Dogecoin Price Anticipates 830% Rally Following Increased Whale Activity
Dogecoin (DOGE) has gained 35% in the last month, currently trading around $0.23. Analysts predict an 830% upside potential, with a price target of $1.42 to $2.11. Key points include:
- Analyst Javon Marks predicts a strong likelihood of DOGE breaking its all-time high of $0.73905, suggesting a rally over 226% is probable.
- Whale activity increased, with significant purchases totaling 130 million DOGE recently.
- The price corrected by 20% after hitting resistance at $0.28 but shows signs of a potential reversal.
- Trader Tardigrade notes a "Spinning Top" candlestick pattern on the daily chart, indicating a possible shift in market sentiment.
- Zach Pandl from Grayscale highlights that DOGE's recent surge reflects increased risk appetite among crypto traders rather than fundamental changes.
Additionally, attention towards meme coins is rising, with Snorter Bot (SNORT), a trading bot for Solana meme coins, gaining interest during this trend.
Current presale stats for SNORT include:
- Price: $0.0997
- Total raised: $2.57 million