The price prediction for Dogecoin has recently shown a significant bullish turnaround, with a strong breakout pushing Dogecoin from below $0.17 to a peak slightly above $0.249. This surge achieved a 36% increase within a week, but based on network activity and on-chain indicators, analysts are now tracking signals that indicate an interesting turning point.
Experts believe that Dogecoin is likely to break the $1 mark before the end of this bull market, reaching $3. This bold price prediction for Dogecoin is based on the footprints of smart money, interest from institutional investors, and technical indicators. Let’s dive deeper!
The strategic accumulation by Dogecoin whales indicates a major breakthrough.
In May of this year, renowned analyst Ali Martinez revealed that whales purchased over 600 million Dogecoins within just 48 hours. On-chain data from Santiment recorded this accumulation, reflecting an increased level of activity among wallets holding between 100 million and 1 billion Dogecoins.
