Altcoin
Dogecoin Whales Accumulate Over 120M DOGE As Price Eyes Rally To $4.5
Crypto analyst Ali Martinez recently revealed that Dogecoin whales have accumulated a significant amount of DOGE this past week. This presents a bullish outlook for the meme coin’s price, which is currently eyeing a rally to $4.5.
Dogecoin Whales Accumulate As Price Eyes Rally To $4.5
In an X post, Martinez revealed that Dogecoin whales have bought over 120 million DOGE this past week, as they continue to actively accumulate despite the market downtrend. This provides a bullish outlook for the meme coin, which is currently eyeing a rally to $4.5.
In an X post, crypto analyst Trader Tardigrade noted that DOGE’s 20 Simple Moving Average (SMA) highlights various phases in DOGE’s history. His accompanying chart showed that the top meme coin is just about to enter its parabolic phase in this bull run and could rally to as high as $4.5 when that happens.
Crypto analyst Crypto Elites also asserted that a Dogecoin price rally to $5 is coming soon. These price predictions indicate that the foremost meme coin could still surpass its current all-time high (ATH) of $0.73.
Crypto analyst DOGECAPITAL recently provided an ultra-bullish outlook for Dogecoin, predicting that the meme coin could rally to as high as $80. The analyst alluded to historical trends as to why DOGE could reach such an ambitious price target.
DOGE Needs To Continue To Hold The Line
In an X post, crypto analyst Kevin Capital noted that Dogecoin, on the weekly candle, received a weekly demand candle last week at the ‘last line of bull market support.’ He remarked that it is crucial that DOGE holds this level at $0.139 while it resets higher time frame indicators like the 3-day MACD, weekly Stochastic RSI, and 2-week Stochastic RSI, which are getting very close to being fully reset.
Kevin opined that this price level continues to be a spot where the risk-reward ratio on DOGE is “absolutely phenomenal,” considering that if the meme coin loses that level on weekly closes, market participants could easily cut their trades and losses. He added that the upside potential outweighs the downside risk by miles.
From a holder perspective, the analyst remarked that market participants simply have to hold this $0.139 level while these higher frame indicators reset and prepare for the next big move. Kevin stated that the 1-week Stochastic RSI has fully reset, the 3-day MACD is getting closer to fully resetting, and the 2-week Stochastic RSI is also close to a full reset.
The analyst indicated that the Dogecoin price boasts a bullish outlook as long as the Bitcoin price holds these levels and does not drop below $70,000.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi Network continues to remain under strong selling pressure as native cryptocurrency Pi Coin has corrected another 12% today, with its price dropping to $0.81 support levels. With this, it has extended its weekly losses to 28% amid delays in mainnet launch, Binance listing, etc. and initial investor sentiment waning significantly. Investors are turning anxious about whether the Pi Coin price could stage an upside above $1 anytime soon or not.
Pi Network Core Team Needs to Step Up
With delays in plans of a mainnet launch, listing on Binance, or the Pi Domain auction, the Pi community members are seeking answers from the Core team, asking them to step up the game, as the Pi Coin price faces a steep fall from $3 to $0.82. Community members believe that the recent turbulence comes as the Core Team (CT) remains silent on critical updates.
Furthermore, there have been allegations that the Pi core team has been drifting away from its promise of full decentralization, to now attracting big institutions. Large corporations handling billions of dollars in daily transactions naturally prioritize security and transaction speed over complete decentralization.
With these opposing interests, the Pi Network core team seems to have made some compromises while trying to strike a balance between inclusivity and global adoption. Popular community member, Dr. Altcoin noted:
“We should embrace this collaboration between everyday users and big institutions. High-volume trading driven by businesses is what is required to drive our utilities, and that will ultimately push the price upward. The Core Team should also remain committed to rewarding the Pi community. Without the Pi community, the Pi Network would have been just another typical memecoin story”.
What Happens to Pi Coin Price Next?
Despite the strong community back, the Pi Coin price has been seeing a one-directional downside all the way to $0.82. Crypto analyst Moon Jeff has issued a bold prediction regarding Pi Network’s price trajectory. According to Jeff, the token is poised to decline to $0.60, which he identifies as its last significant support level.
Despite this, the analyst remains optimistic of the Pi Coin price recovery, suggesting that a rebound from this point could spark a rally toward the $5 mark. Dr. Altcoin also shared a similar outlook noting: “Let’s HODL and buy both Patience and Pi together while they’re still available. Let’s also not be surprised if Pi shoots up to $3.14 in the coming weeks or even to $10 in the coming months”. Recent reports also suggest a projected PI listing on the crypto exchange Upbit.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin whales have sent shockwaves across the broader crypto market this Wednesday by embarking on a remarkable buying spree. Crypto market analyst Ali Martinez revealed that whales bought 200 million coins in the last 14 days. As a response, traders and investors project substantial bullishness over future DOGE price prospects.
