In recent days, Dogecoin (DOGE) has shown significant growth, driven by the activity of large holders and positive technical indicators. According to analyst Ali Martinez, on January 3, 2025, large investors acquired more than 1.08 billion DOGE, equivalent to approximately $413 million. The next day, one of the large holders transferred 5 billion DOGE (around $2 billion) to an unknown address, becoming the fourth largest holder of this cryptocurrency.
The analytical platform Santiment notes an increase in the number of transactions with Dogecoin for amounts exceeding $1 million over the past week. Technical indicators also suggest a possible increase in the value of DOGE. The Relative Strength Index (RSI) rose above 70, indicating a strong bullish momentum. Additionally, the price of DOGE has surpassed the 50-day and 200-day moving averages, which is typically seen as a buy signal.
However, experts warn of potential volatility and advise investors to exercise caution, considering the historical volatility of the cryptocurrency market.
