Dogecoin Surges: Whale Activity Fuels Price Rise

Dogecoin (DOGE) has seen a surge in price, gaining 5% in recent hours. This rise is attributed to a significant increase in whale activity, with large-scale investors driving demand for the meme coin.

Data suggests that a staggering 70% of Dogecoin’s supply is now in profit, indicating a strong bullish sentiment in the market. The Relative Strength Index (RSI) also points towards further potential for growth, though profit-taking could trigger a downtrend.

The influx of whale activity has injected a renewed sense of optimism into the Dogecoin community. Analysts are closely watching to see if this momentum can continue, potentially propelling DOGE towards its next price target.