Dogecoin's current mysterious trend may trigger a new round of surge

Market analysts have found through in-depth research that if Dogecoin (#doge⚡ ) repeats its past trend, its price is expected to soar to $0.75 by January 2025. This prediction is based on a comprehensive analysis of historical data and current price trends, making it well-founded and promising.

On-chain data reveals actions of large holders

On-chain data shows that large holders of Dogecoin are actively positioning themselves. According to Messari's data, the number of whale investors holding over 1 million DOGE has significantly increased, and total holdings have reached a historic high of 130.17 billion coins. This phenomenon is highly similar to the market movements before the surge of Dogecoin in 2021, indicating that large holders are betting on the future potential of DOGE.

Market atmosphere overlaps with history

Recently, Dogecoin's price has stabilized around $0.4 after a wave of increase, fluctuating slightly between $0.39 and $0.48. The current market atmosphere is reminiscent of the situation before the surge of Dogecoin in early 2021, suggesting that the market may be building momentum.

Technical indicators hide opportunities

From a technical perspective, Dogecoin's weekly Relative Strength Index (RSI) has exceeded 70, which usually indicates that the price may adjust or continue to consolidate. However, reviewing the trends of 2021, Dogecoin experienced sustained increases under similar circumstances. If historical patterns repeat, based on Fibonacci retracement predictions, #doge⚡ may rise to $0.75 by January 2025, with an increase of up to 85%.

Large holders' positions safeguard the price

The strong confidence of whale investors in Dogecoin provides solid support for price increases. With the rise in market sentiment and continued buying by large holders, Dogecoin's future performance may be eye-catching. #doge⚡