Krutika Adani
Whales have started buying Dogecoin as crypto markets rally again. Large investors have recently bought over $700 million worth of DOGE.
The bullishness in DOGE comes after Bitcoin resumed its 2024 rally. At press time, Bitcoin’s price was at $65.3k with a 24-hour volume of $39 billion.
As a result, Dogecoin has gained 4.05%, reaching $0.1246 in the last 24 hours, with a corresponding trading volume of $836 million.
If Dogecoin crosses the resistance at $0.15, it may soon move towards its next target of $0.21. Otherwise, a breakdown towards $0.1 may be possible.
Experts have even predicted a rally to $1 if Dogecoin enters a 2021-like rally.