activity, bullish technical data, growing on-chain engagement and institutional developments. When this dynamic continues, analysts predict a price increase of 250 % by December 2025, with Doge increasing to $ 0.61.
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