Whales hoards 270 million DOGE coins, hinting at increased activity and potential for rebound from recent price drops

Over the past three days, whales purchased 270 million DOGE coins, indicating increased activity and the potential for a rebound from the recent price decline. The surge in whale trading correlates with significant price movements in Dogecoin, indicating they have a significant impact on the market.

Whales have acquired an impressive 270 Million DOGE in just the last three days, a development that has not gone unnoticed by those keeping a close eye on the cryptocurrency market. This activity is also impacting DOGE price, with historical patterns suggesting a potential rally might be on the horizon.

Usually, such buying by whales precedes rallies, and this time around, it seems like the Power of Three (PO3) strategy might be playing out on DOGE price. This strategy spans several weeks and includes stages of Accumulation, Manipulation, and Distribution.

Analyzing the daily chart for DOGE on TradingView reveals this pattern. The Accumulation Phase began in early November, with minimal price movement indicating investors were quietly buying up DOGE.

This shifted to the Manipulation Phase by mid-December, with abrupt price changes to shake out weaker hands, testing newer investors’ resolve through engineered price dips.

The final phase, Distribution, is expected to follow, with price increases in sight if it mimics past patterns. This could see a rally approaching or exceeding past ATHs, with targets reaching as high as $1.

With Dogecoin’s recent activity and attention on social media, a bullish trend is being speculated, which could be further fueled by market movements. This analysis provides a strategic entry point for those looking to capitalize on DOGE’s cycles.

Smart money sentiment towards DOGE is positive at 1.42, contrasting with the crowd's slight bearishness at -0.32. This divergence suggests that experienced investors are optimistic about DOGE's future.

If smart money continues to accumulate, DOGE price could see upward momentum, potentially pushing towards the $1 target. This bullish outlook from smart money, coupled with a stabilization or shift in crowd sentiment, is crucial for sustaining a rally.

This scenario reflects a growing confidence that could catalyze broader market interest and investment in Dogecoin, contributing to its climb towards the anticipated price level.

Additionally, Choise.ai's (CHO) MemeBank, which features Dogecoin, is set to launch, impacting DOGE's market position.

This MemeBank will feature functionalities like custom wallets and debit cards, enhancing user engagement and making DOGE more integral in daily transactions.

Moreover, the MemeBank's strategy to burn CHO tokens with every transaction will also support the token's value by reducing its supply. This increased utility and reduced token supply will drive DOGE's demand, pushing it closer to the $1 price target.