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Dogecoin (DOGE) Price Prediction February 2025
Amid the ongoing market uncertainty, Dogecoin (DOGE), the popular meme coin, is poised for a massive upside rally as it has garnered widespread attention, with crypto whales strongly betting on it. Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have accumulated a significant 560 million DOGE in the past week. This accumulation comes after an intense sell-off, which is currently signaling growing interest from long-term holders, whales, and investors.
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Crypto Whales Buy 560 Million DOGE Coins
The post on X also stressed that this significant accumulation comes after an intense sell-off, which is currently signaling growing interest from large holders!
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Data from Coinglass’s spot inflow/outflow metrics revealed that exchanges have witnessed an outflow of $13 million worth of DOGE, indicating potential accumulation and the possibility of buying pressure. However, despite substantial accumulation, the DOGE meme coin hasn’t witnessed any major gains or buying pressure.
Traders Rising Interest
Besides the strong accumulation by whales and long-term holders, intraday traders seem bullish on the meme coin today, February 1, 2025. At press time, the DOGE Long/Short ratio stands at 1.05, indicating strong bullish sentiment among traders. With all these on-chain metrics, the DOGE meme coin appears bullish, and this could support the coin in gaining a massive upside rally.
Dogecoin (DOGE) Technical Analysis and Upcoming Level
According to expert technical analysis, DOGE appears to be forming a bullish double-bottom price action pattern on the daily time frame.
Source: coinpedia.org
