with the forerunner Dogecoin (DOGE) down almost 3% in the last 24 hours and nearly 14% in the last seven days.
The broader crypto market has been bearish over the past few days, with prices plummeting significantly across several assets. Moreover, the flagship crypto asset, Bitcoin, has dropped to the $64,000 threshold, raising questions about a potential recovery.
The meme coin market has been spared in the onslaught, with the forerunner Dogecoin (DOGE) down almost 3% in the last 24 hours and nearly 14% in the last seven days.
Many speculate the recent massive whale selloff may have contributed to Dogecoin’s market condition. However, despite this ongoing bearish momentum, top analysts remain bullish on Dogecoin’s imminent recovery.
So the big question is: Is now the time to buy more Dogecoin tokens? Let’s find out DOGE’s next possible moves. Big DOGE Holder Reduce Bag; What Does This Mean for DOGE?
On June 18, Whale Alert revealed a transfer of 99,321,007 DOGE worth approximately $12.1 million at current market prices from an unknown wallet to Robinhood.
Some market participants speculate this movement could be a sell transaction. Such a large token dump could negatively impact Dogecoin’s price. However, there are other reasons for such a transfer.
It could be for trading purposes, to take advantage of platform features, or even an internal token shuffle. So, the latest transfer’s impact on Dogecoin’s price remains uncertain.Trade Tardigrade Predicts Massive Surge for Dogecoin: Could It Hit $7.5?
Meanwhile, in an X post, seasoned market analyst Trader Tardigrade predicted that Dogecoin’s (DOGE) price could surge to $7.5 soon. This prediction has garnered significant attention within the crypto community, especially given Dogecoin’s history of dramatic price movements.
Trader Tardigrade based his optimistic prediction on a triangle pattern, indicating Dogecoin’s consolidation movements over a specified period.
