The article discusses Dogecoin (DOGE) and its potential for a significant upside rally. The large transaction volume of DOGE has increased by 42%, suggesting that whales and institutions are making significant transactions. Technical analysis shows that DOGE has broken out of a bullish descending triangle pattern and if it closes a four-hour candle above $0.38, it could potentially soar by 15% to reach $0.45. On-chain metrics also support DOGE's bullish outlook, with 77% of top traders holding long positions on Binance. Currently, DOGE is trading near $0.37 and has experienced gains of over 4.15% in the past 24 hours.
- Content Editor ( coinpedia.org )
- 2024-11-19
Whales Jump on Dogecoin (DOGE), Bull Run Incoming?