Dogecoin Price Surges, Expected to Top $0.2

Dogecoin (DOGE)’s recent price surge, with double-digit weekly gains, has attracted a lot of attention from investors. A large number of whale trades and on-chain indicators suggest that the dog-themed cryptocurrency may be heading higher. Many market experts expect Dogecoin price to break above $0.2 as whales accumulate and market interest rises.

The recent surge in Dogecoin whale activity has sparked a buzz in the cryptocurrency market. A Dogecoin whale amassed 800 million coins in two Robinhood trades, worth a total of $101 million. The whale’s wallet address is “DEgDV....1pMke” and each transaction has accumulated 400 million tokens. This significant accumulation shows the market’s growing confidence in the meme coin space.

- **Profitable Status**: 75% of DOGE holders are currently in profit.

- **Large Holders**: Large holders account for 62% of the DOGE supply, with long-term holders accounting for 67%.

- **Address Milestone**: Dogecoin recently reached the 90 million address milestone, showing increased adoption and market interest.

Price Prediction: Can Dogecoin Break Above $0.2?

Analysis shows that Dogecoin faces a key resistance level at $0.128. A break above this trendline could push the price as high as $0.174, while a further break could push the price to $0.228.

- **Current Price**: As of this writing, DOGE price is up over 6% and is trading at $0.1264.

- **Volume**: Trading volume surged 26% to $798.28 million.

- **24-Hour High**: DOGE hit a 24-hour high of $0.1295.

- **Weekly increase**: The weekly increase is 15%.

- **Futures Open Interest (OI)**: DOGE futures OI surged about 12% to $626 million, reflecting bullish sentiment in the market, according to data.

Don’t want to miss the latest market news?

Immediately+deduct Q:

b🍋t🍋c🍋

6🍋9🍋5🍋4, or follow the public account: Lao Wu Linghang to get the latest market analysis and investment strategies. Join me and seek opportunities for wealth growth in the crypto market! 💰🚀