The price of Dogecoin (DOGE) has experienced a significant decline in the last 24 hours. DOGE, which saw a peak of $0.424 during the day, then fell to its lowest level at $0.3668. This price fluctuation increased investors' interest in DOGE.$DOGE
The transfer of large amounts of DOGE by large investors, known as "whales" in the market, has attracted attention. According to Whale Alert data, approximately 61 million DOGE was transferred from an unknown wallet to the Robinhood platform. Other large-volume transactions then took place. While the total value of these transfers reaches millions of dollars, market participants are speculating on how these large transactions will be reflected in price movements.
Crypto analyst Ali Martinez stated that DOGE’s uptrend is still in its early stages. According to Martinez, DOGE could rise to $3 or even $18 in the long term. Analysis on weekly charts also seems to support these expectations.
Another analyst, Tardigrade, stated that DOGE broke the symmetrical triangle formation and entered an uptrend. Tardigrade said that the DOGE price pulling back to $0.44 could create a new buying opportunity for investors. He also emphasized that DOGE's price could rise to $0.65 and that this level carries a 50% profit potential.
In the Dogecoin market, major investor movements and the impact of technical analysis continue to be the main factors determining the future of this cryptocurrency. Whale activity and bullish scenarios on the charts are causing a careful monitoring of the future of DOGE.