Expert Sees 195% DOGE Upside Amid Strong Whale Activity, Dogecoin ETF Odds at 99%

Dogecoin (DOGE) is once again seeing an uptick in trading activity following the crypto market correction earlier this week. whales have been aggressive buying the dips with a massive 2 billion DOGE scooped off the market. Experts predict that the Dogecoin price could potentially see a rally of 195% to all-time high.

DOGE Eyes Rally to All-Time High

As per historical patterns and technical indicators, crypto analysts are pointing to a potential breakout in Dogecoin (DOGE). Analyst Javon Marks said DOGE could be preparing for a surge of more than 195%, setting a new all-time high above $0.73905. He pointed to historical rallies that have followed similar market conditions.

On the other hand, crypto analyst Bitcoinconsensus noted that DOGE has followed a repeating cycle of 300% and 500% rallies, with the current setup suggesting an 800% move may be next. Moreover, the analyst highlighted Dogecoin’s bounce off ascending trendline support and projected a potential price target of around $1.30 if the pattern holds.

The predictions come as Dogecoin price consolidates, with traders watching closely to see if history repeats or if the hype fades. Following this week’s crypto market crash, Dogecoin has been trading in a tight range between $0.236 and $0.244, holding steady despite weakness across the broader cryptocurrency market.

Early attempts to push higher tested the $0.244 resistance level, but profit-taking capped further gains. Thus, traders are now closely watching the $0.244 mark as a potential breakout point.

Dogecoin ETF Odds Jump 99%, Whale Activity Shoots

Optimism around the arrival of a spot Dogecoin ETF, especially after the filing from 21Shares secured a DTCC listing earlier this week. The process involves periods for public comments and rounds of feedback from regulatory agencies. Following this, the US SEC will take the final decision on the funds approval.

Additionally, the launch of the Rex-Osprey Dogecoin ETF (DOJE) last week, has further boosted market sentiment. As per the prediction market platform Polymarket, the odds of spot DOGE ETF approval have surged to 99%, surging by 22% over the past month. The approval of the generic listing standards for Crypto ETFs by the US SEC recently, will further increase the odds of a spot ETF launch soon.

On the other had, the whale activity surrounding the meme coin has shot up significantly.Popular crypto analyst Ali Martinez noted that whales have scooped a staggering 2 billion DOGE coin in the last 24 hours. This shows that top investors are positioning themselves for the big move ahead.