Dogecoin Poised for Surge as Whales Accumulate

Large investors known as "whales" have amassed 550 million DOGE, bringing their total holdings to 20.6 billion tokens.

Capitalizing on recent price drops, whales have significantly increased their Dogecoin holdings in anticipation of a price rally.

Market analyst Ali Martinez observed that whales acquired over 550 million DOGE, worth $214.5 million, in the past week.

These whales typically hold between 10 and 100 million DOGE each and made purchases when Dogecoin stabilized around $0.36-$0.38.

After a price drop from $0.4350 on November 12th, whales added 140 million tokens, raising their total holdings to 20.6 billion DOGE.

Whales have consistently accumulated Dogecoin for the past two months, syncing their purchases with price movements.

As Dogecoin consolidates, whales are positioning themselves for potential upward momentum.

Currently trading at $0.3843, Dogecoin has faced challenges despite Bitcoin's rally towards $100,000.

Martinez previously predicted a possible 120% surge for Dogecoin, with a target of $0.82 if support holds at $0.37.

He also identified resistance levels at $0.4400, $0.5500, and $0.6500, potentially leading to a rise towards $1.

Additionally, Google Trends data suggests that Dogecoin's popularity has not peaked, indicating further growth potential.