The number of large dogecoin transactions has exploded, surpassing Ethereum. This creates a bullish outlook for the leading memes coins, as it suggests that the whales are actively accumulating DOGE.

IntoTheBlock Dogecoin transactions surged 41%, reaching $2.33. [] $5 billion in the past 24 hours. This puts Dogecoin ahead of Ethereum, which has reduced its large trading volume to $70. [] $500 million during the period. This development has created the bullish prospects for Dogecoin.

The surge in big deals is usually good news because it suggests that whales are actively accumulating related cryptocurrencies. Given the impact of these investors on the market, this accumulation trend could cause the price of Dogecoin to soar. Cryptocurrency analyst Ali Martinez also confirmed that whales are actively accumulating DOGE.

In the X post, Martinez said the whales bought more than 300 million dog coins in 24 hours. It's worth noting that the analyst has offered a bullish outlook for Dogecoin, predicting that the leading meme could rise another 6,770% if Dogecoin continues to follow the rising parallel channel pattern.

In the middle of the upward channel, the price could rise to around $2. [] 5. At the same time, if canecoin reaches the top of the upward channel, it could rise to $29. Cryptocurrency analyst Trader Tardigrade also recently highlighted an uptrend channel, suggesting that Dogecoin could see a price breakthrough this month.

An analysis by trader Tardigrade suggests that Dogecoin could eventually reach the highly anticipated $1 psychological price this month, a new record high (ATH) for the number meme. The accompanying chart also shows that Dogecoin could rise to $12 in this market cycle.

In a recent X post, trader Tardigrade revealed that Dogecoin has broken through the bottom descending triangle. He said the chart pattern could lead to an explosive subsequent surge in dogecoin. The chart accompanying analysts shows that the price of this most important meme could rebound to $0. [] 56 in the short term.

Dogecoin could rebound to $0. [] 56, which could pave the way for the meme to rebound to its current high price. Cryptocurrency analyst Master Kenobi predicts that if Dogecoin rises above $0. [] 74 in January, it could hit $1. [] 2. Interestingly, the analyst also raised the possibility that the meme would rebound to $3. [] $4 and match the currency's current market value at Ethereum.