The whales picked up Dogecoin (DOGE) after the recent cryptocurrency price crisis, which led to speculating a lot of 300% is on the horizon. According to the Ali Martinez market analyst, a significant number of whales benefited from a drop, buying 750 million Doge tokens while the price fell below the main psychological levels.
Dogecoin experienced a spectacular drop to $ 0.2017, a level dangerously close to the brand of $ 0.2 that it had since November 2024. The decline marked a striking contrast with the High Dogecoin of $ 0.4335 reached early January. For weeks, Altcoin had experienced a regular decreased trend, leading to this latest price drop.
Whales collect 750 million Doges on the decline
The whale trend presented the whales, in particular those holding between 10 million and 100 million Doge tokens, with an opportunity to purchase choice. In a single day, these whales increased their assets by around 22.5 billion DOGE to 23.34 billion DOGE, adding 750 million impressive tokens to their wallets. This increase in accumulation intervened after Dogecoin retests the hollows of $ 0.2 on February 4, the whales considering the dive as an ideal entry point.
The immediate effect of this purchase pressure saw Dogecoin bounce briefly at $ 0.2885, although the retrace followed shortly after. Despite the decline, the accumulation of whales signals strong confidence in the market, which suggests that the Bears could lose their grip on Altcoin.
Perfectly timed whale movements
In an interesting turn, the whales of higher level, those holding between 100 million and 1 billion Doge, had already made significant movements two days before the accident. These whales liquidated around 270 million tokens just before the drop in Dogecoin, guaranteeing their profits while the part was negotiated in the range of $ 0.3. Now, with Dogecoin at a much lower price, they strategically buy what they consider to be a reduced price.
Current Dogecoin price: a reduction opportunity?
Despite the frenzy of whales, Dogecoin has not yet completely recovered from its recent decline. At the time of writing the editorial staff, Dogecoin is a price of $ 0.2597, a 22% discount compared to its previous higher threshold and a drop of 33% compared to its monthly summit. This offers potential investors the opportunity to buy the part at a reduced price while the whale back accumulation points to a future rebound.
Could a 300% wave be on the horizon?
While Ali Martinez remains convinced that the accumulation of whales signals a potential turnaround for Dogecoin, he refrains from speculating on the exact short -term target price. However, the abbot case analyst established parallels with the Q3 2024 model, where a significant crash was followed by a consolidation period before a major rally. Abbé suggests that Dogecoin could feel a similar scheme, with a parabolic rally potentially increase the price by 300% in a window of 4 to 6 weeks.
Abbé’s analysis suggests that the current market behavior reflects that of previous bullish cycles, where consolidation after a drop has finally led to explosive gains. If this scenario takes place, Dogecoin could see a strong increase, as is the massive gains observed at the end of last year.
Final reflections
The accumulation of 750 million dogecoin by whales during this shield demonstrates strong confidence in future market performance. If the trend follows a path similar to previous rallies, Altcoin can be on the point of a significant rebound. Traders and investors will closely monitor the signs of continuous purchase pressure, because any resurgence of the Dogecoin price could see it reach new heights, perhaps even an increase of 300% as suggested by analysts.
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