The breast coin industry, where speculation in the crypto currency market is intense, maintains its strong stance in Dogecoin (DEGE). The increasing interest of whales in recent days has led to a significant recovery in the Doga price. According to analysts, Dogecoin can reach new peaks in the coming period.
Can the Dogecoin (Doge) price reach $ 0.5 again in the short term?
Crypto analyst Coinvo said that the “round bottom” formation occurred on Dogecoin’s weekly chart and said that the price could make a paraboolic rise for $ 0.5. Coinvo said that he gave rise signals for Doge in his analyzes earlier and said, “Everything will move upward,” he said.
On the other hand, the famous analyst Crypto Tony said that Dogecoin will reach $ 0.5, but then he could have a withdrawal.
Whale purchases support the price of DEGE
According to crypto analyst Ali Martinez, large -scale investors, ie whales, purchased more than 100 million Dogecoin in the last 24 hours. This movement shows that investor confidence has increased and the demand for Doge has risen.
Speed -over data confirms that whales benefit from the latest market collapse. For the last three days, the Doge price has declined, while investors have accumulated millions of domes using the “buying from the bottom” strategy.
Analyst Ali set an aggressive target for Doge in his previous statements. According to him, if the cost of the Dogecoin remains above $ 0.19, it can rise to $ 10. Dogge, which is currently traded at $ 0.25, remains unclear whether it can reach this ambitious goal.
Dogecoin leads the recovery of the breast coin market
After the last crypto market collapse, the value of the breast coin market fell to $ 75 billion. However, Dogecoin and other breast coins show signs of recovery within the last 24 hours. As of the moment, the DOGE price is at the level of $ 0.2501 and increased by 2.2 %in the last 24 hours. However, it is still 22.6 %on a weekly basis. Other memecoins are also recovering:
- Shiba Inu (SHIB) gained 2.1 %in the last 24 hours, while the weekly loss is 18 %.
- Although Pepe and Bonk increased by 0.8 %and 0.9 %daily, weekly decreases are 32 %and 30 %, respectively.
