📈 Whales Accumulate 550 Million DOGE
Dogecoin’s recent rally is gaining momentum as whales accumulate vast amounts of DOGE. According to Santiment, high-net-worth investors have purchased over 550 million DOGE since January 1, worth more than $245 million. In the past few months, whales have accumulated a staggering 22.49 billion DOGE, showcasing their confidence in the token’s future. This accumulation during consolidation hints at a significant price surge ahead.
🔢 Fibonacci Extension Points to $1
Using the Fibonacci Extension tool, DOGE’s price target aligns with the 361% extension level at $1.0790. This analysis connects key swing points from November and December, highlighting $1 as a realistic long-term target. The tool reinforces optimism for DOGE’s potential upward trajectory, bolstered by positive market conditions.
🚀 Bullish Pennant Pattern Signals Breakout
The weekly chart reveals a bullish pennant forming, starting with DOGE’s September low of $0.0837 and climbing to $0.4840 in November. This symmetrical triangle pattern suggests an imminent breakout. If DOGE surpasses $0.4840, it could rally 80% to its all-time high of $0.7447 and then aim for the psychological $1 mark.
💡 Key Considerations
This prediction is based on a weekly chart, indicating the $1 milestone may take time. However, if DOGE falls below $0.25, the bullish forecast could be invalidated. Patience and monitoring are essential as DOGE approaches these critical levels.
⚠️ Disclaimer
This analysis is for informational purposes and does not constitute financial or trading advice. Always do your research before investing.
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