Mysterious whale quietly transfers DOGE, is the bull market signal beginning to emerge?

Recently, DOGE has faced a setback, dropping from a high of $0.424 to $0.365. Although it has since rebounded to $0.392, it is still 6.15% lower than its peak. However, during this decline, some large players known as 'whales' have been quietly positioning themselves by transferring large amounts of Dogecoin.

According to reports, a mysterious wallet transferred over 61 million Dogecoin to the Robinhood platform, valued at $23.5 million; subsequently, nearly 85.4 million DOGE (approximately $32.9 million) was transferred. The actions of the whales instantly ignited market enthusiasm, and investors are holding their breath, fearing they might miss the opportunity for a price increase. However, this dynamic may also exacerbate the volatility of Dogecoin's price, with fluctuations expected in the coming days.

Regarding the future trend of Dogecoin, some experts hold an optimistic view. Martinez believes that the Dogecoin bull market is just beginning, and he even predicts that during this bull market, Dogecoin could rise to $3, with a long-term potential to reach a high of $18. His judgment is based on positive signals from Dogecoin's weekly chart, though he also cautions that there may be minor pullbacks during the upward movement.

Technically, the Tardigrade team points out that Dogecoin has broken through a triangular consolidation pattern, which is a positive signal for price increases. After the breakout, Dogecoin's price has remained firm and seems poised for a rally. If Dogecoin can return to the upper boundary of the triangle, around $0.44, it would be an excellent buying opportunity. Tardigrade also predicts that Dogecoin's price could eventually rise to $0.65, a 50% increase from the current price.

Regarding Dogecoin's long-term prospects, there are opinions suggesting it may first rise to $8 to $10, followed by a pullback. For long-term investors, this would be a good opportunity to enter the market.

Additionally, the Musk-themed puppies on the Ethereum chain (ending in 6eb2), regarded as the strongest IP, are being seen as the next potential SHIB.