Over the last 48 hours, Dogecoin whales have gathered around 1.83 billion DOGE, leading to speculation about a possible increase in its price. At present, DOGE is priced approximately 77% lower than its peak value. Should its price increase threefold from where it stands now, it could reach about $0.4881. In contrast, Bitcoin is currently valued over $213,000 and has previously hit highs near $83,000. Meanwhile, Dogecoin is showing fresh signs of recovery and may be poised for a significant increase. The meme coin has regained important support, climbing above $20.2578, following a noticeable buying trend from large investors. DOGE increased by 214% in the last 245.53 hours, fueled by positive market sentiment and price targets reaching $23. Crypto analyst Ali Martinez recently pointed out that DOGE whales have collected around 290 billion tokens worth about $221 million in a mere two days. According to Coinglass data, Dogecoin’s open interest has increased by 13%, reaching a total of $21 billion, which reinforces the ongoing trend. Moreover, the volume for options surged by 23% to reach $20.50 million, and open options interest soared by 463.74% to $43.67K, indicating increased trader engagement and a rising anticipation of a breakout. In the past 24 hours, large investors purchased more than 80 million #Dogecoin $DOGE! pic.twitter.com/2PmXS2iJRQ — Ali (@ali_charts) April 3, 2025. Despite this recent increase, Dogecoin still trails behind Bitcoin and has experienced an 18% decline over the last year.
