Dogecoin Price Prediction: Amid the recent market downturn, Dogecoin experienced significant selling pressure at the $0.22 mark, leading to a 20% price decrease to now trade at $0.18. In the 4-hour chart, this peak has formed a double-top pattern, intensifying the bearish sentiment among traders. With the Bitcoin pre-halving correction underway, there is speculation on whether this trend will extend the downward movement in altcoins.
Dogecoin’s Bullish Surge Fueled by Awakening Whale Wallets
Dogecoin Price| Tradingview
Unlike other leading cryptocurrencies, Dogecoin, the popular dog-themed meme coin, displayed an aggressive bullish trend in March. The asset witnessed a notable inflow in the month’s fourth week, which propelled its value from $0.122 to $0.228 high to register 86.8%.growth.
As per a recent highlight from crypto analytics platform Santiment, this growth is largely driven by the awakening of major dormant whale wallets, which has injected Dogecoin back into the market
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