Dogecoin Whales Buy 200M Coins In Just 2 Weeks
Analyst Ali Martinez revealed in an X post on March 26 that Dogecoin whales sacked 200 million coins over the past two weeks. This accumulation saga, occurring despite broader price volatility, has reinforced positive market sentiments on the meme coin’s price trajectory.
For context, rising whale accumulations underscore heightened market interest in the crypto. In turn, traders and investors anticipate that price gains loom, given the increased buying pressure and demand for the token.
Is Dogecoin Recovering?
It’s worth mentioning that the whale accumulations occurred as DOGE price recovered from $0.15 to $0.19 since March 11 to 25 (the past 14 days). The dog-themed meme token is up nearly 25% in two weeks, aligning with Dogecoin whales’ trade movers that offer price support.
DOGE Price Rally Ahead?
As of press time, DOGE token’s price was up nearly 5% intraday and exchanged hands at $0.1910. The meme coin bottomed and peaked at $0.1825 and $0.1955 in the last 24 hours.
Furthermore, the weekly chart for the crypto showcased gains worth 14%, aligning with the massive buying in recent days. Market watchers continue to anticipate more gains ahead, escorted by whale data and other market dynamics.
Crypto Analyst Sparks Market Optimism With Bullish Projection
Another renowned market analyst recently posted on X, projecting a highly bullish outlook for the crypto. Analyst ‘Trader Tardigrade’ revealed that DOGE price is finalizing the last stage of ‘cycle 3.’ Based on historical price movements, this prediction highlights that a massive upswing awaits. Simultaneously, Dogecoin whales’ recent trade movers have further cemented market sentiments of an enormous rally ahead.
Futures OI Adds Market Optimism
It’s also worth mentioning that DOGE futures OI soared 6%, reaching $1.94 billion today. Moreover, the derivatives volume rose 16% to $4.09 billion, per Coinglass data.
This statistic further underlined a significant rise in market interest for the crypto, adding to bullish sentiments over long-term prospects. Even a recent report by CoinGape spotlighted that Dogecoin price eyes gains worth 10x ahead, as confirmed by analysts. Overall, the meme coin currently surfs a highly bullish wave, securing a top spot on investors’ radars.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the SEC vs Ripple lawsuit is coming to an end with the blockchain firm paying a $50 million penalty, developments on an XRP ETF are gathering pace once again. In his latest Bloomberg interview, CEO Brad Gralinghouse said that it’s important to have this exchange-traded fund, while just falling short of accepting that they are working with the world’s largest asset manager, BlackRock. XRP price movement has been relatively mute to this development, while industry players expect a $3 breakout soon.
Are Ripple and BlackRock Exploring Potential XRP ETF?
In his recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked whether they are collaborating with BlackRock to launch an XRP ETF in the US. Although Garlinghouse didn’t explicitly accept such a collaboration, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.
The prospect of a BlackRock filing for an XRP ETF in 2025 has captured the attention of the crypto community. Many believe that once the regulatory wall over Ripple is removed, asset managers will rush in the second-half of the year to bring a Ripple ETF to the market. Furthermore, Ripple CEO Garlinghouse is also confident that XRP would make it to the US Digital Asset stockpile.
Adding to the discussion, Crypto.com CEO Kris Marszalek highlighted the transformative potential of XRP ETFs. He predicts that the development could attract $8 billion in inflows following the approval.
Ripple Drops Cross-Appeal Against US SEC
The long-running Ripple vs SEC lawsuit has finally come to an end as the blockchain startup has decided to no longer pursue the cross-appeal against the securities regulator. The resolution involves a $75 million refund to Ripple, following the SEC’s decision to drop its appeal and Ripple abandoning its cross-appeal.
This settlement concludes a case that initially resulted in a $125 million penalty against Ripple. With the refund, the company’s net payment to the SEC amounts to $50 million. Under the Trump administration, the SEC has softened its stance, while putting a greater focus on establishing clear crypto regulations.
XRP Price Surge to $3 Soon?
Amid the current development and hopes for XRP ETF, the XRP price has given a muted response as it continues to face strong rejection at $2.50 levels. Despite this, market analysts have made bold predictions, expecting the XRP price rally to continue at $15 and beyond.
Sharing the XRPUSDT chart, popular crypto trader Seyma stated that she’s more bullish on the Ripple cryptocurrency in comparison to other altcoins. “My weekly target is $3-$3.24 i never give investment or trading advice just noted to myself,” she wrote.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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