The meme coin is making serious moves, with whales snapping up over $6 billion DOGE in the past few days, sparking bullish sentiment.
Whale Activity:
On Jan. 3, whales purchased 1.08 billion DOGE worth $413M.
A 5 billion DOGE transfer made one whale the 4th largest holder in the ecosystem.
Market Signals:
Daily Active Addresses: A noticeable spike reflects growing interest and positive sentiment.
Elon Musk Effect: Speculation grows around Musk’s rumored “X Money” plans, adding fuel to the rally.
Open Interest in DOGE Derivatives: A 50% surge suggests increasing demand for futures trading.
📈 Technical Outlook:
Analysts eye a continued rally, with $0.41 as the next target. Could this be the start of DOGE’s journey to $1?
💬 Your Thoughts?
Will DOGE hit $1, or is this just another meme-fueled hype? Let’s discuss!
