DOGE Price Set to Rally? 4 Bullish Signals to Watch

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DOGE whales are among the four reasons.

The entire meme coin market, including its leader, was annihilated in the past few months due to the ongoing broader crash, which pushed the market capitalization south by over $1 trillion.

Recall that Dogecoin stood close to $0.5 in early December, then peaked above $0.42 in mid-January but slumped to $0.14 on March 11. Even though it now trades close to $0.17, it still means that its price has lost 60% since the January peak and over 65% since the high in December.

Following such a substantial crash, though, many industry observers believe DOGE is primed for a rebound and have outlined several factors that could help the asset recover.

Dogecoin whales have been particularly active during the bull run in November and December but started to dispose of their assets after the subsequent peak. Now, though, they have returned to the scene with multiple large purchases and Ali Martinez highlighted the latest one.

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ARC-USDT - 30% profit
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Net Profit = 292% Profit

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