DOGE Price to $2- Analyst Predicts Bullish Rally As ETF Approval Odds Surge and Whales Open $12M Longs
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Highlights
- Dogecoin price is up 7% today as the broader crypto market rallies.
- An analyst forecasts that DOGE may reach $2 as the price sits in a strong accumulation zone.
- Whales are leveraging the situation by opening over $12 million long positions.
Dogecoin price might be getting ready for its next leg up after it pushed past a multi-week resistance. Because of this, an analyst now says that DOGE might get to $2. Meanwhile, the odds that the SEC is going to greenlight a spot ETF are rising, and this is attracting whale activity. DOGE trades at $0.24 today, August 9, with a 7.75% gain.
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Frequently Asked Questions (FAQs)
1. Why is the Dogecoin price up today?
Dogecoin price is gaining today because of gains across the crypto market as weekend volatility pushes crypto prices higher.
2. Can DOGE price reach $1?
Dogecoin price can reach $1 as an analyst identifies strong accumulation between $0.18 and $0.23 that may propel the next bull rally.
3. Why are whales going long on Dogecoin?
Whales are likely going long on Dogecoin due to a strong technical structure and increased odds of a DOGE ETF getting the green light.
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