Analyst’s Shocking Prediction: Whale Starts Accumulating DOGE, Dogecoin Ready to Surge?

Updated

May 2, 2025

Gambar Analyst’s Shocking Prediction: Whale Starts Accumulating DOGE, Dogecoin Ready to Surge?

Jakarta, Pintu News – Dogecoin looks set for a significant price increase, driven by massive accumulation by whales and encouraging technical signals. Analysis of on-chain data shows that large investors have bought a significant amount of Dogecoin (DOGE), while technical analysis shows a promising pattern for price increases.

Whale Collects Dogecoin (DOGE)

Whales have bought 100 million #Dogecoin $DOGE over the past week! pic.twitter.com/eKihSdKPXB
— Ali (@ali_charts) May 1, 2025

Last week, whales bought around 100 million Dogecoin (DOGE) coins, according to Ali Martinez, a leading crypto expert. This massive buying shows confidence that the Dogecoin (DOGE) price recovery will continue. Whales are often considered a leading indicator in crypto price analysis as they are considered more experienced and sophisticated investors.

In addition, Dogecoin’s (DOGE) social dominance score, which measures the share of talk about this coin compared to the other top ten coins, has increased to 2.524%, up from 0.9% last month. This increase shows that more users are talking about Dogecoin (DOGE) in their discussions, which could trigger a price spike in the coming weeks.

Also Read: Ripple (XRP) Moves $1.1 Billion, What Happened?

Technical Analysis Points to Potential Surge

A crypto analyst known as CryptoBullet has pointed out the Livermore Accumulation Cylinder pattern on the Dogecoin (DOGE) chart, which is a rare sign of a price reversal. This pattern is characterized by a widening formation, which indicates the potential for a significant price increase.

According to his analysis, Dogecoin (DOGE) has tested the downside of the pattern and is ready to surge, possibly beyond $3. If Dogecoin (DOGE) manages to rise from its current price of $0.788 to $3, this would signify a jump of 280% from current levels. Such a move is not impossible, given that several other coins have experienced more dramatic gains this year.

Dogecoin (DOGE) Short Term Prediction

Referring to the daily chart, Dogecoin (DOGE) appears to be in a falling wedge pattern, which is often considered a sign of reversal. The widest part of this wedge is about 63%. If measured from the breakout point at $0.1595, the most likely short-term Dogecoin (DOGE) price target is $0.2625.

However, keep in mind that no model in technical analysis is one hundred percent accurate. Therefore, a drop below last month’s low of $0.1300 would be an indication that there are still many sellers in the market, which could trigger more selling and derail bullish predictions for Dogecoin (DOGE) prices.

Conclusion

With accumulation by whales and strong technical signals, Dogecoin (DOGE) has the potential to experience a significant price surge in the near future. Investors and market watchers should pay attention to these indicators and prepare their strategies accordingly as market dynamics are constantly changing.

Also Read: Worldcoin: Innovating Digital Identity Verification Through Iris Scanning

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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. Crypto trading activities are subject to 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.