A Dogecoin (DOGE) whale has attracted the attention of the cryptocurrency community with a massive transfer. According to Whale Alert reports, this whale has moved around 478 million Dogecoins worth $72.9 million from an unknown wallet to another, possibly indicating active accumulation of this cryptocurrency. Analyst Ali Martinez mentioned that other whales have also purchased over 800 million Dogecoins in the past 48 hours. These movements coincide with Master Kenobi’s prediction of a potential Dogecoin price breakout in the ‘next few hours.’ He displayed an ascending rectangle pattern on his chart, indicating the possibility of a price surge and breaking the downtrend line. Master Kenobi considers this event the most significant for Dogecoin this year and predicts that the price ceiling from late May to early June, along with a possible Binance Coin (BNB) surge and other major altcoins, will occur. If the bullish breakout materializes, Dogecoin’s price could increase to $0.8. Meanwhile, another analyst named Trader Tardigrade has expressed his bullish view on Dogecoin in several posts on X and stated that this cryptocurrency is breaking out of the descending wedge pattern in the 1-hour chart. Moreover, the Relative Strength Index (RSI) has exited the oversold zone, indicating the start of a price growth trend. He added that the formation of a symmetrical triangle pattern could increase the strength and further boost the price surge. You can monitor the prices of all tokens and cryptocurrencies live and in real-time on the instant price page of digital currencies.
