The price of Dogecoin (DOGE) has fallen by 2.04% to $0.3973, struggling to stay above the $0.4 level. However, large transactions by DOGE whales have increased by 41.12% in the last 24 hours, with over 60.9 billion DOGE being moved. This increase in whale activity suggests strength and may lead to a boost in the DOGE price. This surge in whale transactions often precedes a major price rally. Additionally, the daily trading volume has been thinning out and is expected to shift soon. Despite recent market downturns, there is an expectation that DOGE will retest its all-time high of $0.7376 this bull cycle. The social mentions around Elon Musk's involvement with DOGE are also helping to reshape sentiments around the cryptocurrency. The long-term goal for Dogecoin is to reach a price milestone of $1, which will depend on the efforts of the Dogecoin Foundation and mainstream products associated with the meme coin.



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