$DOGE Analysis: On Track for a $0.15 Target - BeinCrypto Analytics
Dogecoin (DOGE) has increased nearly 5% this week, driven by rising demand and whale inflows. If momentum continues, DOGE could reach $0.15, last seen in June.
The Relative Strength Index (RSI) is currently at 56.10, indicating an uptrend in demand. This suggests that buying pressure is outweighing selling activity, positioning DOGE in a moderately bullish zone, with room for further gains.
Additionally, on-chain data shows a 39% increase in accumulation among large holders—those with over 0.1% of DOGE's circulating supply—over the past week. This rise in whale activity signals growing confidence among significant investors. If these trends hold, DOGE may be set for further gains.
