Predicted Dogecoin Price Increase After Whale’s Transfer of 478 Million Coins

Updated

April 17, 2025

Gambar Predicted Dogecoin Price Increase After Whale’s Transfer of 478 Million Coins

Jakarta, Pintu News – The crypto market is abuzz again with massive moving activity by Dogecoin whales, signaling a possible price spike in the near future.

A Dogecoin (DOGE) whale recently moved a total of 478 million coins, worth about $72.9 million, showing signs of active accumulation. Crypto analyst, Master Kenobi, even predicts that there will be a Dogecoin (DOGE) price crash within hours.

Big Deals by Whale Dogecoin

Data from Whale Alert shows a large transfer within the Dogecoin (DOGE) ecosystem. This transfer of 478 million coins not only caught the attention of the market, but also led to speculation regarding the strategy that the large holders might take. Moreover, this activity was followed by purchases made by other whales, which amounted to more than 800 million coins within 48 hours.

This activity suggests that there is growing confidence in the long-term value of Dogecoin (DOGE). Analyst Master Kenobi, using an ascending quadrangle chart pattern, predicts that there will be a significant price spike in the next few hours. This prediction is based on in-depth technical analysis and current market trends.

Also Read: XRP Current State: Price Consolidation and Potential Breakout Amid Ripple and SEC Deal

Technical Analysis Supports Price Increase

Another trader, Tardigrade, also has a very bullish view on Dogecoin (DOGE). Through the analysis of a descending wedge pattern and a symmetrical triangle formation, Tardigrade adds support to the theory that Dogecoin (DOGE) is poised to surge. These patterns are often considered strong indicators in technical analysis that point to a potential reversal or continuation of a trend.

In addition, Master Kenobi set an ambitious price target of $0.8 per Dogecoin (DOGE) coin. If this prediction materializes, it will be a significant price increase from the current position. Investors and traders around the world are watching closely to see if this prediction will come true.

More Bullish Market Outlook

With whale accumulation activity and favorable technical analysis, the short-term outlook for Dogecoin (DOGE) looks very positive. Investors who have been waiting for a significant price movement may soon see results. This could also be an indicator for broader trends in the crypto market, where positive sentiment could spread to other coins.

Crypto markets are known for their volatility, and such movements can often trigger chain reactions. With Dogecoin (DOGE) at the forefront, it may be the right time for investors to pay closer attention to the ongoing market dynamics.

Conclusion

By all indicators and recent market activity, the Dogecoin (DOGE) community and crypto investors in general may be on the verge of a dramatic price change. Whether this will lead Dogecoin (DOGE) to new price levels or is just a temporary fluctuation, time will tell.

Also Read: XRP Price Outlook After Ripple and SEC Lawsuit Settlement

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.