Crypto whales and institutional investors are reportedly positioning themselves for a potential bullish move in Dogecoin (DOGE), according to analyst Ali Martinez. Martinez points to an increase in large DOGE transactions on the network, indicating the involvement of institutions and DOGE whales. Last week, it was noted that crypto whales accumulated over $100 million worth of DOGE in just 24 hours. Martinez suggests that DOGE may be on the verge of repeating the massive rallies witnessed in 2017 and 2020 cycles. The analyst predicts that DOGE could surpass its current all-time high of $0.7316 and potentially reach $2. At the time of writing, DOGE is trading at $0.113, showing a 2% increase in the last 24 hours.
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Crypto Whales and Institutions Possibly Positioning for Bullish Dogecoin (DOGE) Move, According to Analyst
