{"id":5273,"date":"2025-01-02T20:33:22","date_gmt":"2025-01-02T20:33:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5273"},"modified":"2025-01-02T20:33:22","modified_gmt":"2025-01-02T20:33:22","slug":"dogecoin-sees-explosive-41-increase-in-large-transactions-ahead-of-ethereum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5273","title":{"rendered":"Dogecoin Sees Explosive 41% Increase In Large Transactions Ahead Of Ethereum"},"content":{"rendered":"
\n

Dogecoin has witnessed an explosive increase in the number of large transactions<\/a>, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE.\u00a0<\/p>\n

Dogecoin Sees 41% Surge In Large Transactions<\/h2>\n

IntoTheBlock data<\/a> shows that Dogecoin has witnessed a 41% surge in large transactions, with $23.35 billion traded in the last 24 hours. This puts Dogecoin ahead of Ethereum<\/a>, which recorded a drop in large transactions, with $7.05 billion traded during this period. This development presents a bullish outlook for DOGE.<\/p>\n

A surge in large transactions is typically bullish as it suggests that Whales are actively accumulating the crypto in question. This accumulation trend could lead to a Dogecoin price surge, considering the impact that these investors have on the market. Crypto analyst Ali Martinez<\/a> also confirmed that Whales are actively accumulating DOGE.\u00a0<\/p>\n

In an X post, Martinez stated Whales bought over 300 million DOGE in 24 hours. It is worth mentioning that the analyst had already provided a bullish outlook for Dogecoin, predicting that the foremost meme coin could rally by another 6,770% if it continues to follow the ascending parallel channel pattern.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

The analyst\u2019s accompanying chart showed that the Dogecoin price could rally to around $2.5 if the meme coin reaches the middle of this ascending channel. Meanwhile, DOGE could rally to as high as $29 if it reaches the top of this ascending channel. Crypto analyst Trader Tardigrade<\/a> also recently highlighted an ascending channel that showed that DOGE could witness a price breakout this month.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

Trader Tardigrade\u2019s analysis showed that Dogecoin could finally reach the much-anticipated $1 psychological level this month, marking a new all-time high (ATH)<\/a> for the foremost meme coin. The analyst\u2019s accompanying chart also showed that DOGE could rally to as high as $12 in this market cycle.\u00a0<\/p>\n

DOGE Breaks Breaks Out Of Descending Triangle\u00a0<\/h2>\n

In a more recent X post, Trader Tardigrade revealed that Dogecoin has broken out of the descending triangle<\/a> at the bottom. He stated that this chart pattern could lead to an explosive surge for DOGE afterward. The analyst\u2019s accompanying chart showed that the foremost meme coin could enjoy a price rebound to as high as $0.56 in the short term.\u00a0\u00a0<\/p>\n

\"Dogecoin<\/p>\n

This potential Dogecoin price rebound to $0.56 could pave the wave for the meme coin to rally to its current ATH. Crypto analyst Master Kenobi<\/a> predicted that DOGE could reach $1.2 if it breaks its ATH of $0.74 this January. Interestingly, the analyst also raised the possibility of the meme coin rallying to $3.4 and matching Ethereum\u2019s current market capitalization.\u00a0<\/p>\n

At the time of writing, the Dogecoin price is trading at around $0.33, up over 8% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

\"Dogecoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin has witnessed an explosive increase in the number of large transactions, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE.\u00a0 Dogecoin Sees 41% Surge In Large Transactions IntoTheBlock data shows that Dogecoin has witnessed a 41% surge in large transactions, with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5273","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5273"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5273\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}