A significant Dogecoin transaction has captured market attention, with a whale accumulating $39 million worth of DOGE, reportedly linked to Coinbase. This move coincides with technical analyses predicting a potential 900% price surge for the cryptocurrency. Analysts from Bitcoinsensus highlight a pattern of rising impulse waves and consolidation phases on long-term weekly charts, with past rallies achieving gains of 300% to 500%.
The DOGE/BTC pair analysis reveals recurring accumulation patterns followed by sharp upward movements, often referred to as 'Doge Pump.' These large on-chain transfers and structured accumulation activities have intensified speculation about a possible renewed momentum for Dogecoin, as traders watch the price approach a key trendline resistance zone.
Dogecoin Whale Accumulates $39M Amid Predictions of 900% Surge
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