Dogecoin’s ($DOGE ) bullish momentum and increased whale activity have sparked discussions about whether the meme coin could reach the $20 milestone in this bull cycle. Analysts suggest historical patterns and technical indicators could support a significant price surge.

Crypto analysts Javon Marks and Ali Martinez believe DOGE has the potential to skyrocket during the current bull run:

  • Past Rallies: DOGE saw a 90x gain in 2017 and an astonishing 306x surge in 2021. If it follows similar patterns, it could shoot past $20.

  • Fractal Patterns: Martinez highlights recurring symmetrical triangles and Fibonacci retracement levels in DOGE’s history, suggesting the next breakout could take prices between $4 and $23.

These trends indicate that DOGE may repeat its historical cycles, with significant upside potential driven by market momentum and investor sentiment.

Source: X
Source: X

Whale Activity Hits $23 Billion

Whale transactions have surged, with over $23 billion in large trades within 24 hours—a 41% increase. Key highlights include:

  • Whale Accumulation: 90 million $DOGE purchased in just two days, boosting market liquidity and confidence.

  • Ecosystem Engagement: This spike in transactions underscores institutional and large-scale investor interest, strengthening DOGE’s position in the current bull market.

On-chain data from IntoTheBlock confirms that heightened whale activity is a strong indicator of ecosystem growth and market stability.

Price Rebound Signals Bullish Momentum

DOGE recently rebounded from a weekly low of $0.3097 to $0.3283, indicating strong buying interest. Technical indicators support a potential bullish trend:

  • MACD Crossover: Momentum shifted upward as the MACD line crossed above the signal line.

  • Bull-Bear Power (BBP): Positive readings suggest bulls are in control.

  • Support Levels: The rebound marks a potential floor for DOGE, with traders eyeing higher resistance levels for a breakout.

Will DOGE Break $20?

DOGE’s current bull cycle, coupled with increased whale activity and bullish technical indicators, sets the stage for potential major gains. Key factors to watch include:

  • A sustained breakout past $0.40 and $4 as stepping stones to $20.

  • Continued whale accumulation and rising DEX trading volumes.

  • Broader crypto market trends supporting meme coin rallies.

What’s your price prediction for Dogecoin in this bull cycle? Share your thoughts below!

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