
Dogecoin – Can technicals and whales spark a 270% rally for its price?
In the recent past, cryptocurrency markets have been witnessing extreme volatility. Amidst this turmoil, one particular asset has caught attention for its potential to deliver a massive return on investment – Dogecoin (DOGE). The popular memecoin’s recent price action has raised eyebrows among traders and investors alike, as it flashed a rare technical signal.
The recent decline in DOGE’s value has led some speculators to take advantage of the situation. Data from Whale Alert indicates that whales have been accumulating Dogecoin aggressively. A staggering 220 million DOGE was acquired by these large-scale investors between March 11 and 25, representing approximately 0.17% of the total circulating supply.
As a result, the DOGE community is left wondering whether this accumulation can actually spark a significant rally in its price. If historical trends repeat themselves, the potential upside could be substantial.
Source: https://ambcrypto.com/dogecoin-can-technicals-and-whales-spark-a-270-rally-for-its-price/