• Dogecoin is trading at $0.1901 with a market cap of $28.77 billion and $9.27 billion in volume.
• Whales had hoarded 280 million DOGE, indicating strong investor confidence.
• Analysts see DOGE potentially hitting the $5–$7 zone if macro cycles restart.

Dogecoin is showing renewed market activity, and optimism persists in light of analysts anticipating an explosive bull run in the future. With its value at $0.1901 and whales actively accumulating on descents, market observers believe the token stands to rebound in the near future and potentially signal a massive $5-$7 spike in the subsequent bull run.

Currently, Dogecoin is trading at $0.1901 and has registered a decline of 3.8% over the previous 24 hours. A market cap of $28.77 billion and a 24-hour trading volume of $9.27 billion make it have a market share of 0.78% among the top crypto assets.

Dogecoin’s Monthly Macro Cycles Signal Revival

Dogecoin’s monthly cycles hint at an explosive return. According to Bitcoinsensus, DOGE has consistently followed a similar market structure in previous cycles, often ending with a strong parabolic surge.

If this trend continues, the new wave could push DOGE to the $5–$7 zone. It’s worth mentioning that the large swings in Dogecoin in the past have characterized the end-of-bull-market scenarios, where retail involvement and liquidity see a sharp spike.

With market sentiment gradually improving and Bitcoin’s momentum leading broader altcoin recoveries, DOGE’s bullish setup looks increasingly plausible. However, analysts remain cautious, waiting to see that the next full bull cycle is in play before anticipating yet another parabolic Dogecoin surge.

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Large Holders Accumulate 280 Million DOGE Tokens

On-chain data offers early signs of optimism. Whale wallets have continuously purchased DOGE in previous drops in price, which is an indication that big investors have shown increased interest. Observations of Santiment’s Supply Distribution indicate that whales that have between 100,000 to 100 million DOGE have accumulated approximately 280 million of DOGE tokens.

This buildup phase indicates increasing optimism that the price of Dogecoin may soon reverse. Analysts point out that in the event that weekly support holds firm, DOGE may make a short-term rebound towards the $0.23 resistance point before positioning up for bigger gains down the cycle.

With the whales accelerating and the overall market displaying signs of life, most believe that Dogecoin could surprise the crypto scene again, this time potentially bound towards its price zone between $5 and $7, during the subsequent wave of bull run.

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