The mysterious whale quietly transferred 56405618423, has the bull market horn been quietly sounded?

DOGE has recently experienced a significant drop, falling directly from a high of $0.424 to $0.365. Although it has rebounded slightly to $0.392, it is still 6.15% lower than the peak. Amidst this wave of declines, some big players, whom we call "whales," have been quietly transferring large amounts of Dogecoin.

Reports indicate that over 61 million Dogecoins, valued at $23.5 million, have moved from a mysterious wallet to the Robinhood platform. Following that, nearly 85.4 million DOGE, worth approximately $32.9 million, were also transferred.

The movement of these whales has ignited the market like a spark, with everyone wide-eyed, fearing they might miss any opportunity for a price increase. However, this maneuver by the whales may also make Dogecoin's price more unstable, and in the coming days, the price could fluctuate like a roller coaster, which could be quite thrilling.

Speaking of price, a big player named Martinez believes that the bull market for Dogecoin has just begun. He even predicts that in this bull market, Dogecoin could rise all the way to $3, and in the long run, it might even touch the $18 mark! He sees it this way because the weekly chart for Dogecoin indicates it still has substantial upward potential. Of course, he also mentioned that there might be some minor setbacks before the rise.

From a technical analysis perspective, the Tardigrade team has discovered that Dogecoin recently broke through a triangular pattern, which is a good omen for price increases. After the breakout, Dogecoin's price has not dropped significantly, suggesting it may be gearing up for a big move.

If Dogecoin can return to the upper boundary of that triangle, around $0.44, it would be a good buying opportunity. Tardigrade even believes that the price could eventually rise to $0.65, which would represent a 50% increase from the current price!

As for the future of Dogecoin, some believe it might first rise to $8 to $10 and then drop back. At that time, it could present a great opportunity for long-term holders to buy at a lower price.

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