$1 Dogecoin? Whale Accumulation Suggests A Rebound—Analyst
Crypto analysts predict that Dogecoin can still reverse its current downward trend and push itself to $1 per coin, a forecast that could increase investors’ optimism about popular meme coins.
Market experts say Elon Musk’s favorite meme coin can support potential upward trajectories with increasing whale activity and the positive prospects of random RSI analysis.
optimism
Dog Bearish market conditions affect the wider cryptocurrency sector, but despite several short-term challenges with memorials, crypto analysts remain confident about the future of the token and predict their value may increase.
Data shows that Doge has grown 2% in the past week, but in the broader scenario, its price has dropped by 36%, which has attracted investors’ attention.
As of writing, Dogecoin has traded at $0.1678, down 0.5% over the past 24 hours, reflecting overall negative market sentiment. but, member Still dominates the market with a price of 0.92%, with a market value of nearly $25 billion and a trading volume of more than $816 million.
The short-term decline and challenges that Doge currently faces cannot mask the potential for long-term growth of tokens.
Whale activity rises
Analysts say one of the main drivers of Doge’s optimism is that its large investors are signing up for active activity, which could drive Memecoin’s growth in the coming months.
Market observers reveal whale Activity has increased over the past week, with large investors acquiring more than 110 million threshold tokens. These investors dare to bet that the meme token may be ripe to break through whales’ confidence in the long-term growth of tokens.
This also shows that whales are not looking at short-term fluctuations in coins, but are in the long-term prospects.
#DogeCoin Random RSI recommendations $ DOGE Can stop its downward trend here and aim for $1
$ DOGE pic.twitter.com/gkpayjuotc
– Trader Tardigrade (@Tatrader_Alan) March 18, 2025
Can Dogecoin be worth $1?
Meanwhile, a crypto analyst believes that Dogecoin may reach $1 per coin, sparking traders’ interest in Memecoin.
Trader Tardigrade said in an article, using Random RSI Showcases the bright future of Meme Crypto, which shows that it can recover from a short-term decline, resulting in price increases.
Tarder Tardigrade notes: “#DogeCoin Random RSI suggests $DOGE can block its downtrend here and target a $1 goal.”
Key indicators suggest that Doge can reverse its downward trend and eject upward price movements, which is also driving investors’ optimism.
Random RSI is a scale used to spot trend reversals, and now this brings hope to those who bet on the Dogecoin revival.
Featured images by Gemini Imagen, charts by TradingView
