{"id":25342,"date":"2024-12-03T13:23:21","date_gmt":"2024-12-03T13:23:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25342"},"modified":"2024-12-03T13:23:21","modified_gmt":"2024-12-03T13:23:21","slug":"dogecoin-price-stalls-but-could-accumulating-whales-lead-to-another-doge-bull-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25342","title":{"rendered":"Dogecoin Price Stalls But Could Accumulating Whales Lead to Another DOGE Bull Rally?"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

Dogecoin was one of the top performers in the first few weeks after the US elections but has lost its momentum and is a modest 10% up in the past seven days.
\nHowever, whales continue to accumulate the meme coin, which could lead to further gains in the near future.<\/p>\n

<\/a><\/p>\n

DOGE\u2019s Current State and Whales Buying<\/h2>\n

Donald Trump\u2019s victory in the US presidential elections in early November resulted in immediate price gains for several crypto assets, including the largest meme coin. This is most likely because of Elon Musk\u2019s role in the future administration, where he is expected to run a new Department of Government Efficiency (D.O.G.E) branch.<\/p>\n

DOGE\u2019s price nearly tripled<\/a> in the first few weeks amid the massive growth in the transactions on the network. Moreover, the meme coin surpassed XRP at one point, but that all changed as the roles reversed<\/a>.<\/p>\n

While Ripple\u2019s native token is exploring new heights<\/a> not seen in over six years, DOGE has stalled to an extent and sits just over $0.4 after being rejected at $0.44 on a few occasions.<\/p>\n

Nevertheless, Dogecoin whales seem unfazed by the lack of price action as of late. Data from Santiment, shared by popular analyst Ali, indicates that these large investment entities have accumulated another 160 million DOGE during the weekend alone.<\/p>\n

#Dogecoin<\/a> whales bought an additional 160 million $DOGE<\/a> during the weekend! pic.twitter.com\/OACjFVIv9N<\/a><\/p>\n

\u2014 Ali (@ali_charts) December 2, 2024<\/a><\/p>\n\n

Recall that the last time whales went on a shopping spree<\/a> for DOGE, the asset\u2019s price exploded in the next month or so.<\/p>\n

Can DOGE Resume its Bull Run?<\/h2>\n

Many analysts continue to be bullish on DOGE, with some predicting a new all-time high around the corner. One of the recent forecasts from dogegod sees<\/a> the asset skyrocketing to $2.2, which would be roughly three times higher than the current ATH reached back in 2021.<\/p>\n

Javon_Marks had a similar target in mind. The strategist said Dogecoin is \u201cin the midst of its 3rd Bull Cycle performance,\u201d which could propel a massive surge of over 400%. In case such a rally transpires, it would place DOGE\u2019s price at around $2.28.<\/p>\n

$DOGE<\/a> (Dogecoin) looks to be in midst of its 3rd Bull Cycle performance and based on prior cyclical displays in price, according to Fibonacci Extension, prices can be poised for a move to and above the 1.618 Fib Extension level, which is currently over 405% away at $2.28 pic.twitter.com\/I6AgRead8Y<\/a><\/p>\n

\u2014 JAVONMARKS (@JavonTM1) December 1, 2024<\/a><\/p>\n\n

The post Dogecoin Price Stalls But Could Accumulating Whales Lead to Another DOGE Bull Rally?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Dogecoin was one of the top performers in the first few weeks after the US elections but has lost its momentum and is a modest 10% up in the past seven days. However, whales continue to accumulate the meme coin, which could lead to further gains in the near future. DOGE\u2019s Current State and […]<\/p>\n","protected":false},"author":0,"featured_media":25343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25342"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25342"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25343"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}