Dogecoin (DOGE) Analyst Predicts a Massive Rally as Network Activity Spikes, Targeting a Price Well Above Its ATH

A popular on-chain strategist says the top meme token Dogecoin (DOGE) is seeing an abrupt increase in network activity.

A top crypto strategist is flagging a surprising surge in network activity for the leading meme coin Dogecoin (DOGE).

According to the pseudonymous analyst, known as Ali, the recent spike in large Dogecoin transactions might be an indication of institutional investors entering the scene.

“The number of large Dogecoin transactions on the network continues rising, which suggests institutional players and DOGE whales are positioning themselves for a potential upside move.”

Last week, Ali observed that crypto whales, or large holders, scooped up over $100 million in DOGE in a single day.

“Dogecoin whales bought over 1 billion DOGE in [24 hours], totaling roughly $108.7 million!”

As Dogecoin shows signs of a potential rally, Ali now suggests that DOGE might be poised to repeat the massive rallies it experienced during the 2017 and 2020 cycles.

“History often repeats itself, and Dogecoin might be doing just that.

A familiar pattern: breakout from a multi-year descending triangle, 200% surge, 60% retracement – then a bull run.

After a recent 65% pullback, DOGE could be gearing up for the next big rally!”

Ali’s chart seems to indicate that he’s predicting Dogecoin to rally past its current all-time high of $0.7316 and continue surging to shatter the $2 mark.

At the time of writing, DOGE is valued at $0.113, showing an increase of over 2% in the last 24 hours.

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