Greg Miller
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Dogecoin Up 30% in a Week, Is a Big Rally Coming?
Dogecoin ($DOGE ) is turning heads again with a strong 30% gain this week, and many signs now point to a much bigger rally ahead. As the weekend gets closer, DOGE is leading the memecoin space, and analysts believe this could be just the beginning.
DOGE is Gaining Fast
In the last 24 hours alone, DOGE has jumped nearly 9%, bringing its total weekly gain to over 30%. This sudden rise isn’t just a fluke. According to analysts, it's backed by strong on-chain data, growing demand, and bullish market behavior.
Miners Are Making More Profit
One of the biggest reasons behind this momentum is the rising profits for Dogecoin miners. The Mining Equilibrium Index shows that miners are entering a highly profitable phase. Historically, when miners earn more, DOGE prices tend to rise shortly after.
But this isn’t just about profits, it’s also about timing. Usually, high profits can lead to miners selling their coins. But this time, things look different.
No Signs of Panic Selling
According to two key indicators, the Hash Capitulation Oscillator and the Market Capitulation Oscillator, there is no fear or panic in the DOGE market right now.
DOGE is still trading far below its all-time high, with a current drawdown of over -60%. When coins are that far down, they often become attractive for a rebound. If this trend moves closer to zero, analysts say we could see a strong price recovery.
Whales Are Buying Big
Another major sign of confidence? The whales are buying. Large holders have reportedly bought 230 million DOGE recently. That’s a lot of coins being taken out of the market, which reduces the available supply and increases the chance of a price squeeze.
When whales accumulate like this, it often leads to more bullish moves because they’re betting on higher prices. And when supply is tight, prices tend to move up faster.
What’s Next for DOGE?
Dogecoin is showing strong bullish signals across several fronts:
Rising miner profitsNo panic sellingBig whale accumulationPositive on-chain metricsDrawdown suggesting bounce potential
If this trend continues, Dogecoin could not only outperform other memecoins, but also enter a parabolic rally in the coming days.
For now, all eyes are on DOGE. The market is watching closely, and many believe the real move may just be getting started.
#DOGE #GregLens #bullish #BinanceSquareFamily
DOGE is Gaining Fast
In the last 24 hours alone, DOGE has jumped nearly 9%, bringing its total weekly gain to over 30%. This sudden rise isn’t just a fluke. According to analysts, it's backed by strong on-chain data, growing demand, and bullish market behavior.
Miners Are Making More Profit
One of the biggest reasons behind this momentum is the rising profits for Dogecoin miners. The Mining Equilibrium Index shows that miners are entering a highly profitable phase. Historically, when miners earn more, DOGE prices tend to rise shortly after.
But this isn’t just about profits, it’s also about timing. Usually, high profits can lead to miners selling their coins. But this time, things look different.
No Signs of Panic Selling
According to two key indicators, the Hash Capitulation Oscillator and the Market Capitulation Oscillator, there is no fear or panic in the DOGE market right now.
DOGE is still trading far below its all-time high, with a current drawdown of over -60%. When coins are that far down, they often become attractive for a rebound. If this trend moves closer to zero, analysts say we could see a strong price recovery.
Whales Are Buying Big
Another major sign of confidence? The whales are buying. Large holders have reportedly bought 230 million DOGE recently. That’s a lot of coins being taken out of the market, which reduces the available supply and increases the chance of a price squeeze.
When whales accumulate like this, it often leads to more bullish moves because they’re betting on higher prices. And when supply is tight, prices tend to move up faster.
What’s Next for DOGE?
Dogecoin is showing strong bullish signals across several fronts:
Rising miner profitsNo panic sellingBig whale accumulationPositive on-chain metricsDrawdown suggesting bounce potential
If this trend continues, Dogecoin could not only outperform other memecoins, but also enter a parabolic rally in the coming days.
For now, all eyes are on DOGE. The market is watching closely, and many believe the real move may just be getting started.
#DOGE #GregLens #bullish #BinanceSquareFamily
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.