đš Ali Martinez has detected an increase in large $DOGE transactions, suggesting that "whales" and institutional players are positioning themselves for a possible price rally.
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đIncrease in large transactions
The number of large transactions on the Dogecoin network continues to rise, indicating that institutional investors and DOGE whales are preparing for an upward move.
đMass accumulation by whales
Last week, crypto whales accumulated over $100 million worth of DOGE in just 24 hours, acquiring over 1 billion Dogecoin tokens, equivalent to approximately $108.7 million.
đWill Dogecoin repeat its history of great rallies?
Martinez suggests that Dogecoin could be on the cusp of repeating its cycle of massive rallies, similar to what happened in 2017 and 2020. The token could break out of a multi-year descending triangle, experience a 200% rally, a 60% correction, and then start a bull run.
đPrediction: Dogecoin could surpass its all-time high
The analyst predicts that Dogecoin could surpass its current all-time high of 0.7316, with the possibility of the token reaching levels above 2 if this uptrend continues.
đSummary
The increase in Dogecoin network activity, coupled with massive accumulation by whales, could be a sign that DOGE is gearing up for a significant new rally in the coming months.
