While the king cryptocurrency continues to hover around $35,000, some altcoins are experiencing double-digit increases. However, DOGE is currently an exception to this. There are notable signals on the on-chain side and the DOGE chart has been showing an upward trend for a few days. So, what is the price target for Dogecoin? What can investors expect?

암호화폐의 왕이 계속해서 35,000달러 주위를 맴돌고 있는 동안 일부 알트코인은 두 자릿수 증가를 경험하고 있습니다. 그러나 현재 DOGE는 이에 대한 예외입니다. 온체인 측에는 주목할만한 신호가 있으며 DOGE 차트는 며칠 동안 상승 추세를 보이고 있습니다. 그렇다면 Dogecoin의 목표 가격은 얼마입니까? 투자자들은 무엇을 기대할 수 있나요?

Dogecoin (DOGE) Analysis

We recently mentioned that Dogecoin whales have been accumulating for a week. Dogecoin whales have also started accumulating. According to IntoTheBlock data, the accumulation of whales holding at least $100,000 worth of DOGE has increased from 7.65 billion to 9.35 billion. This indicates that crypto whales have significantly increased their investments in the past month.

Optimism is further strengthened as miner sales decrease. Typically, such a significant increase in whale holdings allows the price to rise further. However, despite strong demand, we have not yet seen a price recovery that can meet this demand.

채굴기 판매가 감소함에 따라 낙관론은 더욱 강화되었습니다. 일반적으로 고래 보유량이 크게 증가하면 가격이 더욱 상승합니다. 그러나 강한 수요에도 불구하고 아직까지 이러한 수요를 충족할 수 있는 가격 회복은 보이지 않습니다.

Dogecoin Predictions

Along with the demand from whales and the halt sales of miners, demand in spot markets is also strengthening. According to order book data from 10 crypto exchanges, including Binance and Coinbase, bulls have placed active orders to buy 872,000 DOGE at current prices. Meanwhile, sellers have 810 million DOGE ready for sale.

Therefore, due to the supply ready for sale below the current demand, the price needs to rise for one more reason. The current Dogecoin investors hold a portion of 18 billion DOGE worth at a cost of $0.081, keeping the meme coin king in their hands. This implies that a price increase may encounter a selling wave at $0.081.

However, if crypto whales continue to buy Dogecoin, the price rally could reach $0.1 as predicted. So, what about the opposite scenario? Closures below $0.066 for the DOGE price could reverse the bullish sentiment.

그러나 암호화폐 고래가 Dogecoin을 계속 구매한다면 가격 상승은 예상대로 $0.1에 도달할 수 있습니다. 그렇다면 반대 시나리오는 어떨까요? DOGE 가격이 $0.066 이하로 마감되면 낙관적인 분위기가 반전될 수 있습니다.

It should be noted here that in the event of a possible rapid decline in BTC, there could be a strong pullback supported by whale and miner sales. The DOGE community, which has not been able to benefit enough from the recent BTC rally, could lead the losses in a strong corrective movement. In a possible doomsday scenario, the new annual low of $0.035 could turn into a frightening reality.

면책 조항: 이 기사의 정보는 투자 조언을 구성하지 않습니다. 투자자는 암호화폐의 높은 변동성과 그에 따른 위험을 인지하고 자체 조사를 바탕으로 거래를 수행해야 합니다.