Dogecoin price prediction as whales acquire 80 million DOGE in 24 hours
Dogecoin (DOGE) is witnessing increased whale transactions, with an artificial intelligence (AI) tool projecting that such activity will likely help the token spike by almost 200% by year-end. Indeed, according to data shared by on-chain cryptocurrency analytics platform Glassnode on April 11, Dogecoin whales accumulated 80 million DOGE in just 24 hours. Historically, such transactions have often hinted at imminent price growth, as whale purchases tend to signal confidence in the asset. These transactions could boost Dogecoin, which has recently struggled with massive volatility. As of press time, DOGE was trading at $0.17, having rallied over 6% in the past 24 hours. On the weekly chart, the meme coin is up 13%. DOGE seven-day price chart. Source: Finbold At the current price, Dogecoin is still trading well below its 50-day and 200-day simple moving averages (SMA), indicating a bearish trend in both the short and long term. The 14-day relative streng...