Dogecoin Price Prediction as Whale Buys 1.4 Billion Coins – What Happens Next for DOGE?
A giant whale recently purchased 1.4 billion Dogecoin, sparking renewed interest in the token.
This significant buy has raised speculation about a potential price surge. However, the effect of this substantial purchase is not evident in its price. Dogecoin trades around $0.111, with an over 6% price decline in the past 24 hours.
Nonetheless, some experts even predict DOGE could hit $0.20 or $3.7 as investor sentiment grows. With this sudden activity, what could be next for Dogecoin? Can it reach the $3.7 price tag?
Analyst Predicts Dogecoin Could Hit $0.20 Amid Strong Market SentimentDogecoin's price is testing key levels around $0.125, a significant resistance point since late July.
20c in no time at all. $DOGE pic.twitter.com/q1aZNPbnjo
- TraderNJ (@TraderNJ1) September 27, 2024
Analyst TraderNJ believes Dogecoin could soon reach $0.20. He points to resistance levels at $0.149, $0.178, and $0.208, and he believes the price could rise quickly if these levels are broken.
Traders and investors are watching these levels for potential gains in the coming weeks. A breakthrough above $0.125 might trigger a significant upward rally.
However, Dogecoin's price still hovers around the $0.117 threshold, and it will need to rally over 70% to reach TraderNJ's target. Meanwhile, TradeNJ is not the only one bullish on Dogecoin; some other analysts are also optimistic about Dogecoin's future.
Analyst Sees Dogecoin Reaching $3.7 by 2025Another seasoned crypto analyst, Trader Tardigrade, shared his price forecast for DOGE. According to his recent X post, Dogecoin could reach $3.7 by 2025.
$DOGE consistently forms inverse Head & Shoulders in each cycle
In the current cycle, #DOGECOIN is now at the right shoulder.
It will be pumped very soon againpic.twitter.com/bsdUfhk36n
- Trader Tardigrade (@TATrader_Alan) September 8, 2024
Tardigrade based his bold prediction on historical patterns, especially the inverse Head and Shoulders formation. He believes DOGE is at the right shoulder," signaling a significant rally is on the way. The last time DOGE showed this pattern, its price surged to an all-time high of $0.73.
Similarly, analyst Kevin Capital suggests DOGE could hit $2.27 or higher, referencing its past success in surpassing the 1.618 Macro FIB extension.
I'll never betray my #Dogecoin holders but screw everyone else in #Crypto. All time high or close to it in December of 2024. That's my call based off average time between previous all time highs and Crypto cycles. Stay positive we are still in a bullish trend it just takes a... pic.twitter.com/C7AYJZeK3H
- Kevin (@Kev_Capital_TA) September 4, 2024
In addition, analyst Ali Martinez shared that a sustained close above $0.10 could spark a bullish rally to $0.15."
These predictions point to potential gains for DOGE holders. However, caution is advised when considering these forecasts, as thecrypto market is unpredictable and can take a different trajectory.
Factors That Could Boost Dogecoin's PriceAccording to an X post by crypto analyst Ali Martinez, large investors bought 1.4 billion DOGE, worth around $167 million, in just two days, sparking debate among market participants.
#Dogecoin whales bought over 1.40 billion $DOGE in the past 48 hours, worth around $140 million! pic.twitter.com/mBXMti2y3V
- Ali (@ali_charts) September 26, 2024
One X user claimed the massive purchase was made by a single whale, sparking debates among community members. However, Dogecoin's founder clarified that this wasn't true. The 1.4 billion DOGE came from several traders, not just one.
While this large buy hasn't affected Dogecoin's price yet, it shows that whales are still interested. If more buyers follow this trend, DOGE price could surge soon. Besides the increasing whale accumulation, other factors point bullish for DOGE.
The popular DOGE supporter Elon Musk shared a post featuring an AI-generated image of former US President Donald Trump and himself.
Alongside the image was the acronym DOGE and an image of a Shiba Inu dog, representing Trump's proposed Department of Government Efficiency, which Musk would chair if he wins the election.
- Elon Musk (@elonmusk) September 28, 2024
Trump's post has sparked reactions and optimism among DOGE community members, who speculate massive gains for the meme coin should Trump become the next US president.
In the past, Musk's references to DOGE in his posts have triggered significant price jumps. So, based on these factors, many are optimistic that DOGE's price could rise soon.
Moreover, some technical indicators paint a bullish picture for the meme coin. The SuperTrend indicator has turned to buy," suggesting that momentum is turning bullish. Also, the Moving Average Convergence Divergence (MACD) is above its signal line, indicating that buying strength is increasing.
Pepe Unchained: A Potential Dogecoin AlternativeWhile we anticipate Dogecoin to rally soon, new marker entrants like Pepe Unchained are attracting significant investor attention. Pepe Unchained stands out due to its unique combination of branding and technology.
Unlike other meme coins, Pepe Unchain (PEPU) is introducing its layer-2 blockchain on Ethereum to offer faster and cheaper transactions. Given its robust fundamentals, analysts predict its price will rise as the project grows.
Whether PEPU will outperform Dogecoin remains unknown, but one thing seems certain, its revolutionary L2 scaling solution provides utility for users. This could attract more users, triggering a significant price increase.
Some experts believe the price of Pepe Unchained ($ PEPU) could rise to between $0.030 and $0.084 after its launch. Since it's currently under $0.01, this could mean a 3x to 9x increase for early investors.
If you own 1 million tokens, the price reaching $0.030 would make your tokens worth $30,000. If it hits $0.084, they'd be worth $84,000.
So, if you're looking for a potential alternative to Dogecoin, Pepe Unchained might be worth considering. PEPU is still in the presale stage and currently trades at $0.0099.
Interested investors can leverage this low price to amass a significant amount before the price increases. With that in mind, investing now might be the best strategy to gain big from this project. Visit the official Pepe Unchained presale site to learn more and invest.
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