Dogecoin Whales Prepare For A Rally Till $1

Krutika Adani

Whales Show Support

Continued Dogecoin purchases by whales indicated that they are preparing for a massive rally in Dogecoin. Over the weekend whales bought 700 million DOGE.

Will DOGE Repeat 2021

Several analysts including Ali Martinez have repeatedly indicated that Dogecoin is poised to repeat its 2021 rally with some targets indicating a rally up to $12.

All Eyes on Fundamentals

Dogecoin has shown strong fundamentals in user growth, network transactions, and user demand, which seem strong enough to push it toward a major rally.

566% Rally

Top crypto analyst Michael van de Poppe has been bullish with targets of 566% more than current DOGE prices.

Strong Derivatives Data Indicate Rally

In the derivatives markets, Dogecoin witnessed a 30% rise in open interest (OI) over the last 30 days.