Whale Returns 270 Million DOGE When Price Drops – Is $DOGE Nearing $10?

Dogecoin has witnessed a wave of whale activity, as large investors have accumulated 270 million DOGE in just five days. Cryptocurrency analyst Ali Martinez revealed in a post on X (formerly Twitter) that whales have taken advantage of the recent price drop to expand their holdings. With the current trading price of $0.33, this accumulation is valued at around $89 million. The dramatic increase in this whale's activity highlights the long-term potential of Dogecoin, even as selling pressure dominates in the short term. Please provide the text to be translated. The accumulation trend is not new; since November, whales have continuously added millions of DOGE to their wallets during the downtrend. Analysts believe that these large purchases may signal an expected price increase as whale investors position themselves for future price gains. Historical patterns signal potential price increase - Will DOGE reach $5? Trader Tardigrade, another famous cryptocurrency analyst, believes that the price fluctuations of Dogecoin may soon align with historical patterns of parabolic price increases. Based on chart analysis, consolidation phases often occur before significant price surges for DOGE. If this pattern continues, the price of this meme coin could skyrocket to $5, a 1,415% increase from its current value.

These price increase forecasts appear despite larger market challenges. While technical indicators show consolidation, overcoming resistance levels may trigger strong upward momentum. This optimism fuels trader interest, with many closely monitoring key support and resistance levels. Dogecoin (DOGE) price outlook: Technical prospects Dogecoin is trading at $0.3163, down 4.51% in the past 24 hours, with a 24-hour trading volume of $2.46 billion. On the 2-hour chart, DOGE is still under downward pressure, constrained by the downtrend line and resistance level at $0.3270. This is consistent with the bearish crossover below the 50-day EMA at $0.3185, indicating further potential for price decline. Please provide the text to be translated. Important levels to pay attention to: Resistance level: The immediate resistance level is at $0.3270, with the next price target at $0.3464 and $0.3816. Support level: The immediate support level is $0.3039, followed by $0.2850 and $0.2620 if selling pressure intensifies. The relative strength index (RSI) at 34.54 indicates an oversold condition, suggesting short-term recovery potential. However, prolonged pessimism and market uncertainty make the outlook cautious. Key points to remember: Whale activity: The whale buys 270 million DOGE, reinforcing confidence in the long-term growth of this currency. Price increase pattern: Historical price trend indicates the potential for a price increase to $5. Important level: Traders should monitor the $0.3270 level for a breakout and the $0.3039 level to prevent price decline risks.