Dogecoin Price Prediction as Technical Indicators Signal Increased Whale Activity – How High Could DOGE Go?
The Dogecoin price has lifted by 2.5% in the past 24 hours, reaching $0.078085 on a day when the wider market is just shy of an overall 1% gain.
DOGE is now down by 7.5% in a week, yet it remains up by close to 20% in the last 30 days, with the meme token also having risen by 11% since the the start of the year.
While this latter percentage seems modest in comparison with the gains posted by bigger tokens (e.g. BTC, ETH, SOL, XRP), DOGE has witnessed a number of significant whale transfers in the past few days.
This suggests that it could be on the brink of further rises, particularly as the market looks to end the year on a high.
DOGE’s indicators are beginning to draw strength yet again, pointing towards further potential rises over the weekend.
Its RSI (purple) has risen from under 50 earlier in the week and is now on course to reach 60, with plenty of room for further climbs before DOGE hits overbought territory again.
Similarly, the meme token’s 30-day average (yellow) continues to rise further above its 200-day (blue), reinforcing the impression that DOGE remains within an upwards cycle.
Dogecoin’s support level (green) also bolsters this view, providing the token with higher bases from which to mount new rallies.
And while its 24-hour trading volume has declined in the past few days, it still remains above the very low levels witnessed in September and early October.
This suggests ongoing heightened activity, with a number of recent alerts revealing that whales have been transferring DOGE to and from exchanges in recent days.
#Dogecoin | There's a notable surge in $DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs.
This uptick suggests increased interest in #DOGE from institutional
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