Market professionals see Dogecoin rising 5 times through their optimistic outlook now that DOGE whales keep acquiring more coins. The cryptocurrency community watches Dogecoin price movement since whale investors just added more to their portfolio.
On Wednesday a recognized market expert reported that DOGE whales added 180 million coins during market instability. Buyers expect future high expenses after the DOGE whales fill their stockpile. Experts forecast strong price increases because top analysts see robust market conditions that can push DOGE up fivefold.
The market looks positive due to information about whale buying behavior. According to analyst Ali Martinez, Dogecoin whales bought 180 million coins during the previous 24 hours on March 5. The largest cryptocurrency holders purchased large amounts when Dogecoin’s price was close to $0.2 during the trading session.
Dogecoin Whales Increase Holdings, Boosting Market Confidence
Market enthusiasm grows when whales steadily purchase more Dogecoin because the rising whale volume shows how investors think the asset can increase in value. The whale buying activities demonstrated both investors’ dip purchase strategy and their faith in the market.
Both weekly and monthly charts of Dogecoin prices show a 6% decrease and then sink another 19%. Strong price drops in February happened due to market problems related to global conditions and investment liquidity difficulties.
When Donald Trump initiated new import tariffs on China Canada and Mexico on March 4 traders and investors rushed to sell risky assets. Worldwide trading platforms came under attack from expected trade war concerns.
Bitcoin Drops $22K As Traders React To Tariffs
BTC lost almost $22,000 in market value because traders began selling their assets after Donald Trump announced new trade tariffs. After the market sell-off broke, all coins followed this movement, including meme coins. Crypto prices bounced back to earlier levels within one day after Trump started placing trade tariffs.
At $0.1990 DOGE market performance increased by 3% during a single trading day. In the last day, DOGE reached its lowest point at $0.1837 before climbing to its highest level at $0.2036.Traders and investors across the market sector take on trade war tensions by showing buying behavior.
Leading crypto analysts participate simultaneously to share positive thoughts about the meme coin market. Through his analysis, ‘Trader Tardigrade’ identified the trend of Dogecoin’s price returning to its typical value. Over time, the cost of this asset is anticipated to settle at its typical market range. In the chart below, the analyst shows that DOGE follows Mean Reversion, which happens along the yellow dotted line.
An analyst found the daily Dogecoin candle shaped like a Dragonfly Doji at the price close. Based on this pattern, Dogecoin bottomed out in its downtrend, so the market should soon reverse and achieve price growth.
Experts noted that the market value to realized value ratio for Dogecoin created a downward warning when combined with price behavior in previous trends. So far, during this cycle, the trader pattern has not occurred, which creates positive market expectations.
According to market expert CryptoELlTES on the X platform, the meme coin price is set to increase fivefold soon based on ongoing whale investment trends and well-defined trading structures.
Market participants continue to show strong support for DOGE ETF approval since the odds improved recently, bolstering the possibility of a 5x price increase. The DOGE price may reach its highest point by 2025 when institutional investors purchase it through an ETF product.
