Dogecoin Whale Accumulation Fuels $15 Price Target Speculation
Highlights:
- Massive 80M DOGE whale purchase suggests potential price gains.
- DOGE faces short-term volatility but shows bullish long-term prospects.
- Analyst Ali Martinez predicts a $15 price target for Dogecoin.
A Dogecoin whale’s recent accumulation of nearly 80 million DOGE has captured the attention of crypto investors, igniting speculation about a potential price rally. Market buzz intensified as top crypto analyst Ali Martinez projected a $15 price target for the meme token, further bolstering bullish sentiments.
Whale Buys 80M DOGE, Igniting Optimism
According to Whale Alert, a Dogecoin whale purchased 78.57M DOGE worth $29.86 million from Binance. This accumulation comes ahead of Donald Trump’s inauguration, with market sentiment pointing to increased prices under the pro-crypto Republican. Additionally, Elon Musk, a known Dogecoin supporter, is set to take on a key role during Trump’s presidency, adding to market enthusiasm.
The whale’s activity, coupled with these events, has fueled investor confidence in DOGE’s future price growth. CoinGape previously highlighted rising whale activity as a key factor driving optimism for Dogecoin’s upward momentum.
DOGE Gains 20% in a Week
At reporting, DOGE traded at $0.3772 after gaining 2% in the past 24 hours. The weekly chart shows a 20% increase, with an intraday low of $0.3472 and a high of $0.3983. Whale buying has supported the broader bullish trend, raising expectations for a new all-time high.
Analyst Predicts $15 Target
Renowned analyst Ali Martinez highlighted Dogecoin’s long-term bullish potential, suggesting a $15 price target based on its multi-year ascending parallel channel. His analysis aligns with the whale activity, reinforcing the market’s optimistic outlook for DOGE’s future.
Investors and traders are eagerly anticipating significant gains as Dogecoin remains one of the leading dog-themed meme coins by market cap, with whale activity and bullish projections driving market enthusiasm.
