DOGE Price Predicted 180% Gains As Panshibi (SHIBI) 10,000% Post Coinbase Approval Could Be Imminent

Since last week, Dogecoin has been in the red since the Solana chain bust, alongside several other meme coins. Despite an attempt by buyers to flip the narrative with a mid-week bounce, they were soon overpowered by intense selling pressure. The bearish sentiment was further fueled by a massive DOGE whale selloff.

Further fueling the bearish sentiment was the unexpected withdrawal of Dogecoin tokens a few days ago. Blockchain data reveals that over 310 million tokens were in three successive withdrawals, amounting to approximately $64 million.

The impact of these successive whale transactions rippled through the crypto community, quickly shifting the market in favor of bears. Since then, Dogecoin has fallen to a , reflecting a daily dump of 11.20%. Things don’t look good for Doge price prediction as bears appear to be in complete control.

Compounding the bearish outlook of the Doge price prediction is a over the past year. On-chain data indicates that active addresses dropped from 2.66 million in November to just a fraction of a million today. When coupled with large-scale whale selloffs, these metrics point to a broader loss of market interest in Dogecoin.

However, a key market indicator suggests that all hope may not be lost. Popular crypto analyst Ali Martinez recently noted that long-term DOGE holders remain in denial, indicating their unwavering faith in the meme coin’s long-term potential.

This data indicated that despite market fluctuations and price volatility, Dogecoin long-term holders have no doubts about the project’s long-term prospects. This instills hope within the crypto community and lends analysts the strength to make an ambitious bet on a 180% spike in Doge price prediction next month.