🐶 Dogecoin (DOGE) Price Surges Another 7%, Preparing for a Parabolic Rally
📰 Highlights of the Story
🐳 Dogecoin whales bought 1.4 billion DOGE in the last two weeks
📈 Dogecoin's price pattern resembles the 2018-201 bull run with a parabolic rally ahead
💰 DOGE open interest surpassed $2 billion during the current price surge
🌍 The world's biggest meme coin, Dogecoin (DOGE), has shown strong growth, rising over 25% in the past week.
📅 On Sunday, March 31st, DOGE's price rose by an additional 7.29%, reaching $0.2156, with a market cap exceeding $30 billion.
📈 Since the start of 2024, DOGE has already surged by 134%.
🐳 Dogecoin Whale Activity Surges
📊 On-chain data provider Santiment noted that DOGE's strong momentum is fueled by robust whale activity.
💬 Currently leading as the top meme coin by market cap and ranked 8th overall in the crypto market, DOGE's recent rise is linked to significant dormant whales re-entering the market and moving their DOGE holdings.
🔄 Interestingly, this surge lacks the typical FOMO sentiment that usually precedes market peaks, indicating there's more momentum left in this rally.
