2.07 Billion Dogecoin in One Week – What's Happening?

Headline: Large Dogecoin Whales Accumulate Billions, Analysts Predict Bull Run

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According to data from on-chain analytics firm IntoTheBlock, Dogecoin's largest holders have amassed over two billion DOGE in the past week. This marks the highest accumulation since January 2023.

Crypto analyst Ali Martinez suggests that Dogecoin may be poised for a significant rally. He believes the meme cryptocurrency could surge by 200% before experiencing a 60% retracement.

Martinez draws parallels between Dogecoin's current price action and a historical pattern where it broke out of a multi-year descending triangle followed by a rally and retracement. "History often repeats itself," he writes, adding that "DOGE could be gearing up for the next big rally!"

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