Analyst Predicts Dogecoin (DOGE) Price to Hit $1.1 as Whales Accumulate 100M DOGE
The post Analyst Predicts Dogecoin (DOGE) Price to Hit $1.1 as Whales Accumulate 100M DOGE appeared on BitcoinEthereumNews.com.
As the Dogecoin price consolidates, there are rising possibility that it may short-squeeze in the near term. An analyst has identified a unique chart pattern and boosted his target to $1.1, up by 510% from the current level. Further, there are signs that whales have accumulated the coin slowly. Crypto Analyst Sees the Dogecoin Price Soaring to $1.1 Dogecoin price today trades at $0.18, a level it has been stuck at in the past few weeks. While the coin is not showing any bullish trend on the short-term charts, an analyst believes that it is in a long-term bull run that could see it cross the psychological point at $1, and then hit $1.1 eventually. The analyst cited the weekly chart below and drew two trendlines. The lower line connects the lower highs since October 2023. Likewise, the upper side of his chart links the key levels at $0.23 and $0.50. He then identified the first wave between October 2022 and the highest swing in April 2024. This wave was about 290% surge. The second wave ran from its September low and its December 2024 high. After dropping to the lower side of the giant megaphone pattern, the analyst predicts that the next pump will push it to $1.1. He expects this DOGE price prediction to push it to happen in September this year. Dogecoin Price Forecast Whales are Accumulating DOGE The bullish Dogecoin price outlook likely explains why whales have continued to accumulate it in the past few months. In an X post on May 1, Ali Martinez noted that whales had bought 100 million DOGE in the last week alone. At the current price, these coins are worth over $18 million. A deeper dive shows that whales have been accumulating it since March 7. At the time, the…
Filed under: News - @ May 3, 2025 4:25 am