Dogecoin, often hailed as the king of meme coins, has captured the crypto world’s attention with an impressive price rally. Since November, Dogecoin has surged by a remarkable 155.25%, reigniting investor enthusiasm. Technical indicators and historical data suggest that this rally might only be the beginning. Prominent crypto analysts believe DOGE is on the verge of a parabolic bull run, fueled by growing whale activity and increasing retail interest.
Whale Movements Signal Bullish Momentum
Recent metrics reveal significant whale activity surrounding Dogecoin, solidifying its position as one of the most sought-after cryptocurrencies. On November 15, data shared by analyst Ali highlighted that whales purchased a staggering 140 million Dogecoins within just 24 hours. Such substantial acquisitions are driving upward pressure on DOGE’s price, signaling strong confidence among institutional investors.
