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Analyst Predicts Dogecoin Price Will ‘Pump Hard’ Soon, Here’s Why

NewsBTC|Scott Matherson|
Analyst Predicts Dogecoin Price Will ‘Pump Hard’ Soon, Here’s Why
Image via NewsBTC
🤖AI Summary

Dogecoin active addresses surged 176% in one week from 41,557 to 114,662, while whales accumulated approximately 470 million DOGE over 72 hours. Analysts predict a potential price pump based on increased network activity and whale accumulation, with technical levels suggesting strength if DOGE holds above $0.105.

Key Takeaways
  • Dogecoin active addresses increased 176% in one week, reaching 114,662 addresses - the highest level in months.
  • Whales purchased approximately 470 million DOGE over the past 72 hours, indicating coordinated accumulation.
  • Crypto analyst Myles G. predicts Dogecoin will 'pump hard soon' based on the increased network activity.
  • Technical analysis suggests DOGE needs to hold above $0.105 before week-end to maintain strength.
  • The surge in active addresses indicates returning retail attention to the meme coin.
Mentioned Tokens
$DOGE$0.1004+6.0%
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