Despite the downward price action, the Dogecoin (CRYPTO:DOGE) has seen a significant increase in whale activity, fueling speculation among traders of an impending bull phase.
| Cryptocurrency | Prix | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin (CRYPTO: DOGE) | 0,3167 $ | $46.7 billion | -4,2 % | -12,6 % |
| Shiba Inu (CRYPTO:SHIB | 0,00002171 | $12.8 billion | -5,4% | -9,7 % |
| Pepe (CRYPTO:PEPE | 0,00001738 | $7.3 billion | -6,9 % | -9,3 % |
Analyst Notes: Javon Marks highlighted historical patterns suggesting that Dogecoin could rise beyond the 1.618 Fibonacci extension level, as has been the case in previous cycles. If this scenario plays out again, DOGE could surge 570%, reaching $2.28 or more.
Crowtrades remains confident, stating that “$1 is a promise”.
Trader Tardigrade, another trader, observed consolidation patterns similar to those preceding Dogecoin’s January 2021 pump. He predicts that January 2025 could mark another explosion.
Statistics: Data from Coinglass indicates that Dogecoin’s short liquidations, amounting to $845,000, are the lowest since October 25.
Crypto chart analyst Ali Martinez noted in a post on X this Wednesday that whales had purchased 270 million DOGE over the last four days. This raises the curiosity of traders, as a significant movement of the whales could imply an upcoming uptrend for the meme cryptocurrency.
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