Dogecoin Price Prediction: Will DOGE Skyrocket to $1? Crypto Whales Are Making Moves!

Jakarta, Pintu News – According to a Coingape report (2/3/25), in the last 48 hours, Dogecoin (DOGE) has witnessed increased activity from large investors who have accumulated more than 910 million DOGE.

This phenomenon sparked discussions among traders and analysts about the possibility of a significant increase in Dogecoin’s price to reach $1 (IDR 16,474).

Whale gathers DOGE amid market volatility

Data from on-chain analytics platforms shows that whales are actively buying Dogecoin, signaling strong confidence in future price movements.

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Large transactions involving millions of DOGE tokens have been recorded, suggesting that institutional investors or high-net-worth individuals are taking positions for a potential uptrend.

Whale accumulation often affects market sentiment as it reduces available supply and can increase buying pressure. This massive buying comes at a time when DOGE has managed to hold at a key support level, which analysts say could be the basis for further price gains.

Additionally, crypto analyst Javon Marks highlighted Dogecoin’s strong breakout performance, noting that the cryptocurrency has surged more than 600% since its initial spike.

He also mentioned that DOGE reached $0.6533 before correcting and believes that the next breakout could push the price past that level, potentially even reaching $1.22.

Dogecoin Price Held at Support Level, Analysts Predict Uptrend

As of March 2, 2025, the Dogecoin price is above the crucial support zone around $0.185. According to market analyst Ali Martinez, if DOGE is able to hold at this level, there is an opportunity to challenge higher resistance points in the near future.

If the buying momentum continues, analysts expect DOGE to retest the resistance levels at $0.25 and $0.33 before reaching new highs.

In addition, market expert Trader Tardigrade identified the existence of order block zones, which are areas where there is a large concentration of buy and sell orders that could determine the next price movement.

If demand is greater than supply, DOGE prices could be pushed up, opening up opportunities for a wider rally.

Read also: Dogecoin Jumps 9% Today (3/3/25) – Analysts Say DOGE Could Hit $10 Soon!

Technical Indicators Show Breakout Potential

Technical analysis shows that the Dogecoin price has recently experienced a recovery from its low, rising 12.46% in a single trading session. This recovery is in line with historical patterns where Dogecoin has often experienced strong rallies after periods of accumulation.

The Relative Strength Index (RSI) indicator is currently at 43, which indicates neutral momentum. However, if the RSI rises above 50, this could be a signal of a strengthening bullish trend.

Meanwhile, the Chaikin Money Flow (CMF) indicator stood at -0.06, indicating mild selling pressure. If the CMF value turns positive, it could confirm increased buying activity.

Additionally, the 4-hour chart shows a double bottom pattern, which is often an indication of a potential upside move. If this pattern holds, the Dogecoin price has the opportunity to experience further gains in the coming weeks.

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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 and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Eyes Rally to $1 as Whales Buy Over 910M DOGE. Accessed on March 3, 2025