Cryptocurrency analyst Ali Martinez has stated that Dogecoin (DOGE) has entered a parabolic bull run. One strong sign of this is that whales are buying millions of Dogecoin, which he confirmed in a post on November 15, 2024. He even ventured to say that the price could reach between $2.40 and $23.26.
In a post on his X status on November 15, 2024, a Dogecoin whale was tracked buying 140 million DOGE in the past 24 hours alone. That’s about $56 million worth of cryptocurrency!
He boldly stated that the market seems more enthusiastic about buying Dogecoin than Bitcoin.
“As Dogecoin prepares for a historic bull run, crypto enthusiasts seem to favor DOGE over BTC,” he said.
Technically, it is believed that the cryptocurrency with the symbol of the Kaboso dog has not yet reached the overbought zone.
In an analytical image he published, he indicated that the price may target between $2.40 and $18, based on a post he made on November 12, 2024.
However, he warned that with such a large price forecast for DOGE, the market should be prepared for a very sharp correction.
It is noteworthy that Dogecoin reached its all-time high price on May 8.
$2021, at $0.7376. Currently, it is down 46.54% from that record.