News 
Coin Information 
About us 
Dogecoin’s price is climbing out of the oversold zone, sparking bullish momentum. With over 550 million DOGE recently snapped up by whales, market watchers are eyeing $8–$10 as the next target amid growing investor confidence in the crypto rally.
Dogecoin Price Poised for a Rally
Recent market activity suggests that Dogecoin may be about to rally, as the price has been slowly reentering the oversold zone. Based on current trends, Dogecoin's price might go as high as $10 in the next market cycle.
The increasing optimism in the market for popular meme coins has led many market watchers to predict that the current crypto rally may hit new records. Before possible corrections or consolidations, this can indicate a short-term bullish trend.
Dogecoin price could potentially test higher levels, according to the chart analysis.
Doge has probably built up enough momentum to launch a fresh bull phase after it moved out of the oversold zone. The $8 to $10 range is a significant target, since historical trends reveal that once a cryptocurrency exits the oversold area, it usually moves towards the overbought zone.
Dormant Wallet Activity Highlights Investor Optimism
The recent reawakening of an ancient Dogecoin whale is only one example of the significant behavior by long-term holders. After holding 870,000 DOGE for more than a decade, this address finally sold its tokens, earning a return of 64,249%, Coingape reports.
Even while this massive transaction didn't have much of an effect on price, it does show that people are putting their faith in the present market conditions by activating their dormant wallets. Major DOGE holders have been stockpiling tokens in anticipation of a price increase in the near future, thanks to the current crypto surge.
Large investors' continued accumulation of Dogecoin demonstrates a positive view, even though there have been some little setbacks. According to recent statistics, huge wallets have been purchasing DOGE in massive quantities, especially following price drops.
Whales Amass 550 Million DOGE in a Month
As an example, whales have amassed more than 550 million DOGE in the last 30 days. Despite the market's present difficulties, investors appear to be preparing for a future boom based on these accumulations.
According to market watchers, Dogecoin's price might soon rise over its present level. Following a period of consolidation near the $0.60 level, the price of DOGE has the potential to resume its upward trajectory, with $0.93 and perhaps $1.05.
Comment 0