The post Expert Says Dogecoin Price Will Rally, But Whales Dump DOGE. Should You Buy? appeared on BitcoinEthereumNews.com.

Dogecoin price is still stuck in a bear market after crashing by almost 70% from its last year’s high. This performance is happening as on-chain data shows that whales are capitulating and dumping their tokens. Still, one popular crypto analyst believes that the DOGE price will bounce back if it flips a key resistance level.  Analyst Explains How Dogecoin Price Rises as Whales Capitulate Third-party data shows that DOGE whales have continued selling their positions as the coin crashes in a bear market. According to Santiment, these whales have been in a selling spree since April 4, a trend that is gaining steam. They have sold billions of tokens in this period.  Another data shows that the network realized profit/loss has crashed to minus 107.3 million. It has remained in the negative zone since February this year. The NPL is a popular data that shows the aggregate profit or loss realized by all holders of a token in a certain period.  A negative figure means that these tokens are moving at a loss, implying capitulation.  Still, one crypto analyst believes that Dogecoin price may bounce back soon. In an X post, Olivier Maximus, an anonymous trader, noted that the Dogecoin price was still in a downtrend. However, he predicted that a bullish breakout will be possible if it prints a new higher low. If this happens, the coin will eventually jump to $0.35, up by 130% from the current level.  Dogecoin Price Forecast Other crypto analysts are bullish on DOGE price. In an X post, Steph is Crypto, a popular user with over 150k followers, predicted that it would surge to $1 in the next 2 to 3 months. He pointed to the weekly chart, which shows that it has been forming a series of higher highs and higher lows…

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Filed under: News - @ April 16, 2025 11:22 pm