Dogecoin (Doge) investors are on a huge rise! In the last 24 hours, Dge whales have purchased 180 million coins. Analysts say that these purchases can point to a large rally in the price of Dogecoin. So, can Dge really increase 5 times?
Whale Movements give a rise signal for Dogecoin
According to Analyst Ali Martinez, Dge whales made a large amount of purchases in the last 24 hours. These transactions took place at a time when the price fluctuated at the level of $ 0.20.
The purchase of large investors from the bottom points to the potential of the rise of the price. Despite market volatility, the purchases of these whales show that the confidence in Doge has increased.
Why is the market wavy?
Dge, 6 %in the last week and 19 %in the last month decreased to investors disappointed. The main reason for this decline was that Trump brought new tariffs to imports from China, Canada and Mexico.
These developments created uncertainty in global markets. Bitcoin fell from $ 99,000 to $ 78,000. However, the market recovered in a short time and the Altcoins tended to rise.
Dogecoin price is preparing for rise
As we investigated as Kriptokoin.com, the Dogge price increased by 3 %today and rose to $ 0.1990. The lowest level during the day was $ 0.1837 and the highest level was 0.2036 dollars. This rise shows that investors have begun to intimidate their concerns about trade wars.
Analysts say that Dogge has returned to the long -term average. Technical indicators indicate that the price is at the bottom level and that a recovery may be close.
Can Doge increase 5 times?
Famous analyst Cryptoelltes said that Doge gives strong signals for a 5 -fold increase. Especially whale purchases and technical formations support this rise. In addition, the expectations of DOGE ETF approval excite investors. If corporate investors adopt Dogecoin, the price is expected to reach the summit by 2025.
If this scenario occurs, DEGE may sign new records in terms of market value. However, investors should be cautious about market fluctuations and should not ignore risk management.
