TL;DR

TL；

Major investors have recently acquired 750 million DOGE during the market downturn, potentially signaling an impending price surge. While some analysts predict a further price drop to $0.17, historical data suggests the possibility of a significant bull run for Dogecoin in the future.

Major investors have recently acquired 750 million DOGE during the market downturn, potentially signaling an impending price surge. While some analysts predict a further price drop to $0.17, historical data suggests the possibility of a significant bull run for Dogecoin in the future.

Indications of a Market Reversal

Indications of a Market Reversal

The cryptocurrency market has experienced significant losses in recent days, primarily due to the sharp decline on February 3rd. While Bitcoin has dropped 6%, altcoins have suffered more substantial losses.

加密貨幣市場最近幾天遭受了重大損失，這主要是由於2月3日的急劇下降。儘管比特幣下降了6％，但山寨幣遭受了更大的損失。

Dogecoin (DOGE), the popular meme coin, has been among the most affected, with its price falling below $0.30 and recording a 21% weekly decline (as per CoinGecko data).

受歡迎的模因硬幣Dogecoin（Doge）一直受到影響最大，其價格低於0.30美元，每週下降21％（根據Coingecko Data）。

Whale Accumulation

Whale Accumulation

Despite the downtrend, large investors known as "whales" have taken advantage of the dip and increased their holdings in DOGE. Analyst Ali Martinez revealed that they purchased 750 million tokens (roughly $200 million) during the correction. "This indicates strong confidence in the market," Martinez stated.

Despite the downtrend, large investors known as "whales" have taken advantage of the dip and increased their holdings in DOGE. Analyst Ali Martinez revealed that they purchased 750 million tokens (roughly $200 million) during the correction. "This indicates strong confidence in the market," Martinez stated.

Whale accumulation is often interpreted as a bullish omen, as it can influence other traders to follow suit and trigger an uptrend. The reduced supply of DOGE available in the open market could also contribute to an increase in valuation, assuming demand remains stable or grows.

Whale accumulation is often interpreted as a bullish omen, as it can influence other traders to follow suit and trigger an uptrend. The reduced supply of DOGE available in the open market could also contribute to an increase in valuation, assuming demand remains stable or grows.

Contrasting Whale Behavior

對比鯨魚行為

The whales' recent actions differ from their moves at the beginning of the month when they sold 270 million DOGE within 24 hours, which was followed by a price decline.

The whales' recent actions differ from their moves at the beginning of the month when they sold 270 million DOGE within 24 hours, which was followed by a price decline.

DOGE Predictions

DOGE預測

The meme coin's market movements have sparked speculation about its future trajectory. Analyst AMCrypto suggested that DOGE may experience a further dip to $0.17 before embarking on a rally towards a new all-time high.

The meme coin's market movements have sparked speculation about its future trajectory. Analyst AMCrypto suggested that DOGE may experience a further dip to $0.17 before embarking on a rally towards a new all-time high.

Trader Tardigrade and KALEO have also provided their forecasts. Tardigrade cited historical performance to predict a significant bull run, noting that:

Trader Tardigrade和Kaleo也提供了預測。 Tardigrade引用了歷史表現，以預測一項重大的牛跑，並指出：

"In the 2016 pullback, DOGE retraced 59.76%, followed by a +9,221% bull run. In the 2020 pullback, DOGE retraced 56.2%, followed by a +30,693% bull run. When in doubt, check the macro chart."

“在2016年的回調中，總督返回了59.76％，其次是9,221％的公牛運行。在2020年的回馬中，Doge回落了56.2％，然後是30,693％的公牛運行。如果有疑問，請檢查宏觀圖表。”

KALEO expressed bullish sentiment, stating that $0.25 is "a solid entry and practically free compared to where we'll see it a few months from now."

卡萊奧表示看漲的情緒，指出0.25美元是“與我們幾個月後我們看到的地方相比，幾乎是免費的，實際上是免費的。”