📈 Dogecoin Price Soars 6% Today (12/12/24): DOGE Predicted to Soar to $3 to $18!
Dogecoin price DOGE6.35%-> again showed positive performance with an increase of 6% today, December 12, 2024, encouraging optimism among investors.
Analysts project the potential for DOGE to increase to $3 in the near future, with a more ambitious long-term target of reaching $18.
With solid technical support and intense whale activity, will Dogecoin be able to continue this momentum and set a new record?
🔍 Dogecoin Whale Activity Triggers Price Rally Speculation
On December 11, 2024, a large transfer of Dogecoin (DOGE) caught the attention of market players. Based on Whale Alert data, more than 61 million DOGE worth nearly $23.5 million was transferred from an unknown wallet to the Robinhood platform.
🚨 61,160,251#DOGE($23,493,325) transferred from unknown wallet to #Robinhoodhttps://t.co/tVZiVALBCQ
— Whale Alert (@whale_alert) December 10, 2024
Shortly after, another large transfer occurred with nearly 85.4 million DOGE worth around $32.9 million. This large transaction comes amidst increasing market interest and could be an indication of significant developments for Dogecoin's price.
🔍 Will DOGE Price Surge to $3?
Crypto analyst Ali Martinez recently stated that Dogecoin is still in the early stages of its bull cycle. He projects a potential price increase of up to $3 in the current bull run, with a more optimistic long-term prediction of up to $18.
Martinez based his prediction on the regression channel on the weekly chart, which shows that DOGE still has room to move higher. However, he acknowledged that the market may face some fluctuations before reaching that price level.
Despite the recent decline in Dogecoin prices, the medium to long-term outlook remains optimistic.